La Crosse-Onalaska, WI-MN Jobs Report

August 2019 Jobs Report

Jobs Added

Metro 0
  • Month Over Month: %
  • 3 Month Average: 0
  • Year Over Year: %
State -1,300
  • Month Over Month: 0.0%
  • 3 Month Average: 1,333
  • Year Over Year: 0.0%
National +130,000
  • Month Over Month: +0.1%
  • 3 Month Average: 155,667
  • Year Over Year: +1.4%

Unemployment Rate

Metro 3.0%
  • Month Over Month: -0.3%
  • 3 Month Average: 2.93%
  • Year Over Year: +0.2%
State 3.4%
  • Month Over Month: +0.1%
  • 3 Month Average: 3.33%
  • Year Over Year: +0.6%
National 3.7%
  • Month Over Month: 0.0%
  • 3 Month Average: 3.7%
  • Year Over Year: -0.1%

3 Things to Know About the National Jobs Report

The Bureau of Labor Statistics (BLS) reported the U.S. unemployment rate remained unchanged at 3.7% for the third month in a row. 130,000 jobs were added in August, just below the 3-month average of 140,000. While some say the underlying pace is still solid enough to promote moderate GDP growth, others believe the slowed hiring rate is only further stoking recession fears.

Regionally, the Bureau of Labor Statistics breaks down the state and metro unemployment rates one month behind the national breakdown. Those numbers will be released mid-month every month.

Here are 3 other things to know about August’s jobs report:

The Labor Force Participation Rate: The labor force participation rate saw a slight bump at 63.2% in August and the employment population ratio edged up to 60.9%. It’s no wonder employers are struggling to find the workers they need, leaving some to reexamine everything from their benefits offerings, to the requirements they list for worker positions. Recently, we’ve found that the rewards of loosening hiring requirements outweigh the risks so much so that we released a study about it. The data in this report—gathered from surveying 500+ hiring managers in the U.S.—will help you decide if loosening temporary job requirements is right for your company.

Wage Growth Accelerating: In August, average hourly earnings rose by 11 cents, following 9-cent gains in both June and July. It’s no secret that wages have lagged behind job growth amid a recovering economy, and a common question has been the following: When will many companies’ newfound financial health, compared to their compromised financial health during the recession, trickle down to their employees in the form of pay? It looks like the answer is now. Read The New York Times’ article “Why Wages Are Finally Rising, 10 Years After the Recession” for a detailed breakdown of U.S. wage growth.

The August Lull: With the end of summer in sight, August is usually a busy month for last-minute vacations. It’s not uncommon for the number of respondents to the government’s monthly questionnaire during August to be the lowest of the year. In fact, the government has revised its August job growth number in 8 of the past 10 years. While the National Jobs Report did report increases in the federal government, healthcare, financial, professional and business services, and social assistance sectors, it’s expected that we’ll see some reporting adjustments come September.

 

Local Industry Job Growth from the B.L.S.

Finance & Insurance -100
  • From Last Month: -0.1%
  • 3 Month Average: 127
  • From Last Year: +1.1%
Accommodation & Food Services +1,600
  • From Last Month: +0.7%
  • 3 Month Average: 242
  • From Last Year: +1.5%
Transportation & Warehousing +500
  • From Last Month: +0.5%
  • 3 Month Average: 103
  • From Last Year: +5.2%
Transportation Equipment Manufacturing -100
  • From Last Month: -0.4%
  • 3 Month Average: 26
  • From Last Year: 0.0%
Hospitals -1,600
  • From Last Month: -1.4%
  • 3 Month Average: 113
  • From Last Year: +0.2%

U.S. Job Growth for All Sectors

Local Job Reports

BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.