MADISON - Data
released by the Department of Workforce Development on Thursday
showed that Wisconsin’s unemployment rate dropped further to 4.2
percent in November, based on information from the U.S. Bureau of
The rate of 4.2
percent for November is the lowest in the state since March 2001,
according to the DWD. In October, the unemployment rate was 4.3
percent. Both rates are lower than the average national unemployment
rate, which is 5 percent.
2015 rate is also significantly lower than the rate was in November
2014 when it was 5.2 percent, according to the Thursday’s data.
The DWD also
reported that Wisconsin’s labor force participation rate was 67.8
percent in November, which was better than the national rate of 62.5
Wisconsin added 33,400 private sector jobs and 29,900 total non-farm
jobs from November 2014 to November 2015. Private sector job numbers
for the month of October were revised to 16,600, marking October
2015 as the best month of net job growth dating back to April of
1992 and the best October since 1990, according to the DWD.
preliminary numbers released Thursday show a loss of 3,800 private
sector jobs from October 2015 to November 2015. The DWD said that
number is not considered significant and is well within the margin
showing that Wisconsin had the best October for job growth in 23
years, and a labor force participation rate over 5 percent higher
than the national rate in November, it is obvious that Wisconsin is
working again,” said DWD Secretary Reggie Newson in a statement.