Wisconsin's August 2012 unemployment rate was published at 7.5%. This is a 0.2% increase over July and is the 4th straight month with an increase. There were around 229,000 unemployed people in Wisconsin in August. This is an increase of approximately 4,800 over July 2012. The number of employed individuals also fell by approximately 11,500 in August and the total workforce went down by about 6,700. The combination of these statistics was the 0.2% increase in Wisconsin's unemployment rate in August 2012.
Wisconsin's August 2012 unemployment rate is almost back to where it was a year ago in August 2011 (7.6%). In August 2011 there were roughly 232,000 people unemployed in the WI. This number is only a little higher (by 2,500) than the current 2012 unemployment number. Furthermore, the number of employed people in the state is only about 6,600 more in August 2012 vs. 2011. During the past year the unemployment rate went down to a low of 6.8% in March 2012, before gradually going up again to the current 7.5%.
Although the State had high a higher unemployment rate in August, a number of Wisconsin's business types enjoyed employment gains during the month. These included Construction, Leisure & Hospitality, Information, Professional & Business Services, Government, and Education & Health Services. Industries that had negative employment numbers in August were Manufacturing, Trade Transportation and Utilities, Other Services and Financial Activities. The largest yearly was seen by Information ( 3.5%). The greatest decrease over the past year was in Construction (-5.1%). The business sectors with the biggest employment numbers for Wisconsin continues to be Trade Transportation and Utilities with around 508,400 employed in August.
The State of Wisconsin is not by themselves. A large number of the neighboring states in the region also had higher rates in August 2012. The State of Minnesota's unemployment rate rose 0.1% in August to 5.9%. Illinois saw it's rate go up 0.2% to 9.1%. Also up were both the States of Iowa (5.5%) and Indiana (8.3%). Finally, the State of Michigan experienced a0.4% rise up to 9.4% in August.
In about a month the employment statistics will be released for Wisconsin for September 2012. When they are available, we'll review the statistics and see how Wisconsin measures up. Of course remember that previously released employment information can be changed at a later date.
Wisconsin's August 2012 unemployment rate is almost back to where it was a year ago in August 2011 (7.6%). In August 2011 there were roughly 232,000 people unemployed in the WI. This number is only a little higher (by 2,500) than the current 2012 unemployment number. Furthermore, the number of employed people in the state is only about 6,600 more in August 2012 vs. 2011. During the past year the unemployment rate went down to a low of 6.8% in March 2012, before gradually going up again to the current 7.5%.
Although the State had high a higher unemployment rate in August, a number of Wisconsin's business types enjoyed employment gains during the month. These included Construction, Leisure & Hospitality, Information, Professional & Business Services, Government, and Education & Health Services. Industries that had negative employment numbers in August were Manufacturing, Trade Transportation and Utilities, Other Services and Financial Activities. The largest yearly was seen by Information ( 3.5%). The greatest decrease over the past year was in Construction (-5.1%). The business sectors with the biggest employment numbers for Wisconsin continues to be Trade Transportation and Utilities with around 508,400 employed in August.
The State of Wisconsin is not by themselves. A large number of the neighboring states in the region also had higher rates in August 2012. The State of Minnesota's unemployment rate rose 0.1% in August to 5.9%. Illinois saw it's rate go up 0.2% to 9.1%. Also up were both the States of Iowa (5.5%) and Indiana (8.3%). Finally, the State of Michigan experienced a0.4% rise up to 9.4% in August.
In about a month the employment statistics will be released for Wisconsin for September 2012. When they are available, we'll review the statistics and see how Wisconsin measures up. Of course remember that previously released employment information can be changed at a later date.
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