January’s unemployment lowest since August 2008

Special to The Freeman

March 5, 2015

MADISON — The Department of Workforce Development on Thursday reported that Wisconsin’s unemployment rate dropped to 5 percent in January, the state’s lowest level since August 2008.

The report was based on preliminary numbers from the U.S. Bureau of Labor Statistics. The preliminary seasonally adjusted unemployment rate of 5 percent for January is a decrease from 5.2 percent in December and 6 percent in January 2014. The national unemployment rate is 5.7 percent.

Wisconsin added an estimated 40,800 private sector jobs from January 2014 to January 2015, for a total of 139,000 private sector jobs added since December 2010, according to the report. Manufacturing increased positions by an estimated 11,600 jobs during the year and 35,800 manufacturing jobs since December 2010. Construction also showed growth with an estimated 9,300 jobs added during the year and 16,900 construction jobs since December 2010.

“The numbers released today show that Wisconsin’s economy continues to add good-paying, middle-class jobs. It is evident that the investments we are making to develop the workforce and grow the state’s economy are creating opportunities and moving our state in the right direction,” Secretary Reggie Newson said in a statement.