Wisconsin’s unemployment rate fell seven tenths of a percentage point during the month of September, according to the latest numbers from the state Department of Workforce Development.
August’s unemployment rate of 8.4 percent compares with the September rate of 7.7 percent. DWD Secretary Roberta Gassman says the state’s unemployment rate has declined steadily and now equals the lowest rate of the year, although she acknowledges this “remains a difficult time for many.”
In a sign that job recovery may be slow, state Department of Revenue economist John Koskinen said this week that he expects the state “probably will not return to 2007-level employment until late 2011.”
According to DWD, the September rate was three and a-half percentage points higher than the state unemployment rate of four-point-two percent in September of 2008.