Gov. Tony Evers and the Wisconsin Department of Workforce Development (DWD) announced that Wisconsin achieved a new record high for employment during October 2024, according to preliminary estimates from the U.S. Bureau of Labor Statistics. The new record for total employment breaks the record announced last month for September data and marks the sixth consecutive monthly record for state employment.
Preliminary employment estimates for October 2024 showed Wisconsin’s seasonally adjusted unemployment rate remained at 2.9%, which is 1.2 percentage points below the national unemployment rate of 4.1%. In addition, the state’s labor force participation rate increased to 65.7% in October, while the national rate ticked down to 62.6%.
Wisconsin’s labor force increased by 8,400 over the month and 7,300 over the year. The number of people employed increased by 8,500 over the month and 23,900 over the year to a record-high 3,068,000 employed.
Total nonfarm jobs increased by 1,400 over the month and 27,400 over the year to 3,043,800 jobs.
A full list of seasonally adjusted employment and unemployment statistics for October 2024 is available here. A full list of not seasonally adjusted employment and unemployment statistics for October 2024 is available here.
Additional information about the data above is available at Wisconomy.com.
