State’s unemployment remains unchanged at 4.6% in June

By Katherine Michalets - Freeman Staff

July 16, 2015

MADISON — The unemployment rate in Wisconsin remained at 4.6 percent in June — the same as May’s rate and lower than the national rate of 5.3 percent.

The Department of Workforce Development released data Thursday from the U.S. Bureau of Labor Statistics that showed the unemployment rate in June was 0.8 percentage points less than it was in June 2014 when the rate was 5.4 percent. Additionally, Wisconsin’s labor force participation rate of 67.6 percent in June outpaced the national rate of 62.6 percent.

According to the report, Wisconsin added 38,300 total non-farm jobs and 36,200 private sector jobs from June 2014 to June 2015 (seasonally adjusted). In addition, the state had year-over-year gains of 8,100 jobs in manufacturing, 4,200 jobs in financial activities and 8,200 jobs in health care and social assistance.

“Our economic future depends on the availability of highly skilled and well-trained workers to fill jobs that are available in many industries across the state,” said DWD Secretary Reggie Newson in a statement.

The DWD also reported Thursday that based on data from the Wisconsin Department of Revenue, Wisconsin was one of 16 states with a below-average unemployment rate in May and above-average income growth in 2014 using per-capita disposable income.

Average Initial Unemployment Insurance claims for the first 28 weeks of 2015 dropped to the lowest point since 1990, and the annual average weekly continued UI claims are at their lowest levels since 2000, according to the report.

New business entities also grew during the first sixth month of 2015. According to Thursday’s announcement, the formation of new businesses increased by 3.4 percent during the first half of 2015 compared to same period in 2014. As of June 30, new business filings totaled 21,379, compared to 20,675 in the same period in 2014.

http://dwd.wisconsin.gov