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Wednesday, October 7, 2015

Unemployment continues to drop in St. Croix Valley region



MADISON - Back on September 23rd, the Wisconsin Department of Workforce Development (DWD) announced the preliminary August 2015 unemployment rates for Wisconsin’s 72 counties and the 32 cities with populations greater than 25,000 residents. 

St. Croix County’s rate was estimated at 3.1%. For comparison, St. Croix’s final rate for July was 3.5% and the final rate for both June and May was 3.8%. One year ago, the county’s unemployment rate was estimated at 4.1%. Pierce County’s unemployment rate was at 3.1 percent while the rate for Dunn and Polk counties were both at 3.7 percent.

St. Croix’s rate was the seventh-lowest in the state. Dane County had the lowest rate at 2.7% followed by Calumet (2.9%), Green (3.1%), Iowa (also at 3.1%) and Pierce (also at 3.1%). Menominee County had had the highest rate in August at 10.7%, followed by Iron (7.6%), Bayfield (6.5%), Forest (6.4%), and Sawyer (6.1%).

St. Croix, Pierce, Polk, and Dunn counties comprise Wisconsin’s Greater St. Croix Valley. Pierce referenced above, Dunn and Polk County’s preliminary rate in August were estimated at 3.7%. All four counties had lower unemployment rates compared to August 2014 as well as July 2015.

St. Croix and Pierce counties are included in the 16-county Minneapolis-St. Paul-Bloomington MN-WI metro area. The August 2015 unemployment rate for the Twin Cities was estimated at 3.3%, which is lower than the final rate of 3.7% for July and June’s final rate of 3.8%. The unemployment rate in the Twin Cities was 3.6% in August 2014.

DWD said unemployment rates decreased in all 72 counties compared to August 2014. The rates ranged from 2.7% in Dane County to 10.7% in Menominee. The August 2015 preliminary unemployment rates decreased in all of Wisconsin’s 32 municipalities with population bases of least 25,000 residents compared to August 2014. The August 2015 rates ranged from 2.7% in Madison and Sun Prairie to 6.6% in Racine.

The preliminary (seasonally adjusted) unemployment rate for Wisconsin in August was estimated at 4.5%, which is lower than the 4.6% final rate for both July and June. One year ago, the state’s seasonally adjusted rate was 5.3%.

The preliminary (seasonally adjusted) unemployment rate in Minnesota in August was estimated at 4.0% which is the same as July’s final rate, but higher than June’s final rate of 3.9%. Minnesota’s seasonally adjusted rate one year ago was 3.7%.

The preliminary (seasonally adjusted) unemployment rate in the U.S. for August was estimated at 5.1%, which is lower than the final rate of 5.3% in July and  June’s final rate of 5.5%. One year ago the U.S. rate was estimated at 6.1%.

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