This week, the Department of Workforce Development released the
US Bureau of Labor Statistics (BLS) for August and preliminary
estimates for September. The BLS reported that September's
preliminary unemployment rate dropped to 4.3 percent from last
month at 4.5 and is the lowest it has been since April of 2001.
Our unemployment rate is one percent lower than it was a year
ago and is considerably lower than the national unemployment
rate of 5.1 percent. Additionally, the state's labor force
participation rate of 67.4 percent in September outpaced the
national rate of 62.4 percent.

I would also note that Wisconsin added 45,300 private sector jobs and 53,400 total non-farm
jobs from September 2014 to September 2015. Wisconsin also
realized significant year-over-year gains of 6,500 jobs in
retail, 4,900 jobs in financial activities and 12,800 jobs in
education and health services.
Indicators of the state of Wisconsin's economy include:
Average Initial Unemployment Insurance (UI) claims for the
first 40 weeks of 2015 dropped to the lowest point since 1990,
and the annual average weekly continued UI claims are at their
lowest levels since 2000.
Department of Financial Institutions new business formation:
The number of new business entities formed in Wisconsin in the
first nine months of 2015 grew by 3.4% percent compared to same
period in 2014. As of September 30, 2015, new business filings
totaled 31,062, compared to 30,046 in the same period in 2014.
Chief Executive Magazine ranked Wisconsin the "12th Best State
for Business" in its annual survey of CEO's, an increase of 2
spots over the 2014 ranking, and a big increase over 2010, when
the state ranked 41st.
Centergy Regional
Legislative Roundtable
This week Monday, I attended the Centergy Regional Legislative
Roundtable event in Mosinee.
The event was an open discussion between business leaders,
economic development partners, local officials and state
representatives about legislative issues that impact our
regional economies.
Particularly, we were asked to identify and discuss the specific
initiatives concerning economic development that we supported
and had been working on down in Madison. Two of the main
intiatives I discussed were Broadband Expansion grants and FAB
Labs, which I worked towards as part of the 2015-17 Biennium
State budget.
I
hear from so many people in my district about the importance of
increasing broadband access. This accessibility is detrimental
to businesses and the economy in the northwoods. The Broadband
Expansion Grant Program is administered by the Public Service
Commission (PSC). The program provides reimbursement for
equipment and construction costs incurred while expanding or
improving broadband service in rural areas of the state.
In the 2015-17 Biennial Budget, the dollars for these
grants tripled from $500,000 to $1.5 million each year.
Fabrication Labs or FAB Labs, are a new an innovative way to
introduce students to fabrication, manufacturing, and
technology. In the
2015-17 budget, a $500,000 grant was created for school
districts to buy the necessary equipment for the
state-of-the-art computer and manufacturing curriculum
associated with the Fab Lab.
The Fab
Lab
initiative began as an outreach project at the Massachusetts
Institute of Technology (MIT) and has now expanded around the
country and internationally. Fab Labs introduce students of all
ages to STEM (Science, Technology, Engineering, and Math)
technology and encourage development of digital and technical
manufacturing skills. Several Wisconsin school districts have
already implemented Fab Labs with great success, including Three
Lakes and Stoughton. A new Fab Lab is also being opened in
Florence County at the beginning of November.

I
was joined at this event by Representative Joan Ballweg
(R-Markesan), Representative John Spiros (R-Marshfield), Rep.
Bob Kulp (R-Stratford), Rep. James Edming (R-Glen Flora),
Senator Tom Tiffany (R-Hazelhurst), and Senator Jerry Petrowski
(R-Marathon).
Click
here to view a short video of the Centergy Event.