Metro Milwaukee’s February unemployment rate dips to 4.5%

But total employment in area down year-over-year

Organizations:

The unemployment rate in the metro Milwaukee area was 4.5 percent in February, down from 4.8 percent a year ago, according to U.S. Bureau of Labor Statistics data released today by the state Department of Workforce Development. The local unemployment rate is not seasonally adjusted.

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However the total number of people employed in the metro area, which is seasonally adjusted, was down 2,300 in February compared to a year ago. The area’s seasonally adjusted employment in February was 861,400, compared to 863,700 in February of 2016.

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Of the metro areas in the state, the Madison area had the largest gain in year-over-year employment, rising by 8,800 to 404,400.

Employment in Appleton rose 1,700, in Wausau employment rose 1,600 and in La Cross employment rose 1,400, on a seasonally adjusted basis.

Employment in Eau Claire was down by 1,100 and in Green Bay employment was down 600.

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Statewide, employment rose by 28,200 in February to 2.95 million.

Five metro areas in the state had non-seasonally adjusted unemployment rates below four percent in February: Madison, 3.3 percent; Sheboygan, 3.7 percent; Fond du Lac, 3.8 percent; Oshkosh-Neenah, 3.8 percent; Appleton, 3.9 percent.

The state’s highest local unemployment rates in February were in Racine, 5.4 percent; and Janesville, 5.2 percent.

Each metro area in the state had a lower unemployment rate in February than a year ago, on a non-seasonally adjusted basis.

Read more economic data reports at the BizTracker page.

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