Local News

5-19-23 wisconsin unemployment rate hits record low

todayMay 18, 2023

The Department of Workforce Development says preliminary employment estimates for the month of April showed Wisconsin’s seasonally adjusted unemployment rate dropped to a record low of 2.4%.  The total number of unemployed people dropped by 3,700 over the month of April and 13,300 over the year to a new record low of 72,900.   In addition, total seasonally adjusted nonfarm jobs increased 3,800 over the month of April and 51,500 year-over-year to hit a new record high of 3,003,600. The total jobs number puts the state 9,600 jobs above the pre-COVID-19 peak in January 2020.  Wisconsin’s record low unemployment rate of 2.4% for April is down 0.1 percentage points from  the  March rate of 2.5%, which was the previous record low.

Written by: Radio Plus

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