WisBusiness: State’s unemployment rate falls


Wisconsin’s unemployment rate for May was 4.2 percent, down 0.2 percentage points from the April rate of 4.4 percent and one-half of a percentage point lower than the rate in May of 2007, state Department of Workforce Development Secretary Roberta Gassman announced.

The national rate for May was 5.2, up 0.4 percentage points from April’s 4.8 percent, and up 0.9 percentage points from May 2007.

“Wisconsin’s labor market showed continued improvement in May, with lower unemployment and more jobs over the previous month,” Gassman said. “Particularly encouraging is the improvement in construction and manufacturing, both of which showed increases in jobs in May for the third consecutive month.”

From April to May, total Wisconsin non-farm jobs increased by 35,400 to 2,887,900. Private sector jobs grew by 33,500, led by strong growth in the Leisure & Hospitality sector (11,500 more jobs) and the Construction sector (8,700 more jobs). Manufacturing jobs increased again last month with 2,100 more jobs.

See release: http://www.wisbusiness.com/index.iml?Article=129208