Unemployment measures the share of the population that is actively seeking work, but cannot find a job. Note: it is not just those people who receive Unemployment Insurance.
Our community is currently facing both the recessionary economy and a longer-term restructuring in manufacturing. This leads to higher unemployment rates and longer terms of unemployment. The Great Recession devastated the labor market. Over the course of the recession, Wisconsin lost more than 200,000 jobs. Like nearly every community across the state, the recession continues to extract a toll in the south Wood County area.
Wood County unemployment tracks state unemployment fairly closely, now registering below 8% both in Wood County and Wisconsin. Successful economic growth efforts will require significant collaboration across the south Wood County area, while being connected to regional and state strategies. In this new era, economic growth and opportunity are both essential to creating a sustainable, strong economy.
Vital Signs covers the south Wood County area of Wisconsin, including the municipalities of: Biron; Cranmoor; Grand Rapids; Nekoosa; Pittsville; Port Edwards – town and village; Rome – Adams County; Rudolph – town and village; Saratoga; Seneca; Sigel; Vesper; Wisconsin Rapids.
Additional information and local stories can be found in the complete Vital Signs 2.0 report; download here.
For additional information, contact:
Liz Everson | firstname.lastname@example.org | 715.423.3863