MADISON — The number of
private-sector jobs in Wisconsin grew by 7,200 during the month of
August compared to July, according to data released Thursday by the
Department of Workforce Development.
The state also added 47,600
total non-farm jobs from August 2014 to August 2015 (seasonally
adjusted) based on the report, which uses data from the U.S. Bureau
of Labor Statistics. In addition, Wisconsin had year-over-year gains
of 7,200 jobs in manufacturing, 5,400 jobs in financial activities
and 12,800 jobs in education and health services.
The unemployment rate in August
was 4.5 percent in August, which is a small decrease from the rate
of 4.6 percent in July in Wisconsin. In addition, the state’s labor
force participation rate of 67.4 percent in August was stronger than
the rate of 62.6 percent nationally.
“With a higher labor force
participation rate and lower unemployment rate than the nation,
Wisconsin also continues to experience robust hiring and employment
activity,” said Secretary Reggie Newson in a statement.
The DWD also reported Thursday
that the average initial unemployment insurance claims for the first
37 weeks of 2015 dropped to the lowest point since 1990, and the
annual average weekly continued UI claims are at their lowest levels
The number of new businesses
created in Wisconsin during the first eight months of the year
increased by 3.5 percent when compared to the same period in 2014,
according to the report. As of Aug. 31, new business filings totaled
27,900, compared to 26,945 in the same period in 2014.