Wisconsin's unemployment rate drops to 6.1 percent - WKOW 27: Madison, WI Breaking News, Weather and Sports

Wisconsin's unemployment rate drops to 6.1 percent

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MADISON (WKOW) -- The Department of Workforce Development (DWD) released Thursday the U.S. Bureau of Labor Statistics (BLS) preliminary state employment and unemployment estimates for January 2014.

Wisconsin's unemployment rate has dropped to 6.1%, the lowest point since November 2008, and remains below the national rate of 6.6%. 
 
A preliminary total non-farm job gain of 6,200 seasonally adjusted in January 2014 from December 2013, including increases in manufacturing, construction and other sectors that made up for decreases in other areas such as education and health services. Compared to the January 2013 total, the private sector gained 40,900 jobs. Total non-farm employment increased by 56,100 from January 2013.
 
From December 2012 to December 2013, Wisconsin added nearly 39,700 private sector jobs, for a total of 106,100 private sector jobs added since December 2010.  The state's total non-farm job gain was an estimated 46,500 jobs from December 2012 to December 2013, bringing a total of 109,100 non-farm jobs gained since December 2010.
 
Manufacturing also gained an estimated 6,900 jobs over the year and 28,300 manufacturing jobs since December 2010.  That's an increase of 6.5%.
 
Secretary Newson issued the following statement in response to the latest job numbers:   “The January 2014 unemployment rate and adjusted estimates for 2013 are in closer alignment with actual job counts showing Wisconsin has added tens of thousands of private sector jobs since 2011 following the loss of 134,000 private sector jobs during the preceding four years. The investments we are making to develop the workforce and grow the state's economy are creating opportunities and moving our state in the right direction."
 

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