MADISON — Wisconsin added
15,100 private-sector jobs in October and the unemployment rate
held at 4.3 percent, according to data released Thursday by the
Wisconsin Department of Workforce Development based on
information from the U.S. Bureau of Labor Statistics.
According to the report, in
addition to the 15,100 private-sector jobs the state added last
month, 16,100 total non-farm jobs were gained from September
2015 to October 2015.
“The addition of 15,100
private-sector jobs over the month is the largest one-month gain
since April 1992, based on publicly available data,” according
to the report. Also in October, manufacturing gained 2,500 jobs,
while financial activities added 1,400 positions, professional
and business services went up 5,000 jobs and education and
health services gained another 3,900 positions.
The preliminary seasonally
adjusted unemployment rate of 4.3 percent for October was the
same as the rate for September, according to the DWD. That rate
remains below the national unemployment rate of 5 percent for
October and below the Wisconsin’s rate of 5.3 percent in October
2014. The state's October rate is still the lowest for the month
since April 2001, when the rate was 4.3 percent, the DWD said.
In October, Wisconsin’s
labor force participation rate was 67.6 percent, which was
better than the national rate of 62.4 percent.
“With the largest one-month
gain in private-sector jobs since 1992, Wisconsin employers are
creating more opportunities for thousands of current and new
workers to support themselves and their families,” said DWD
Secretary Reggie Newson in a statement. “With significant job
gains across various industry sectors, an unemployment rate of
4.3 percent and a state labor force participation rate that is
more than 5 points higher than the nation's, Wisconsin continues
to be a land of opportunity for our world-class workforce.”