(NNCNOW.com) Wisconsin Department of Workforce Development Secretary Reggie Newson on Thursday announced the latest available Wisconsin actual jobs data showing the state’s private sector added over 62,072 jobs in 2011-12, including over 32,000 jobs during 2012.
According to a news release:
The total is based on reports from nearly 160,000 Wisconsin employers.
Key highlights of the actual job counts for 2011-12 include:
o After losing 134,000 jobs, Wisconsin gained over 62,000 private sector jobs in the last two years.
o The private sector job gains under Governor Walker are the best two-year gains under any Governor in over a decade.
o Wisconsin created more manufacturing jobs in the last two years than in either of the last two Governor’s terms.
o Initial unemployment insurance claims are at pre-recession levels.
o Whether increased revenue collections, lower Unemployment Insurance claims, or more new business formations, all economic indicators show Wisconsin is creating jobs.
o In 2012, Wisconsin had the largest growth in construction jobs in over a decade.
o Wages by private employers grew by 6.2 percent in the fourth quarter of 2012 compared to the fourth quarter of 2011, up to $26 billion from $24.5 billion.
“In the past two years, more than 62,000 Wisconsinites have found jobs and their families can now put food on the table and provide for their children. Under Governor Walker’s leadership, we are working together to help the private sector create jobs and get our people back to work, and this actual job count shows we’re moving forward in the right direction,” DWD Secretary Reggie Newson said. “From increased revenue collections to pre-recession level unemployment insurance claims, all economic indicators show Wisconsin is creating jobs,” continued Newson. “While there is more work to be done to accelerate our clear trajectory of job growth in Wisconsin, we know more than 62,000 moms, dads, and grandparents are able to make ends meet.”
Every quarter, all employers covered under state or federal unemployment insurance are required to submit tax reports on monthly employment, quarterly total and taxable wages, and contributions for hourly and salaried employees. Wisconsin has nearly 160,000 business establishments employing some 2.7 million workers that are required by state and federal statutes to submit this information to DWD.
DWD sends the data to the U.S. Bureau of Labor Statistics, which incorporates the information when it publishes the Quarterly Census of Employment and Wages (QCEW).
States are required to send data this week to BLS covering the fourth quarter of 2012. The next QCEW release by BLS is currently scheduled for June 27. Information about the QCEW, including data for the first three quarters of 2012, can be accessed through the BLS website at http://bls.gov/cew/.
The QCEW is a comprehensive count of jobs, as it includes reports from nearly all Wisconsin employers. This data series is distinct from the Current Employment Survey (CES), which estimates jobs based on a survey of roughly 5,500 employers (3.5 percent of Wisconsin businesses) and is released in preliminary form each month.
The QCEW also differs from the Local Area Unemployment Statistics (LAUS), which is compiled from both a monthly survey conducted by the Census Bureau of 1,450 households around the state and Unemployment Insurance continued claims, and forms the basis of the state’s unemployment rate. Both the CES and LAUS have tracked differently from QCEW or actual job counts in 2011-12, which have consistently aligned with other indicators of Wisconsin’s economy.
o Department of Revenue has reported state revenue collections through March are up by 4.0 percent (adjusted) in fiscal year 2013.
o Department of Financial Institutions reports that new business formation grew by 8.2 percent in April 2013 compared to 2012.
o A decline during calendar year 2012 in initial and weekly DWD Unemployment Insurance claims, which are also running below pre-Recession levels (YTD).
o Wisconsin’s exports set a record in calendar year 2012.