WAUKESHA — The 3
percent unemployment rate in December tied for the lowest rate on
record and the number of people employed is at an all-time high,
according to data released Thursday by the Department of Workforce
economy continues to perform exceptionally, with our unemployment
rate decreasing to 3 percent, tied for the lowest rate on record,
and our total labor force and employment once again reaching
all-time highs,” said DWD Secretary Ray Allen in a statement.
released Thursday indicates that the number of individuals employed
in Wisconsin’s private sector set a new record in December and total
employment set another new record. In addition, “the size of the
state’s labor force reached another all-time high and the state’s
unemployment rate dropped to 3 percent, matching the lowest rate on
record and setting a new record for the lowest December unemployment
rate,” according to the release.
based on preliminary data, Wisconsin added 40,200 total nonfarm jobs
and 43,500 private sector jobs from December 2016 to December 2017,
including 11,500 manufacturing jobs.The state also gained 1,300
private sector jobs from November 2017 to December 2017 including
1,200 construction jobs. November private sector jobs gains were
also revised up by 2,100, showing that Wisconsin gained a total of
4,900 private sector jobs from October 2017 to November 2017.
The DWD also
reported that a preliminary seasonally adjusted unemployment rate of
3 percent in December matches the lowest rate on record, and sets a
new record for lowest December unemployment rate.
“As we move
forward, we will continue to develop comprehensive plans and
programs that prepare all individuals, regardless of age, education
and barriers to employment, to enter into one of the thousands of
gainful employment opportunities Wisconsin has to offer,” Allen said
in the statement.