LABOR FORCE |
Indicator 4 |
Marathon County has a declining labor force. As a result of lack of population growth combined with an already aging population, Marathon County's labor growth has also come to standstill.
Part of the challenge for Marathon County is an economy driven by the traditional industries of manufacturing and agriculture. The Wausau region was affected deeply by the Great Recession since many local manufacturers make supplies and products upstream of the real estate and construction industries, two of the hardest-hit sectors of the U.S. economy.
The County’s most recent unemployment rate is under 3 percent, significantly lower than the U.S. rate of 4.2 percent and a historic low compared to the county’s unemployment rate since 2007. In addition, the County’s labor participation rate (people aged 16 and over that are working or looking for work) is 69 percent, higher than the U.S. rate of 63 percent.
County: Marathon Unemployed Workers in Civilian Labor Force
County: Marathon Unemployed Workers in Civilian Labor Force
2.5%
(January 2024)
Compared to:
WI Counties
The distribution is based on data from 72 Wisconsin counties.
U.S. Counties
The distribution is based on non-seasonally-adjusted data from 3,140 U.S. counties and county equivalents.
WI Value
(2.8%)
The regional value is compared to the Wisconsin State value.
US Value
(4.1%)
The regional value is compared to the national value.
Prior Value
(2.6%)
Prior Value compares a measured value with the previously measured value. Confidence intervals were not taken into account in determining the direction of the comparison.
Trend
This comparison measures the indicator’s values over multiple time periods.<br>The Mann-Kendall Test for Statistical Significance is used to evaluate the trend<br>over 4 to 10 periods of measure, subject to data availability and comparability.