Wisconsin Reforms Lead to Another Historic Drop in Unemployment Rate

 

MADISON – Gov. Scott Walker and the Department of Workforce Development announced on Thursday that Wisconsin’s unemployment rate dropped from 2.9 percent to 2.8 percent – beating the previous month’s already-record low.

The state’s labor force participation rate increased again to 68.9 percent – outpacing the national rate by more than six points. Additionally, the state broke another record for number of people employed with an increase to 3,086,100.

Wisconsin Manufacturers & Commerce (WMC) President & CEO Kurt R. Bauer released the following statement in response to Wisconsin’s growing economy:

“The reforms we have seen under the Walker administration and the Republican legislature have helped pave the way for record-breaking unemployment rates. These efforts have put our state on the right trajectory, and now is not the time to retreat.

“Now is the time to build on these reforms and continue this economic expansion. That is why WMC remains focused on skilling up current Wisconsinites for the jobs available and attracting new workers to our state.

“We strongly encourage policymakers at the state and federal level to take necessary steps to ensure Wisconsin has a talented and ready workforce through additional training resources, a robust talent attraction campaign and immigration reform.”

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For more information, contact:
Nick Novak, 608.258.3400