Unemployment Rises in Milwaukee
Milwaukee's unemployment rate is still above the national average.
Milwaukee’s unemployment went up in December.
According to data from the Department of Workforce Development unemployment in the City of Milwaukee was 8.3% in December, up from 7.9% in November. Countywide, unemployment was 11.1% up from 10.9% the previous month.
This was not a drastic rise in unemployment. But since September the recovery from the unemployment crisis caused by the pandemic essentially ended.
Last month, the U.S. lost more jobs than it gained for the first time since April, when unemployment skyrocketed as the country shut down to mitigate the spread of COVID-19.
Milwaukee and Milwaukee County continue to experience unemployment rates several percentage points higher than the national average, which was 6.7% last month.
The U.S. continues to see hundreds of thousands more unemployment claims each week than it did before the pandemic hit.
Last week, there were 847,000 initial claims for unemployment insurance. There were 426,856 new claims for Pandemic Unemployment Assistance (PUA), a federal program for those that don’t qualify for traditional state unemployment assistance. Taken together, there were approximately 1.3 million initial unemployment claims last week.
Pandemic Emergency Unemployment Compensation (PEUC) is a federal program that can be accessed when traditional state unemployment insurance is exhausted. It has become a reasonable proxy for whether long-term unemployment is growing. The latest data shows that as of January 9th, more than 800,000 additional people had started claiming PEUC that week.
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