Jobless rate ticks up; remains below 3%

For the fifth consecutive month, Wisconsin’s unemployment rate remained below three percent while total employment reached a record high, according to U.S. Bureau of Labor Statistics data released today by the state Department of Workforce Development.

The data, which covers revisions for May 2018 and preliminary estimates for June, shows that unemployment actually ticked up from 2.8 to 2.9 percent in June. The slight increase was attributed to an increase in labor force participation, as the state’s labor force increased by 3,300 people last month, bringing the number of active participants in the labor force to 3,092,100.

Although the unemployment rate ricked up slightly, “it increased for the right reason — Wisconsinites are excited about the career opportunities that are being created by new and existing employers throughout the state and entering the labor force,” states DWD Secretary Ray Allen.