12/3 Unemployment Rates Dip Across the State in October

The Wisconsin Department of Workforce Development released late last week the U.S. Bureau of Labor Statistics estimates of unemployment and employment statistics for metro areas, major cities and counties in the state of Wisconsin. Preliminary October 2013 unemployment rates decreased in 11 of 12 metro areas, compared to rates in September 2013, and either decreased or remained the same in 11 of 12 metro areas compared to rates in October 2012. West Bend’s unemployment rate in October was 7.2 percent, slightly lower than the 7.3 percent figure for September. In August, the unemployment rate for West Bend stood at 7.7 percent. Racine has the highest rate of unemployment for October at 11.7 percent. Madison has the lowest unemployment rate in October at 4.1 percent. Nearby Menomonee Falls has the second lowest rate at 4.6 percent. Overall compared to October 2012, rates decreased in 24 municipalities and increased in just eight.  Highlights of state-by-state employment estimates that the BLS released last week for October 2013 include: Wisconsin manufacturing jobs grew by 2.1 percent year over year, ranking 6th highest in growth rate among states.  Wisconsin's private nonfarm job totals grew by 1.8 percent year over year, ranking 20th highest in the nation. Wisconsin's unemployment rate decline to 6.5 percent rate is significantly below the US average and is Wisconsin's lowest rate since December 2008.
 
 
Filed Under :
Topics : Business_FinanceLabor
Location : Wisconsin
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