Chippewa county quarterly workforce partners
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Chippewa County Quarterly Workforce Partners. Chippewa Falls, WI 12-09-13. 3Q 2013 rose by 3.6%, 2nd estimate, most inputs were positive, with only govt spending (sequester) and import growth negatively influencing GDP.

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Chippewa County Quarterly Workforce Partners

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Chippewa county quarterly workforce partners

Chippewa County Quarterly Workforce Partners

Chippewa Falls, WI

12-09-13


Chippewa county quarterly workforce partners

3Q 2013 rose by 3.6%, 2nd estimate, most inputs were positive, with only govt spending (sequester) and import growth negatively influencing GDP

3% would be “ok”, 5% would be “good” growth. So really not too bad, all things considered.

Source: Actual--Bureau of Economic Analysis.Shaded area indicates period of recession


Chippewa county quarterly workforce partners

LEI up 0.2% in October, six month growth rate points to moderately stronger economic growth in 2014 . Weak consumer demand, cautious businesses still restrain growth.

Source: The Conference Board


Chippewa county quarterly workforce partners

  • Consumer Sentiment (UMich) up 9.9% in December. Consumer Confidence (The Conference Board) down 2.8% in November.

  • Improvement in Umich measure all from households below $75k

  • Consumers showed greater concern about future economic conditions

  • Umich near end of month, C Board cutoff 15th of month – shows how volatile consumer movements are right now


Chippewa county quarterly workforce partners

Source: Philadelphia Federal Reserve


Chippewa county quarterly workforce partners

Some state and local indicators


2012 2013 unemployment rates wisconsin

2012-2013 Unemployment Rates, Wisconsin

Rate: 5.7%

Rates below year-ago levels (not seasonally adjusted) Labor force essentially unchanged, employed up slightly (1.5% = 10k), unemployed down significantly (3.1% = 5.5k)

Source: US Bureau of Labor Statistics


2012 2013 unemployment rates chippewa county

2012-2013 Unemployment Rates, Chippewa County

Rate: 4.8%

Rate below its year-ago level. Employed up 280 (0.9%), unemployed down 44 (2.6%), labor force up 236 (0.7%).

Source: US Bureau of Labor Statistics


2012 2013 wisconsin nonfarm jobs

2012-2013 Wisconsin Nonfarm Jobs

Up over the year, 40,600.

Most sectors were up.. Mfg up 9,500, leisure and hospitality up 18,700, professional and biz svcs up 7,100

Source: US Bureau of Labor Statistics


2012 2013 eau claire msa nonfarm jobs

2012-2013 Eau Claire MSA Nonfarm Jobs

Up over the year, 900. Construction/Mining/Natural Resources up 900, relatively small ups and downs in other sectors, prof/biz svcs down 300, Ed (private)/Health down 200

Source: US Bureau of Labor Statistics


Other trends

Other Trends

  • US adds 203k jobs in Nov, unemployment rate at 7%, labor force growth largest in 30 yrs

  • Fed may start to taper bond buying – interest rates will rise

  • But – still many long term unemployed, and plenty of uncertainty for businesses/consumers

  • The sequestration bogeyman is still out there..


Skills explorer

Skills Explorer

  • A new skill matching tool from DWD

  • Great for job seekers looking to see where else their skills fit, other than the occupation they’re in..

  • http://skillexplorer.wisconsin.gov/Search.aspx


Chippewa county quarterly workforce partners

For copies of this PowerPoint or if you have other questions please contact:

Scott Hodek

Regional Economist – Serving West Central Wisconsin

Office of Economic Advisors

Wisconsin Department of Workforce Development

715.836.2997

[email protected]

Website: dwd.wisconsin.gov/oea


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