The U.S Department of Labor has released the detailed employment numbers for June for the State of WI. They reported that Wisconsin\’s Unemployment Rate increased once in June again up to 7.0%. The June rise was the second consecutive month with a rate increase. Also, Wisconsin\’s unemployment rate is now higher (by 0.1%) than January\’s 6.9%. The net impact of the monthly increase was approximately 6,800 more people unemployed in WI than in May 2012. Also, there were approximately 8,000 less people employed and a decrease of 1,000 in the overall civilian labor force in WI in June.
One year ago the WI unemployment rate was at a much-higher 7.6%. This major decrease in just one year has meant that there are over 18,000 fewer unemployed people in WI compared to June 2011. Also, compared to a year ago, there are around 32,000 more individuals employed in the state of WI. These big changes, along with a rise in the overall workforce, caused thesignificant improvement in the unemployment rate over the past year. Lastly, Wisconsin\’s rate is still lower when compared to the U.S. average unemployment rate of 8.2%.
When comparing WI business sectors month-over-month, we see that June was a difficult month of most. Just a few industries enjoyed improvements in their employment numbers. These included Education & Health Service and Information. Industries that had a decrease for the month were Manufacturing, Financial Activities, Construction, Leisure & Hospitality, Other Services, and Government.
Since the Department of Labor also reports employment statistics for many of the larger metro areas in WI we can dig deeper into the results. Similar to the business sector statistics, most cities had a rise in their unemployment rates in June 2012. Several cities experienced full percentage point increases for the month, including Janesville (9.4%), Eau Claire (7.1), and Racine (9.2%). Appleton had it\’s unemployment rate go from 6.1% in May to 6.8% in June. Though still an overall low rate for the state, Madison\’s June unemployment rate also went up to 5.5%. Also up for the month were Wausau (7.7%), Sheboygan (7.2%), and La Crosse (5.9%). Additionally, the major metro area of Milwaukee also rose to a 2012-high of 8.3%.
When compared to other states in the area for the month, WI continues to be (roughly) in the middle. The States of Minnesota (5.6%) and Iowa (5.1%) once again continue to have lower rates than WI. However, the States of Michigan (8.6%) and Illinois (8.7%) are still quite a bit higher than Wisconsin in June 2012.
When the Department of Labor publishes the Wisconsin July 2012 employment numbers and statistics later this Summer, we\’ll once again review and analyze the data. As always, remember that employment numbers can be altered after publication. If that happens the numbers used in this article may change as well.
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WI June 2012 Unemployment Trends and Analysis
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