Wisconsin's unemployment rate rose 0.3% in July 2012 to 7.3%. This is the fourth straight month with an increase and it's the highest rate for the state since October 2011. It's also the largest monthly increase since a 0.4% increase all the way back in April 2009. The effect of this big jump is that there are roughly 8,000 more unemployed people in Wisconsin for July. There are also approximately 15,000 fewer people employed in WI for the month. However, Wisconsin's unemployment rate is still 1% lower than the national average of 8.3%.
Wisconsin's July 2012 unemployment rate is still better than a year ago when the rate was up to 7.6%. Compared to July 2011, there are approximately 9,400 fewer unemployed individuals in Wisconsin. During that time, the total civilian labor force has also increased by around 9,800. Additionally, the number of people employed in Wisconsin has increased by just over 19,000. The impact of these statistics is the 0.3% decrease in the unemployment rate in WI for the year.
Somewhat unexpectedly, the story is different when we look at the individual unemployment rates for many of Wisconsin's metro areas. Almost all of the metropolitan areas reported on by the DOL showed improvements in their unemployment rates in July. The City of Appleton's rate fell for the month from 6.8% to 6.6%. The Eau Claire Area also fell to 6.9% in July from 7.0% in June. Green Bay was also improved, falling from 7.0% to 6.8%, as was the City of Janesville, dropping 0.5% to 8.9%. The City of Madison went from 5.6% to 5.4% (and remained a state-low rate). The major city of Milwaukee fell to 8.2% from 8.4% in June. Racine's rate remained flat for July at 8.2%.
Another method of reviewing employment numbers for the state is to look at the metrics by business sector. For Wisconsin, Manufacturing, Information, and Other Services also had employment gains for the month of July. The industries of Education & Health Services, Leisure & Hospitality, Government, Construction, and Trade Transportation and Utilities all saw employment decreases for the month.
Most of the other state in the Midwest also had their unemployment rates go up in July. States in the region with higher rates than Wisconsin include Illinois (8.9%), Indiana (8.2%), and Michigan (9.0%). Neighboring states with a lower rate were Minnesota (5.8%) and Iowa (5.3%).
The Department of Labor will release the August 2012 employment statistics later this Summer. When they do we'll once again review the data for the State of WI, it's cities, and industries. Note that previously released employment statistics can be updated at a later date.
Wisconsin's July 2012 unemployment rate is still better than a year ago when the rate was up to 7.6%. Compared to July 2011, there are approximately 9,400 fewer unemployed individuals in Wisconsin. During that time, the total civilian labor force has also increased by around 9,800. Additionally, the number of people employed in Wisconsin has increased by just over 19,000. The impact of these statistics is the 0.3% decrease in the unemployment rate in WI for the year.
Somewhat unexpectedly, the story is different when we look at the individual unemployment rates for many of Wisconsin's metro areas. Almost all of the metropolitan areas reported on by the DOL showed improvements in their unemployment rates in July. The City of Appleton's rate fell for the month from 6.8% to 6.6%. The Eau Claire Area also fell to 6.9% in July from 7.0% in June. Green Bay was also improved, falling from 7.0% to 6.8%, as was the City of Janesville, dropping 0.5% to 8.9%. The City of Madison went from 5.6% to 5.4% (and remained a state-low rate). The major city of Milwaukee fell to 8.2% from 8.4% in June. Racine's rate remained flat for July at 8.2%.
Another method of reviewing employment numbers for the state is to look at the metrics by business sector. For Wisconsin, Manufacturing, Information, and Other Services also had employment gains for the month of July. The industries of Education & Health Services, Leisure & Hospitality, Government, Construction, and Trade Transportation and Utilities all saw employment decreases for the month.
Most of the other state in the Midwest also had their unemployment rates go up in July. States in the region with higher rates than Wisconsin include Illinois (8.9%), Indiana (8.2%), and Michigan (9.0%). Neighboring states with a lower rate were Minnesota (5.8%) and Iowa (5.3%).
The Department of Labor will release the August 2012 employment statistics later this Summer. When they do we'll once again review the data for the State of WI, it's cities, and industries. Note that previously released employment statistics can be updated at a later date.
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If you unemployed in Wisconsin and need information, please visit the WI Unemployment HQ.
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