September 23, 2014

Wisconsin unemployment rate drops to 6.7 percent

A monthly report issued Thursday says Wisconsin gained 10,300 private sector jobs in November, while the state’s seasonally-adjusted jobless rate dropped 0.2 percent from October. The November unemployment rate fell to 6.7 percent, down from 6.9 percent in October.

Federal figures supplied by the state’s workforce development agency also showed the October job losses were not as bad as first reported. After more comprehensive employer surveys, 1,300 were added. It now reflects a decline of 4,700 private sector jobs for the month.

Meanwhile, the state Revenue Department says that Wisconsin should add 3,000 jobs a month in 2013. The agency’s quarterly report said the state’s economy is growing at a moderate pace and 38,000 jobs were added the past two years, with 36,000 expected next year. Those predictions are still not on pace for Governor Walker to keep his promise of adding 250,000 jobs by the time his current term ends in January of 2015.

The Department of Revenue also said unemployment should average 6.8 percent next year and personal incomes could grow by 3.7 percent.