posted on October 28, 2015
(Rock County, WI) The County's economy, as reported by today's release of the Q3 2015 Rock Ready Index, continues to gain positive momentum. Highlights from the Q3 report include the following:
Unemployment Rates, as measured by annual averages, are at their lowest rates in 10 years. Meanwhile, job postings – which have exceeded 20,000 for 10 out the last 15 quarters – continued to signal an active and a very competitive employment market.
Average sale prices and the number of residential sales throughout Rock County continue to rise, as Q3 2015’s price points and transactions reached their highest levels in nine years.
Sales tax collections for the County continued to climb, as Q3 2015 set another new record at $3.2 Million. Compared to Q2 and Q3 collections for this year, the current quarterly figure is 8% and over 19% higher, respectively.
Energy consumption, as measured by the number of meters and usage, remained strong. Even when factoring seasonality into the equation, economic activities linked to various industry sectors are continually driving these figures.
The Rock Ready Index (RRI) is a quarterly economic development dashboard compiled and distributed by the Rock County Development Alliance. The RRI covers four topical areas: Workforce (Job Postings and Unemployment Rates), Real Estate (Residential, Commercial or Industrial) Trends, Sales (Tax Collection) Activities and Energy Consumption (Meters & Usage). Each Index also includes a Project Profile section, which highlights project specific news during a given quarter.
For additional information, visit www.RockCountyAlliance.com .