Yesterday, the Department of Workforce Development (DWD) released the U.S. Bureau of Labor Statistics (BLS) job totals for the month of June 2023, which showed Wisconsin’s total nonfarm jobs reached a record high of 3,006,900. This is 52,900 more jobs than a year ago and an increase of 6,900 over the previous month.
Preliminary employment estimates for June 2023 showed Wisconsin’s seasonally adjusted unemployment rate was 2.5%. The total labor force grew by 14,000 and employment increased by 10,700 over the month of June. Additionally, the state’s total labor force participation rate increased to 65.3%. Nationwide for the month of June, the U.S. unemployment rate was 3.6%, 1.1 percentage points above Wisconsin’s rate, and the national labor force participation rate of 62.6%.