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
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.