State sets record for number of people employed
The Wisconsin Department of Workforce Development (DWD) announced the release of the U.S. Bureau of Labor Statistics (BLS) preliminary employment estimates for May 2022, which show the number of Wisconsinites employed at a historic high of 3,059,300. The data also show an increase in Wisconsin’s total labor force for the sixth consecutive month. In May, Wisconsin’s labor force participation rate was 66.5%, 4.2% higher than the national rate. Wisconsin’s unemployment rate during the same period was 2.9%, up slightly from April’s historic low. Wisconsin’s total nonfarm jobs increased from April by 2,200 while private-sector jobs increased by 1,800.