Unemployment in Wisconsin is at a historic low, labor force is growing
Wisconsin’s unemployment rate is the lowest it has ever been.
New data from the state Department of Workforce Development for April show that for the second month in a row, the state’s unemployment rate was 2.8 percent, a historic low.
Just over 3 million people are working in Wisconsin, DWD chief economist Dennis Winters said in a briefing Thursday, and the labor force expanded by 2,700 last month. That’s significant as employers in many sectors struggle to hire. Like the unemployment rate, the state’s labor force participation rate was unchanged from March. At 66.5 percent, Wisconsin’s share of people working exceeds the national labor force participation rate by 4.3 percentage points.
Economists measure unemployment based on how many people are actively seeking work, which means those who have retired or aren’t looking for work for other reasons are not counted as unemployed.