In a recent study of the nation's metropolitan areas, Madison Wisconsin came out on top for having the lowest average unemployment rate for the first 11 years of this century. The average unemployment rate for Madison from 2000 to 2011 was 3.5 percent, the best unemployment average in the country. Not surprisingly, the current rate of unemployment in Madison is higher than its 11 year average, however, at 5.3%. Honolulu's job market tied with Washington D.C.'s with an average unemployment rate of 3.7% for the last 11 years. Honolulu's current unemployment rate is 4.9% and D.C.'s is 5.7%. Fresno, California came in last with an unemployment rate of 10.7% for the years 2000 to 2011.
So, like the cold weather or not, if you're seeking full-time employment, then Madison Wisconsin is indeed a very good place to start your search!
For a complete look at all the unemployment statistics in the biggest 100 metropolitan areas of the United States, check out the complete article.
Posted by Jolenta Averill
on
I may have to make a move...Cities do well when everyone is working
Posted by Peter on Friday, August 5th, 2011 at 10:56pmThat is an incredible statistic, congrats to Madison WI! Hopefully that correlates to a low number of REO homes as well.
Posted by Anita Clark on Saturday, August 6th, 2011 at 11:13amThat's awesome news for Wisconsin Jolenta. I am sure it's attracting a lot of people to Wisconsin as well. Great share.
Posted by Danny Welsh on Sunday, August 7th, 2011 at 8:40amIt really is a sign of the times when local employment rates are used as a selling point for real estate. Good for Madison on having such low unemployment numbers, the folks there must be doing something right.
Posted by Alex Aguilar on Wednesday, August 10th, 2011 at 9:16amCongratulations to Madison WI. Unemployment at 3.5 percent, you might want to keep that a secret. Thanks for sharing.
Posted by Jo Amick on Sunday, August 14th, 2011 at 12:53pmIt is nice to hear that there in state in U.S that is thriving as far as employment because here in Arizona it is a different story
Posted by Wiley Beeman on Thursday, August 18th, 2011 at 12:35pmAmazingly low unemployment rates in Madison. We are staring at 13%+ in Bend Oregon and our sales are mostly distressed properties.
Posted by Brad Miller on Sunday, August 21st, 2011 at 10:45amSo with the employment going as well as it is are you seeing a good steady amount of home sales?
Posted by Justin Robins on Tuesday, August 23rd, 2011 at 3:40pmWhatever industries that are thriving in Madison WI, maybe other states if they could should follow suite and create similar industries.
Posted by Billy Nederson on Monday, August 29th, 2011 at 1:23pm@Justin As a matter of fact, I am having my best year ever. :) P.S. This is my 8th year.
Posted by Jolenta Averill on Friday, September 9th, 2011 at 11:09amCongratulations to WI for this fantastic news. It's frightening here in South Florida. Gotta keep looking forward though.
Posted by Lisa @ Admirals Cove on Saturday, September 10th, 2011 at 2:57pmThat's an astounding number! Good for Madison! Does the city offer tax incentives for new businesses in Madison to help keep the unemployment rate so low? All the news is about the need for jobs to bolster the economy. Sounds like Madison has the key to economic growth.
Posted by Paula Henry on Saturday, September 10th, 2011 at 7:42pm@Paula, The only tax credits for businesses that I'm aware of here in Madison are through the Department of Workforce Development. The Work Opportunity Tax Credit (WOTC) is a federal tax credit to reduce the federal tax liability of private for profit employers to be used as an incentive for employers to hire individuals from eight different targeted groups: TANF recipients, veterans, ex-felons, high risk youth, summer youth, Food Stamp recipients, SSI recipients, and vocational rehabilitation referrals. I don't have details of this program, however, or how much it may be impacting our employment figures. Thanks for stopping by. Great question!
Posted by Jolenta Averill on Thursday, September 15th, 2011 at 7:56pmVery impressive stats for the current economic situation. What industries are keeping your work force going - construction, medical? Looks like your city council is doing their job. Well done.
Posted by Jennifer Mackay | Panama City Condos for sale on Friday, September 16th, 2011 at 7:23amHi Jennifer, Actually the university here is a big employer and has been growing for several decades, our hospital system is extensive, and we have quite a few hi tech companies as well that have relocated here or started up here (e.g. stem cell research). Epic is a local (non-public) company that has experienced wild success in the U.S. and internationally and is growing by leaps and bounds. Trek (bicycles) is here, Kraft is another big employer, and there are many others! I just read yesterday that Lands End is opening a small office in downtown Madison. Thanks for stopping by!
Posted by Jolenta Averill on Friday, September 16th, 2011 at 6:00pmGood news indeed. I see that old companies are growing and new companies are emerging with success. Thank you Jolenta for posting wonderful news of Madison WI. I certainly appreciate good economic news at this troublesome time.
Posted by Charlotte homes for sale on Tuesday, October 11th, 2011 at 6:26amCongrats Madison WI for the good news...just continue follow suite and create similar industries.
Posted by shawn teo on Sunday, January 8th, 2012 at 7:18amThanks for Sharing. Great Websites!
WOW! looks like low unemployment rates in Madison. We're doing well here in Bend, Oregon our sales have been picking up on high end real estate.
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