Jobs report: State unemployment rate ties record low

The Wisconsin Department of Workforce Development released the U.S. Bureau of Labor Statistics data showing the state’s preliminary unemployment rate tied for a record-low 3% in November. This is down 0.2 percentage points from October’s rate of 3.2% and tied with the previous record-low 3% unemployment rate in November 2018.

In November, the state’s total nonfarm jobs increased by 10,200 compared to the previous month while Wisconsin’s private-sector jobs increased by 12,300 month over month. Industry sectors contributing to job growth over the past year include manufacturing, with a year-over-year employment increase of 19,300 jobs; transportation, warehousing, and utilities, up 7,200 jobs year over year; and leisure and hospitality, up 35,800 year over year.