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Montana Labor Trends

Montana Labor Trends. Bureau of Business and Economic Research Annual Economic Outlook - Helena January 29, 2013 Barbara Wagner Chief Economist bwagner@mt.gov. Montana and U.S. Unemployment Rate. U.S. Montana Recession. 5.7%.

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Montana Labor Trends

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  1. Montana Labor Trends Bureau of Business and Economic Research Annual Economic Outlook - Helena January 29, 2013 Barbara Wagner Chief Economist bwagner@mt.gov

  2. Montana and U.S. Unemployment Rate U.S. Montana Recession 5.7% Source: Local Area Unemployment Statistics from MT DLI and the Current Population Survey from BLS

  3. Montana Payroll Employment and Wage Growth over Prior Year Wages Employment Source: Quarterly Census of Employment and Wages, Montana Department of Labor and Industry (MT DLI), Bureau of Labor Statistics (BLS)

  4. Montana Payroll Employment and Wage Growth over Prior Year Official Recession Start First Greek Bailout Bear Sterns Collapse Official Recession End Stock Market Crash Wages Employment Source: Quarterly Census of Employment and Wages, Montana Department of Labor and Industry (MT DLI), Bureau of Labor Statistics (BLS)

  5. Montana Average Annual Wages GROWTH WAGE Source: Quarterly Census of Employment and Wages, BLS, and MT DLI

  6. Real Montana Average Annual Wages WAGE GROWTH Source: Quarterly Census of Employment and Wages, BLS, and MT DLI

  7. Industry Employment and Job ChangeRecession (2008 Q2 to 2010 Q2) and Recovery (2010 Q2 to 2012 Q2) Bus. Serv. N.R. Other Source: Quarterly Census of Employment and Wages, BLS and MT DLI, Data from 2nd Quarter 2008, 2010 and 2012

  8. 2012 Unemployment Rates by Region Source: Local Area Unemployment Statistics, BLS and MT DLI. Preliminary data through Dec. 2012

  9. Job Change by Region 2007 to 2012, Projected 2013-2020 Northwest Southwest North Central South Central Eastern Source: LAUS, BLS and MT DLI

  10. Montana’s American Indian Reservations, 2010 to 2011 Source: MT DLI Reservation Employment Estimates

  11. Take Away Points • Montana’s economy doing well despite challenges. • Unemployment headed down for 1.5 years. • Employment growth for two years. • Nearly all private industry has job growth. • All regions have job growth. • Real wage growth improving our standard of living. • Remaining Challenges for our Future • Unemployment remains high in Northwest and in Reservation Areas.

  12. More Information atwww.ourfactsyourfuture.org Barbara Wagner, Chief Economist Montana Department of Labor and Industry 406-444-5474 bwagner@mt.gov

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