A report that measures the success of Milwaukee jobs WI, especially those in blue-collar industries, has shown a decline in the area.
A new report from the Institute for Supply Management-Milwaukee found that business activity in the Milwaukee area dropped during October. The main cause of the decline was a decrease in blue-collar employment and manufacturing production levels.
The report found that the business barometer slipped to 50 during October from 58 during September, during which time the business barometer was at a 20-month high. As an index above 50 indicates expansion and an index below 50 indicates contraction, Milwaukee’s current number shows neither.
The number of new orders throughout Milwaukee decreased from 66 to 53 during October, while production decreased from 71 to 56 and order backlogs remained even at 47. In addition, supplier lead times fell from 45 to 43, inventory levels decreased from 48 to 44 and capital equipment spending dropped from 55 to 50.
When it comes to blue-collar employment, the index decreased by 12 points, from 50 during September to 38 during October. On the other side, however, the white-collar jobs index increased from 45 to 47.
The Milwaukee area’s prices paid index remained flat at 54 and of the 21 items tracked, 11 components increased, five were level at 50 and five declined. Prices for chemicals and plastics experienced the largest growth, followed by prices for precious metals. On the other end of the spectrum, prices for ferrous materials, aluminum and hydraulic components decreased on a monthly basis.
The Milwaukee area’s economy as a whole has continued to see a decrease in employment, despite the fact that the unemployment rate has begun to decline.
During September, the Milwaukee-Waukesha-West Allis area saw its unemployment rate decrease from 9.3 percent to 8.5 percent, which was lower than the national unemployment rate at the time of 9.8 percent.
The area had a total non-farm employment of 804,600 workers during September, according to the U.S. Department of Labor Bureau of Labor Statistics. This is down from 806,900 workers during August and a 5.8 percent decrease from last year.
Tags: Milwaukee jobs WI
I assume that the decrease in unemployment is due to people being removed from the system and not actually finding jobs. It is helpful to us who are looking and have given up using the unemployment system to know why the unemployment rate dropped from 9.3 to 8.5 in Milwaukee. I don’t believe it. Who was hiring?
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