State’s unemployment rate falls to 5.4 percent

Wisconsin’s unemployment rate fell to 5.4 percent in October and the state added 4,000 private sector jobs during the month, on a seasonally adjusted basis, according to the latest report from the state Department of Workforce Development.

The state’s unemployment rate dipped from 5.5 percent in September, and is lower than the national rate of 5.8 percent. The state’s unemployment rate was 6.5 percent in October of 2013.

The addition of 4,000 private sector jobs means the state has added 21,600 private sector jobs during the first 10 months of 2014 and has added 31,000 private sector jobs from October 2013 to October 2014.

“As our economy grows stronger, we will continue to support innovative talent development solutions that ensure job creators have the skilled workers they need to stay competitive and move our state forward,” said DWD Secretary Reggie Newson.

The October job figures are estimates subject to further revisions.

While the state added 4,000 private sector jobs during the month, the state also lost 3,900 government jobs during the month.

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