Wisconsin’s unemployment rate remains at 4.3% in October

Freeman Staff

Nov. 19, 2015

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.”