MONROE — Lafayette and Green Counties continue to lead the state with the lowest unemployment rates, according to recent unemployment data released by the state.
There’s also good news for Wisconsin — preliminary employment estimates for May 2024 showed Wisconsin’s seasonally adjusted unemployment rate was 2.9%, which is more than a full percentage point below the national unemployment rate of 4.0% in May.
The state’s labor force participation rate held steady at 65.6% in May, while the national rate fell to 62.5%.
The rate in Lafayette County rose slightly year over year — from 2% to 2.1% — and remained constant month to month at 2.1% That is still enough, though, to lead the state in having the least number of jobless workers.
Green County came in a close second — posting a 2.3% rate up slightly from last month’s 2.1%; and remaining on par with last year at this time. In neighboring Rock County, the most recent rate was 3.2% down slightly from April’s 3.3% and down over last year’s number of 3.4% at this time. That was enough to place it 43rd among the state’s 72 counties.
“Wisconsin’s economy continues to gain momentum, setting new records in state employment and private jobs,” said Department of Workforce Development Secretary Amy Pechacek.
Other highlights of the unemployment data release:
● Metropolitan Statistical Areas: Preliminary May 2024 unemployment rates increased or stayed the same in nine metro areas over the month; rates increased in 11 areas over the year.
● Municipalities: Preliminary May 2024 unemployment rates increased or stayed the same in 30 cities over the month; rates increased or stayed the same in 29 cities over the year.
● Counties: Preliminary May 2024 unemployment rates decreased or stayed the same in 49 of Wisconsin’s 72 counties over the month; rates decreased or stayed the same in 23 counties over the year.
“The state’s unemployment rate remains below the national rate, as well,” Pechacek said. “These numbers validate what we know is true: Wisconsin residents are eager to work, employers are eager to employ them, and DWD endeavors to support sustainable employment opportunities for all.”
The state jobless data can be accessed at Wisconomy.com.
— Gary Mays