5-19-23 wisconsin unemployment rate hits record low

The Department of Workforce Development says preliminary employment estimates for the month of April showed Wisconsin’s seasonally adjusted unemployment rate dropped to a record low of 2.4%.  The total number of unemployed people dropped by 3,700 over the month of April and 13,300 over the year to a new record low of 72,900.   In addition, total seasonally adjusted nonfarm jobs increased 3,800 over the month of April and 51,500 year-over-year to hit a new record high of 3,003,600. The total jobs number puts the state 9,600 jobs above the pre-COVID-19 peak in January 2020.  Wisconsin’s record low unemployment rate of 2.4% for April is down 0.1 percentage points from  the  March rate of 2.5%, which was the previous record low.

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