Wisconsin’s unemployment rate decreased to 4.6 percent during
the month of March — its lowest level since June 2008, according
to preliminary data released Thursday by the U.S. Bureau of
Labor Statistics. The unemployment rate for February was 4.8
Nationally the unemployment rate was higher in March at 5.5
Also according to the data, Wisconsin’s labor force
participation rate of 68.4 percent was stronger than the
national rate of 62.7 percent by 5.7 percentage points. The
difference was 5.8 percentage points in February 2015. These
recent margins are the strongest they have been when compared to
the nation since 2004, according to the Thursday announcement.
When comparing March 2014 to March 2015, Wisconsin added 53,200
total non-farm jobs and 48,200 private sector jobs. In addition,
other statistically significant changes include a year-over-year
gain of 8,000 jobs in construction, 8,600 jobs in manufacturing,
and 4,700 jobs in financial activities, according to U.S. Bureau
of Labor Statistics, with Wisconsin’s private-sector job totals
remaining above pre-recession levels.
“In addition, the statistically significant year-over-year job
increases across multiple sectors are positive economic
indicators that we are on a long-term path to advance a
Wisconsin that supports greater freedom and prosperity,”
Department of Workforce Development Secretary Reggie Newson said
in a statement.