- 14,982 more businesses
- 215,323 more employees
- 33.9% increase in total wages
- $8,585 in additional annual wages per employee
- 22.2% increase in wages per employee
Since 2009, the number of businesses in Wisconsin has grown by 10.0% (0.5% greater than the national average of 9.5%). Employment in Wisconsin has grown by 9.5% (4.9% less than the national average of 14.4%). Wages have grown by 22.2% since the end of the Great Recession. This wage growth is 0.3% less than the national average of 22.5%.
The average weekly wage in Wisconsin of $908 is 14.7% below the national average of $1,064. The gap between the national average has widened from 14.4% a widening of 0.3% since the end of the recession.
The Healthcare sector has the most businesses in the state of Wisconsin . Since the end of the recession, the number of businesses has grown from 12,208 to 24,476, a gain 100.5%. The table below illustrates the change in number of businesses in each sector:
|Accommodation and food services||14,086||13,384||5.2%|
|Finance and insurance||8,691||8,426||3.1%|
|Transport and warehousing||5,220||5,020||4.0%|
|Real estate and rental||4,553||4,245||7.3%|
|Agriculture and forestry||2,673||2,151||24.3%|
|Arts and entertainment||2,513||2,366||6.2%|
|Mining and oil extraction||193||165||17.0%|
Several sectors have had a reduction in the number of businesses operating since the recession including Retail trade which has declined by 1.9%, Construction which has declined 8.1% and Manufacturing which has dropped by 4.9%.
The Manufacturing sector employs the most workers in the state of Wisconsin . The number of jobs has increased 7.3% since the end of the recession from 434,870 to 466,595. The table below illustrates the change in employment in each sector:
|Accommodation and food services||239,267||217,321||10.1%|
|Finance and insurance||122,507||129,617||-5.5%|
|Transport and warehousing||96,440||87,887||9.7%|
|Arts and entertainment||40,482||34,454||17.5%|
|Agriculture and forestry||28,365||21,466||32.1%|
|Real estate and rental||26,365||25,524||3.3%|
|Mining and oil extraction||3,621||2,297||57.6%|
A few sectors have declined in employment since the recession with Finance and insurance having the largest decline of 5.5%, which represents over 5,000 jobs. Utilities had a larger percent decline of 13.8%, but this represents “only” about 1,500 jobs.
The sector with the highest wages is the Utilities sector at $1,963. Prior to the recession, the sector’s average weekly wage was $1,581. This is an increase of $382 per week or 24.2%. The table below illustrates the change in average weekly wages in each sector:
|Finance and insurance||$1,437||$1,069||34.4%|
|Mining and oil extraction||$1,217||$1,004||21.2%|
|Transport and warehousing||$813||$702||15.8%|
|Real estate and rental||$788||$630||25.1%|
|Agriculture and forestry||$668||$539||23.9%|
|Arts and entertainment||$550||$479||14.8%|
|Accommodation and food services||$295||$228||29.4%|
Most sectors had a fairly uniform increase in average weekly wage but the Information sector had a 40.5% increase in weekly pay, the largest increase in the state but Arts and entertainment only grew 14.8% well below the monthly average of 22.2%.
Each of the sectors in the previous section are made up of a number of detailed industries. The top industry that has experienced the most growth (as a percent) since the recession is Services for the elderly and disabled which has grown 2,678.8%. The top industry that has contracted the most is Private households which has contracted by 29.5% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of businesses since the recession:
|Services for the elderly and disabled||11,643||419||2,678.8%|
|Wholesale trade agents and brokers||4,854||3,028||60.3%|
|Computer systems design and related services||3,453||2,131||62.0%|
|Drinking places, alcoholic beverages||3,047||3,334||-8.6%|
|Residential building construction||3,001||3,387||-11.4%|
|Insurance agencies and brokerages||2,883||2,703||6.7%|
|Gasoline stations with convenience stores||2,331||2,196||6.1%|
|Management consulting services||2,069||1,577||31.2%|
|Hair, nail, and skin care services||2,017||2,010||0.3%|
The industry that has experienced the most growth in number of employees (as a percent) since the recession is Services for the elderly and disabled which has grown 149.6%. The industry that has lost the most employees is Nursing care facilities, skilled nursing which has contracted by 17.4% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of employees since the recession:
|General medical and surgical hospitals||103,020||106,520||-3.3%|
|Management of companies and enterprises||68,946||44,900||53.6%|
|Temporary help services||62,287||36,207||72.0%|
|Offices of physicians||49,359||43,093||14.5%|
|Supermarkets and other grocery stores||47,438||45,746||3.7%|
|Services for the elderly and disabled||41,446||16,608||149.6%|
|Continuing care, assisted living facilities||31,804||23,122||37.5%|
|Nursing care facilities, skilled nursing||31,136||37,689||-17.4%|
Since the recession ended, the industry that has experienced the greatest increase in average weekly pay per employee (as a percent) is Investment banking and securities dealing which has grown 63.7%. The average weekly wage in the Spectator sports industry has grown by 3.5% since the recession. This is the industry with the lowest change in wages amonth the top industries in Wisconsin . The table below illustrates the 10 largest industries and their change in the average weekly wages since the recession:
|Investment banking and securities dealing||$3,431||$2,096||63.7%|
|Commodity contracts brokerage||$2,415||$2,170||11.3%|
|Computer and software merchant wholesalers||$2,098||$1,606||30.6%|
|Electric power generation||$2,051||$1,699||20.7%|
|Offices of physicians||$2,006||$1,783||12.5%|
|Soap and cleaning compound manufacturing||$1,993||$1,878||6.1%|
Please note, during the comparison period the NAICS coding has had changes made to it. For proper comparisons we are only including industries that have NOT been affected by these changes.
The biggest percentage change in the number of businesses has been in businesses with 250 to 499 employees. The number of businesses with this number of employees has grown from 617 to 733, which is an increase of 18.8%.
The smallest percentage change in the number of businesses has been in businesses with 5 to 9 employees. The number of businesses with this number of employees has grown from 26,029 to 27,235, which is an increase of 4.6%.
Table 1: Change in the number of Businesses by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||94,721||81,607||16.1%|
|More Than 1,000 Employees||105||98||7.1%|
The biggest percentage change in the number of employees has been in businesses with 20 to 49 employees. The number of employees in companies this size has grown from 375,938 to 445,466, which is an increase of 18.5%.
The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 172,278 to 179,376, which is an increase of 4.1%.
Table 2: Change in the number of Employees by Size of Business, since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||147,010||133,154||10.4%|
|More Than 1,000 Employees||213,682||195,861||9.1%|
The biggest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $1,056 to $1,468, which is an increase of 39.0%.
The smallest percentage change in the average weekly wage has been in businesses with 20 to 49 employees. The average weekly wage in companies this size has grown from $629 to $786, which is an increase of 25.0%.
Table 3: Change Average Weekly Wage by Size Since the Recession:
|Company Size||Q1 2018||Q1 2010||% Change|
|Fewer than 5 Employees||$858||$661||29.8%|
|More Than 1,000 Employees||$1,468||$1,056||39.0%|
This page, created and maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt Tietjen has spent the bulk of his career working with and using data to grow businesses. As the SVP of Operations at TheStreet and the head of Audience & Product at Purch, data helped us create products and content strategies to grow the businesses. My LinkedIn Profile is here.