12:22 am
25 December 2024

Jobless Rate Continues to Drop

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Jobless Rate Continues to Drop

Wisconsin’s unemployment rate is below three percent, but the state isn’t back to pre-pandemic job levels yet.

The latest report from the Department of Workforce Development puts the state’s jobless rate at two-point-nine percent. That’s down from three percent at the end of last year. The labor participation rate, however, continues to lag. DWD says 64-and-a-half percent of people in Wisconsin are working. That’s about two points lower than the labor participation rate just before the coronavirus outbreak in 2020.

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