Saturday, September 10, 2016

Wisconsin Ranks 33rd In Job Creation

Wisconsin ranks 33rd in job creation
Wisconsin gained 37,166 private-sector jobs in the 12 months from March 2015 through March 2016, a 1.58% increase that ranks the state 33rd among the 50 states in the pace of job creation during that period. 
Wisconsin continued to trail the national rate of job creation, as it has since July 2011. The United States created private-sector jobs at a rate of 2.1% in the latest 12-month period, according to the data from the U.S. Bureau of Labor Statistics. Wisconsin ranked fourth among its Midwest peers, ahead of Minnesota, Illinois and Iowa, but behind Michigan, Indiana and Ohio. 
Economists consider Wednesday’s job creation figures, known as the Quarterly Census of Employment and Wages, to be the most credible and comprehensive available. The census report breaks out data for the nation as a whole as well as each of the 50 states. It tracks the economy in rolling 12-month increments, measured every three months. 
The quarterly data are based on a census of 96% of the nation’s employers in the public and private sectors. That makes the figures far more reliable than monthly jobs data, which are based on a sample of only about 3% of employers, leaving monthly estimates prone to large margins of error.

No comments: