(The Center Square) – Wisconsin saw another record number of individuals employed in December while the state’s adjusted unemployment rate rose to 3.0%.
There are now 3,076,500 employed in the state. The federal unemployment rate is 4.1%.
The state’s labor force participation rate increased to 65.9% in December, better than the national rate stayed of 62.5%.
The state’s overall labor force was 5,000 larger month over month and went up 20,100 for the year while the number employed went up 2,500 month over month.
Wisconsin had 1,200 less nonfarm jobs over the month but that total went up 20,300 year over year.
While the employment numbers are currently at record-high levels, a projected population drop in the coming years will see that number decline.
Those estimates show the state’s population has likely peaked and will be at an estimated 5.89 million by 2030 and 5.84 million by 2040.
“That has affected a lot of things going forward across the economy,” DWD chief economist Dennis Winters said.
