Wisconsin’s unemployment rate rises

Wisconsin’s seasonally adjusted unemployment rate spiked to 7.0 percent in January, up from 6.7 percent in December, according to preliminary estimates released by the state Department of Workforce Development on Thursday.

Meanwhile, the state added an estimated 12,400 private sector jobs in January, but lost an estimated 10,600 government jobs, for a net gain of only 1,800 new non-farm jobs in the month, the agency reported.

Wisconsin’s unemployment rate remains below the national unemployment rate of 7.9 percent.

Department of Workforce Development Secretary Reggie Newson issued the following statement about the latest estimates compiled by the U.S. Bureau of Labor Statistics: “”As we pointed out many times when the monthly estimates were initially published, the estimations of thousands of job losses were based on unreliable methodology and did not track with all other economic indicators in the state showing job creation. Today’s revised totals show just how far off the mark those initial estimates were. While we are encouraged to see the revisions bring this data series into closer alignment with other indicators showing economic improvement in Wisconsin, we will continue to monitor the series. It is our hope that the federal government demonstrates better performance in the future with this monthly series.”

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