Place of Residence Data: Wisconsin's unemployment rate was 2.9% in August. The number of unemployed people increased 8,400 over the month and decreased 5,400 over the year to 89,500. The labor force gained 8,800 workers over the month for a total labor force of 3,133,500. The number of Wisconsinites employed increased 300 in August for a total of 3,044,000 employed. • Place of Work Data: Total nonfarm jobs increased 5,700 in August to a new high of 3,012,400, an annual increase of 32,800. Private sector jobs increased by 6,600 over the month and 34,300 over the year. Healthcare and social assistance jobs grew 2,600 over the month and 12,900 over the yearNice spin on that "number of unemployed" number. What's not mentioned is that the state's unemployment rate went up, from 2.6% to 2.9%, because very few of the new entrants to the state's work force were able to find jobs last month.
Saturday, September 16, 2023
Wisconsin jobs and unemployment up in August
We got another update on the Wisconsin jobs market situation this week, and it gave an odd mixture of information.
Posted by Jake formerly of the LP at 9:19:00 AM