Welcome To The Prescott Journal!...Wisconsin's Oldest Independent Community Newspaper Since 1855!

SUBSCRIBE TODAY!

SUBSCRIBE TODAY!
Call (715) 941-4842 or email: ads@prescottjournal.net

Tuesday, July 12, 2016

Area unemployment rates go below four percent



MADISON - On June 22nd, the Wisconsin Department of Workforce Development (DWD) announced the preliminary May 2016 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 3.4%. For comparison, St. Croix’s final rate for April was 3.9% and March’s final rate was 4.9%. One year ago, the county’s unemployment rate was estimated at 3.7%.

St. Croix, Pierce, Polk, and Dunn counties comprise Wisconsin’s Greater St. Croix Valley. In addition to St. Croix referenced above, Pierce County’s preliminary rate in May was estimated at 3.8%. Polk’s rate was 3.9% and Dunn’s rate was 4.1%. All counties had lower rates compared to April 2015, and except for Dunn, all the counties had lower unemployment rates compared to May 2015.

St. Croix and Pierce counties are included in the 16-county Minneapolis-St. Paul-Bloomington MN-WI metro area. The May 2016 unemployment rate for the Twin Cities was estimated at 3.1%, which is lower than April’s final rate of 3.4% and March’s final rate of 4.0%. The unemployment rate in the Twin Cities was 3.4% in May 2015.

DWD said preliminary unemployment rates for May decreased or remained the same in all 72 counties compared to April 2016 and decreased in 71 of the 72 counties compared to May 2015. The current rates ranged from 2.9% in Dane County to 7.7% in Menomonee.

The May 2016 preliminary unemployment rates decreased or remained the same in 31 of Wisconsin’s 32 municipalities with population bases of least 25,000 residents compared to April 2016 and decreased in all 32 compared to May 2015. The May 2016 rates ranged from 2.8% in Fitchburg to 5.9% in Racine.

Dane County had the lowest rate in May at 2.9% followed by Lafayette (3.0%), Calumet (3.1%), Trempealeau (also at 3.1%) and Green (3.2%). Menomonee County had the highest rate in May at 7.7%, followed by Iron (7.4%), Bayfield (6.0%), Florence (5.8%), and Sawyer (5.5%).

The preliminary (seasonally adjusted) unemployment rate for Wisconsin in May was estimated at 4.2%, which is lower than April’s final rate of 4.4% as well as the final rate of 4.5% for March. One year ago, the state’s seasonally adjusted rate was 4.6%.

The preliminary (seasonally adjusted) unemployment rate in Minnesota in May was estimated at 3.8%, which is the same as the final rates for April and March. Minnesota’s seasonally adjusted rate one year ago was 3.6%.

The preliminary (seasonally adjusted) unemployment rate in the U.S. for May was estimated at 4.7%, which is lower than the 5.0% final rate for both April and March. One year ago the U.S. rate was estimated at 5.5%.

Wisconsin’s preliminary (seasonally adjusted) labor force participation rate for May 2016 was estimated at 68.7%, which is lower than the final rate of 68.8% both April and March. One year ago, Wisconsin’s labor force participation rate was 67.9%. The preliminary (seasonally adjusted) labor force participation rate for the U.S. in May 2016 was 62.6%, which is lower than April’s final rate of 62.8% and March’s final rate of 63.0%. One year ago, the labor force participation rate in the U.S. was 62.8%.

Blog Archive