The state Department of Workforce Development (DWD) last week released the U.S. Bureau of Labor Statistics (BLS) job totals for the month of November, which showed Wisconsin’s total nonfarm jobs hit a record high of 3,020,300 during the month. This is 32,300 more jobs than a year ago and an increase of 1,700 over the previous month.
Preliminary employment estimates for November 2023 showed Wisconsin’s seasonally adjusted unemployment rate was 3.3%. The labor force increased by 4,000 workers over the month, and employment also increased by 1,800 over the month. The state’s total labor force participation rate increased to 65.9%, which is 3.1% higher than the national labor force participation rate of 62.8% in November.
Wisconsin’s unemployment rate was 3.3% in November, up from 3.2% in October and 0.4% lower than the national unemployment rate, which was 3.7% in November. The labor force gained 4,000 workers over the month for a total of 3,146,300 workers. The number of people employed also increased, adding 1,800 over the month for a total of 3,042,100 employed. The number of unemployed people increased 2,200 over the month and increased by 11,800 over the year to 104,200.
The full report can be viewed on WisConomy.com.
