BLS Data: Wisconsin’s Unemployment Rate Falls Below 3.0%
MADISON – The Department of Workforce Development today released the U.S. Bureau of Labor Statistics (BLS) preliminary job totals for April 2024, which showed a decrease in the state’s unemployment rate.
Preliminary employment estimates for April 2024 showed Wisconsin’s seasonally adjusted unemployment rate ticked down to 2.9%, a full percentage point below the national rate. Wisconsin’s labor force participation rate for April 2024 remained at 65.6%, 2.9 percentage points above the national labor force participation rate of 62.7%.
- Place of Residence Data: Wisconsin’s April 2024 preliminary unemployment rate fell to 2.9% from 3.0% in March. The labor force decreased 500 over the month, to 3,139,500. The number of people employed increased 600 over the month, to 3,047,700. The number of unemployed people decreased 1,300 over the month, to 91,700.
- Place of Work Data: Total nonfarm jobs increased 900 over the month and increased 24,100 over the year, to 3,035,300 in April. Wisconsin added 1,000 private sector jobs over the month, to 2,623,900 jobs. Health care and social assistance jobs grew significantly over the year, adding 10,800 jobs. As of April 2024, the sector has 420,100 jobs.
The data included in today’s release can be accessed at Wisconomy.com.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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