Wisconsin Private Sector Employment Hits Record High
The Wisconsin Department of Workforce Development (DWD) recently released preliminary estimates from the federal Bureau of Labor Statistics (BLS) on employment figures for December 2017. Record numbers were reached for total employment and the size of the Wisconsin labor force. Moreover, the state’s unemployment rate dropped to 3 percent, matching the lowest rate on record for the month of December.
Amongst the most significant figures in the report was the addition of 40,200 total non-farm jobs from December 2016 to December 2017. According to the revised BLS estimates for the month of November, Wisconsin added 4,900 private sector jobs from October to November of last year.
In terms of unemployment, the rate decreased 0.2 percentage points from the reported rate of 3.2 percent in November. The national unemployment rate remained unchanged at 4.1 percent.
For the full summary analysis and report from DWD and the BLS, please visit the following link.