Wisconsin's Unemployment Rate increased again for the month of June to a 2012-high of 7.0%. The June rate increase (0.1%) was the second straight month with an increase. The rate is s now 0.1% higher than the 6.9% reported by the state in January 2012. In June there were approximately 6,800 more people unemployed in WI than in the month of May. Additionally, there were roughly 8,000 fewer individuals employed in the state as well as a decrease of 1,000 in the overall civilian labor force.
Although the trend has been upward, when compared with a year ago the current unemployment rate is still better than the June 2011 rate of 7.6%. There are over 18,000 fewer unemployed individuals and over 32,000 more people employed in Wisconsin than one year ago, resulting in the significant improvement in the unemployment rate over that period. Also, Wisconsin's June 2012 unemployment is still much better than the June national average of 8.2%.
The Department of Labor also releases monthly employment information for specific business sectors. Some of the Wisconsin industries that saw improvements in the employment numbers for the month of June includes Information and Health Service & Education. Most industries, however, saw their employment numbers go down for the month. These industries included Financial Activities, Leisure & Hospitality, Construction, Manufacturing, Other Services, and Government.
Like the industry numbers, most of the big Wisconsin cities also experienced a rise in their June rates. The Appleton Area saw it's rate rise from 6.1% in May to 6.8% in June. Especially concerning is the fact that few cities experienced a full percentage point increases for the month, including the cities of Eau Claire (7.1), Janesville (9.4%) and Racine (9.2%). Though still a state-low, Madison's June 2012 rate also went up to 5.5%. Also on the increase in June were the cities of Wausau (7.7%), Sheboygan (7.2%), and La Crosse (5.9%). Lastly, not immune from this trend was Milwaukee which rose to a 2012-high of 8.3%.
Next let's look at other neighboring states in the Midwest for June 2012. The States of Iowa (5.1%) and Minnesota (5.6%) continue to have much lower unemployment rates than Wisconsin. However, the States of Michigan (8.6%) and Illinois (8.7%) are still significantly higher than WI in June 2012. Both of these trends have held true for much of 2012.
When the Department of Labor releases the Wisconsin July 2012 employment numbers and statistics later this Summer, we'll once again review and analyze the data. As always, remember that employment numbers can be updated after publication. If that happens the data used in this article may change as well.
Although the trend has been upward, when compared with a year ago the current unemployment rate is still better than the June 2011 rate of 7.6%. There are over 18,000 fewer unemployed individuals and over 32,000 more people employed in Wisconsin than one year ago, resulting in the significant improvement in the unemployment rate over that period. Also, Wisconsin's June 2012 unemployment is still much better than the June national average of 8.2%.
The Department of Labor also releases monthly employment information for specific business sectors. Some of the Wisconsin industries that saw improvements in the employment numbers for the month of June includes Information and Health Service & Education. Most industries, however, saw their employment numbers go down for the month. These industries included Financial Activities, Leisure & Hospitality, Construction, Manufacturing, Other Services, and Government.
Like the industry numbers, most of the big Wisconsin cities also experienced a rise in their June rates. The Appleton Area saw it's rate rise from 6.1% in May to 6.8% in June. Especially concerning is the fact that few cities experienced a full percentage point increases for the month, including the cities of Eau Claire (7.1), Janesville (9.4%) and Racine (9.2%). Though still a state-low, Madison's June 2012 rate also went up to 5.5%. Also on the increase in June were the cities of Wausau (7.7%), Sheboygan (7.2%), and La Crosse (5.9%). Lastly, not immune from this trend was Milwaukee which rose to a 2012-high of 8.3%.
Next let's look at other neighboring states in the Midwest for June 2012. The States of Iowa (5.1%) and Minnesota (5.6%) continue to have much lower unemployment rates than Wisconsin. However, the States of Michigan (8.6%) and Illinois (8.7%) are still significantly higher than WI in June 2012. Both of these trends have held true for much of 2012.
When the Department of Labor releases the Wisconsin July 2012 employment numbers and statistics later this Summer, we'll once again review and analyze the data. As always, remember that employment numbers can be updated after publication. If that happens the data used in this article may change as well.
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