Wisconsin adds 7,200 private-sector jobs in August

Freeman Staff

Sept. 17, 2015

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 since 2000.

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.