The Madison area has experienced strong job growth during the past decade, driven by gains in the technology sector, according to a new report.
Between 2008 and 2018, Madison added 54,000 jobs overall, or about 16% growth, according to the nonpartisan Wisconsin Policy Forum.
The report reflects a shift in Madison and across the state toward jobs with higher wages and underscores the effect Madison’s highly educated workforce has on attracting job growth.
About 45% of Madison residents 25 and older have a bachelor’s degree or higher, compared with 35% in the Milwaukee area and 27% in the Green Bay area.
Madison’s job growth in the wake of the Great Recession was fueled particularly by the high-paying technology sector. In computer and mathematical occupations, for example, jobs more than doubled in the past 10 years, outpacing the growth in the technology sector in other Wisconsin metropolitan areas and in the state as a whole.
Overall, the number of computer and mathematical jobs during the past decade in Wisconsin grew nearly 50%. The number in Milwaukee increased 26%, and the number in Green Bay grew 56%.
Tech-sector job growth in the Madison area comes as high-paying jobs across the state have generally grown at a faster pace than lower-paying occupations. According to the Policy Forum report, employment in the 11 highest-paying occupations, with median wages of at least $42,000 a year, increased by 114,870 jobs since 2008, while employment in the 11 lowest-paying occupations, with median annual wages of less than $42,000, has declined by 42,990 jobs.