Workers participated in Wisconsin’s economy at unprecedented numbers last month, setting a seventh consecutive record for employment, according to preliminary U.S. Bureau of Labor Statistics estimates for November 2024, the Wisconsin Department of Workforce Development (DWD) announced in a press release.
Preliminary employment estimates for November 2024 showed Wisconsin’s seasonally adjusted unemployment rate remained at 2.9%, which is 1.3 percentage points below the national unemployment rate of 4.2%. The state’s labor force participation rate increased to 65.8% in November while the national rate ticked down to 62.5%.
Wisconsin’s labor force increased by 7,200 over the month and 14,700 over the year. The number of people employed increased 6,000 over the month to a record-high 3,073,900 employed.
Total nonfarm jobs increased 300 over the month and 23,400 over the year to 3,043,500 jobs.
Additional information about the data included in the release is available at Wisconomy.com.
