Wisconsin’s unemployment rate drops to 17-year low

posted by Jay Weber - 

via jsonline.com by John Schmid

Wisconsin’s estimated unemployment rate last month dropped to a 17-year low of 3.2%, down from 3.4% in March and well below the peak of 9.2% late in 2009 in the worst days of the Great Recession.

Thursday's report from state Department of Workforce Development, which is based on preliminary estimates and subject to revision, shows that Wisconsin’s labor market is approaching levels not seen since February 2000, shortly after the tech-giddy dot-com boom.

The state’s jobless rate has paralleled a consistent decline in the national unemployment rate, which fell to 4.4% in April, its lowest rate in 10 years and well below 10% at its peak late in 2009. The national rate last hit 4.4% in May 2007.

Wisconsin’s unemployment rate consistently has trended below the national rate for more than 30 years.

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