Wisconsin's unemployment rate rose 0.3% in July 2012 to 7.3%. This is the fourth straight month with an increase and it's the highest rate for the state since October 2011. It's also the biggest monthly increase since a 0.4% increase all the way back in April 2009. The impact of this big jump is that there are around 8,000 more unemployed workers in Wisconsin for July. There are also around 15,000 fewer workers employed in WI for the month. However, Wisconsin's unemployment rate is still 1% better than the national average of 8.3%.
Even with the big rise in July, the current rate is still lower than the July 2011 rate of 7.6%. Year-over- year, there are approximately 9,400 fewer unemployed people in WI. Also, during the past year the total labor force has gone up by around 9,800 and the number of people employed in the state has increased by 19,000. Taken together these statistics result in a 0.3% decrease in the unemployment rate in WI.
Another set of data we can look at are the individual unemployment rates for many of Wisconsin's metropolitan areas. In the month of July 2012, almost all of the metro areas in Wisconsin showed lower unemployment rates. The City of Appleton's rate fell for the month from 6.8% to 6.6%. Milwaukee fell to 8.2% from 8.4% in June. The Eau Claire Area dropped to 6.9% in July from 7.0% in June. Green Bay was also improved, falling from 7.0% to 6.8%, as was the City of Janesville, dropping 0.5% to 8.9%. The City of Madison went from 5.6% to 5.4% and remained the lowest metro rate in WI. Racine's rate remained static for July at 8.2%.
Another method of reviewing employment statistics for the state is to look at the metrics by industry. For Wisconsin, Manufacturing, Information, and Other Services also had employment gains for the month of July. The industries of Education & Health Services, Leisure & Hospitality, Government, Construction, and Trade Transportation and Utilities all saw employment decreases for the month.
Wisconsin continues to be about average when compared to other states in the area. State with higher unemployment rates than Wisconsin include Indiana (8.2%), Illinois (8.9%), and Michigan (9.0%). States with a lower rate were Minnesota (5.8%) and Iowa (5.3%). However, all these states experienced higher unemployment rates in July.
The August 2012 employment numbers for Wisconsin will be published later this month. We'll once again review the data for the State of WI, it's cities, and industries. Please note that previously released employment statistics can be adjusted at a later date.
Even with the big rise in July, the current rate is still lower than the July 2011 rate of 7.6%. Year-over- year, there are approximately 9,400 fewer unemployed people in WI. Also, during the past year the total labor force has gone up by around 9,800 and the number of people employed in the state has increased by 19,000. Taken together these statistics result in a 0.3% decrease in the unemployment rate in WI.
Another set of data we can look at are the individual unemployment rates for many of Wisconsin's metropolitan areas. In the month of July 2012, almost all of the metro areas in Wisconsin showed lower unemployment rates. The City of Appleton's rate fell for the month from 6.8% to 6.6%. Milwaukee fell to 8.2% from 8.4% in June. The Eau Claire Area dropped to 6.9% in July from 7.0% in June. Green Bay was also improved, falling from 7.0% to 6.8%, as was the City of Janesville, dropping 0.5% to 8.9%. The City of Madison went from 5.6% to 5.4% and remained the lowest metro rate in WI. Racine's rate remained static for July at 8.2%.
Another method of reviewing employment statistics for the state is to look at the metrics by industry. For Wisconsin, Manufacturing, Information, and Other Services also had employment gains for the month of July. The industries of Education & Health Services, Leisure & Hospitality, Government, Construction, and Trade Transportation and Utilities all saw employment decreases for the month.
Wisconsin continues to be about average when compared to other states in the area. State with higher unemployment rates than Wisconsin include Indiana (8.2%), Illinois (8.9%), and Michigan (9.0%). States with a lower rate were Minnesota (5.8%) and Iowa (5.3%). However, all these states experienced higher unemployment rates in July.
The August 2012 employment numbers for Wisconsin will be published later this month. We'll once again review the data for the State of WI, it's cities, and industries. Please note that previously released employment statistics can be adjusted at a later date.
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