Categories: Economy

Wisconsin’s economy and workforce poised for growth with new job estimates

Wisconsin’s short-term industry employment projections for 2023-25 show that the state’s workforce and economy are expected to continue growing significantly. The data indicates that Wisconsin has made a remarkable recovery from the impact of COVID-19, with employment levels fully restored by the second quarter of 2023. According to projections by DWD’s state labor economists, the state is projected to create 82,867 new jobs and experience a 2.47% growth across all industries during this period, with computer and mathematical occupations growing at the fastest rate. The projections also anticipate growth in employment across various industry sectors.

DWD Secretary Amy Pechacek stated that the economic projections for Wisconsin show broad growth and low unemployment levels, with employment now higher than it was before the pandemic. The projections suggest that this growth will continue across all industries, highlighting the positive outlook for the state’s economy. In response to this growth, workforce programs and initiatives are being advanced to connect job seekers and employers to maximize the benefits of the expanding economy.

The leisure and hospitality industry, which experienced a significant decline in employment during the pandemic, is expected to lead in employment growth in the 2023-25 projections, with a growth rate of 5.25% and 15,342 new jobs. DWD’s chief economist Dennis Winters emphasized the importance of this sector in Wisconsin’s economy and expressed optimism for its future as it bounces back from the challenges faced during the pandemic.

Healthcare employment also played a crucial role in the state’s economic recovery, with projections showing that the education and health services sector will soon surpass pre-pandemic employment levels. Additionally, the Healthcare Support occupational group is among the top three groups to exceed pre-pandemic levels in 2023. DWD economists work closely with state and local partners to analyze and understand workforce development trends and challenges, providing long-term and short-term employment projections across various industries and occupations in Wisconsin.

For more information on Wisconsin’s industry employment projections, visit the WisConomy projections page.

Share
Published by

Recent Posts

FORM is awarded Best Wearable Sports Technology

FORM, a swim tech brand, recently won in the ‘Mechanical, Engineered, and Wearable’ category at…

55 seconds ago

Fullerton’s 717 Dominates Qualifying Round in Yecheon

Sporting a set of bright red trousers and red, white, and blue Nikes to match…

2 mins ago

Family Fun Extravaganza to be Hosted by Local Business

A local business called Cartoon Headquarters Fun Zone is excited to host their Family Fun…

30 mins ago

Progress and Gaps in Implementing Global Health Sector Strategies for HIV, Viral Hepatitis, and Sexually Transmitted Infections: A Report for 2024

The report being presented is the first in a series of biennial progress reports that…

33 mins ago

New Lens Technology Now Available at Fresno Eye Care Provider

EYE-Q in Fresno, California, is introducing a new option for vision correction that goes beyond…

36 mins ago

Savings Bank Group predicts an increase in the savings rate for this year

The Savings Bank Group reports that consumer confidence in the economy is currently very low.…

46 mins ago