Dept. of Workforce Development: BLS Data: Wisconsin’s unemployment rate in April ties record low 2.8%

MADISON – The Division of Workforce Growth (DWD) right now launched the U.S. Bureau of Labor Statistics (BLS) preliminary, seasonally adjusted employment estimates for the month of April 2022. The info exhibits that Wisconsin’s preliminary unemployment charge held regular to tie the file low of two.8 p.c from March, as job development and labor power development continued.

• Place of Residence Knowledge: Wisconsin’s labor power participation charge was 66.5 p.c in April, unchanged from March, and 4.3 share factors larger than the nationwide charge of 62.2 p.c for April. Wisconsin’s unemployment charge in April was 2.8 p.c, tying the file low set in March and 0.8 share factors under the three.6% nationwide unemployment charge for April.
• Place of Work Knowledge: Wisconsin complete nonfarm jobs elevated by 2,700 from March to April 2022 whereas private-sector jobs elevated by 3,100 over the identical interval.

The labor power additionally expanded over the month whereas the variety of folks employed reached a brand new excessive. The state’s gross home product reached a file excessive of $306.7 billion within the fourth quarter of 2021.

“Wisconsin’s preliminary unemployment charge of two.8% in April 2022 has tied the file from March and demonstrates the continued power of the statewide restoration amongst industries starting from development and manufacturing to retail commerce and meals service,” stated DWD Secretary-designee Amy Pechacek. “DWD is keen to assist job seekers and employers join via any one of many state’s in-person job facilities or via the JobCenterofWisconsin.com web site.”

Right this moment’s full report might be seen on DWD’s premier supply for labor market data, WisConomy.com.