Meanwhile, Wisconsin fared better after it added thousands of jobs and the unemployment rate is at a five-year low at 5.9 percent in March 2014, down .2 percent from February.
Still, a report by U.S. Bureau of Labor Statistics characterized Wisconsin’s year-over-year private sector growth as significant. Total non-farm jobs and the unemployment rate fell by 5.9 percent and are at the lowest rate since November 2008.
“The release today of the latest U.S. Bureau of Labor Statistics report shows that Wisconsin has added tens of thousands of private-sector jobs, while Wisconsin’s unemployment rate continues to decrease with a ‘statistically significant’ drop between March 2013 and March 2014,” said Wisconsin Department of Workforce Development secretary Reggie Newson. “With Wisconsin’s unemployment rate at a five-year low, Wisconsin is well-positioned to increase opportunities for working families.”
According to the report:
- The March 2014 unemployment rate is significantly different than that of the U.S. (WI 5.9 percent v. US 6.7 percent)
- The unemployment rate has had a statistically significant decrease between March 2013 and March 2014. (2014 5.9 percent v. 2013 6.9 percent)
- The unemployment rate has fallen or been unchanged every month since Dec. 2012.
- Wisconsin has a statistically significant private-sector job (Current Employment Statistics) increase between March 2013 and March 2014 at 29,900, which ranked 21st nationally.
- Wisconsin had a statistically significant total nonfarm job (CES) increase between March 2013 and March 2014 at 38,400, which ranked 18th nationally.
- Wisconsin’s year-over-year increase in manufacturing jobs, an increase of 7,400 jobs, ranked 6th nationally.
But how are things going with your job situation? Are things getting better, worse or staying the same for you and your family?