DWD: Wisconsin unemployment rate at lowest point since 2008

Freeman Staff

Oct. 17, 2014

MADISON - Data released Thursday from the state Department of Workforce Development shows Wisconsin’s unemployment rate fell slightly in September, from 5.7 percent down to 5.5 percent.

“The state’s unemployment rate has reached a new post-recession low at 5.5 percent,” DWD Secretary Reggie Newson said. “These and other indicators show Wisconsin’s economy is growing stronger, which is great news for job creators and working families.”

That rate is the lowest since October 2008 and the 8,400 private-sector jobs created last month were the most of any September since 2003, according to a release from Gov. Scott Walker. The month of September’s private sector job gains were also the second best since 1994.

The national unemployment rate as of September stands at 5.9 percent.

According to the DWD, 5,800 new jobs are in educational & health services, while another 1,100 came in leisure & hospitality. Monthly estimates, according to Walker’s campaign, show more than 30,000 manufacturing jobs have been created since he took office, placing Wisconsin at fifth in the nation.

State Assembly District Rep. David Craig, R-Town of Vernon, said Thursday’s news proves Wisconsin is continuing to move in the right direction.

“By enacting crucial structural reforms we have achieved the lowest unemployment rate since 2008,” he said. ”Over the last four years, Republicans have built a solid foundation for the future of Wisconsin’s private-sector and we have no interest in returning to those failed policies of the past. I look forward to working with my legislative colleagues and Gov. Walker to continue to build upon this progress.”