The WI unemployment rate rose 0.3% in July to a 2012-high of
7.3%. This is the 4th straight month with an increase and is the highest
rate in Wisconsin since October 2011. It's also the biggest monthly
increase for the state since a 0.4% increase in April 2009. For the
month there are around 8,000 more unemployed individuals than June 2012.
Additionally, there are about 15,000 fewer workers employed in WI for
the month. On a positive note, Wisconsin's July unemployment rate is
still a full percentage point better 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 around 9,400 less unemployed people in WI. During that time, the total civilian labor force has also increased by about 9,800. Also, the number of individuals employed in Wisconsin has increased by just over 19,000. The combination of these numbers 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 metro 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 unchanged for July at 8.2%.
We can also review the Wisconsin employment numbers by business sector. On the positive side for July were Information, Manufacturing, and Other Services. On the down-side in July were the industries of Leisure & Hospitality, Education & Health Services, Government, Construction, and Trade Transportation and Utilities.
Compared to other state in the Midwest, Wisconsin's July unemployment rate remains in the middle. States in the area 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%). Note that all the states listed above had higher rates in July 2012.
The Department of Labor will publish 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 altered 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 around 9,400 less unemployed people in WI. During that time, the total civilian labor force has also increased by about 9,800. Also, the number of individuals employed in Wisconsin has increased by just over 19,000. The combination of these numbers 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 metro 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 unchanged for July at 8.2%.
We can also review the Wisconsin employment numbers by business sector. On the positive side for July were Information, Manufacturing, and Other Services. On the down-side in July were the industries of Leisure & Hospitality, Education & Health Services, Government, Construction, and Trade Transportation and Utilities.
Compared to other state in the Midwest, Wisconsin's July unemployment rate remains in the middle. States in the area 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%). Note that all the states listed above had higher rates in July 2012.
The Department of Labor will publish 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 altered at a later date.
If you're unemployed in WI and looking for information please visit the Wisconsin Unemployment Headquarters.
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