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June 2002 Unemployment Rates Released | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contact: Eric Grosso, (608) 266-7034 JUNE UNEMPLOYMENT RATES RELEASEDMADISON – Wisconsin’s seasonally adjusted unemployment rate for June was estimated at 4.9 percent, up one-tenth of a percentage point from May and three-tenths higher than the rate recorded for June 2001. The seasonally adjusted unemployment rate for the United States was 5.9 percent in June. "Wisconsin’s labor market report showed improvement in nearly all sectors last month including improvement in manufacturing numbers," said DWD Secretary Jennifer Alexander. The unadjusted unemployment rate increased from 4.5 percent in May to 5.1 percent in June. It is normal to see an increased unemployment rate in June as it is a month in which many new job seekers, such as students and recent graduates, search for work. The number of state residents employed increased from 2,901,300 in May to 2,952,500 in June, an increase of about 51,200. The total labor force, however, increased by 71,900, meaning there were 20,800 additional job seekers who had not yet found work by the time the survey was conducted. The normal increase in employment between May and June has been about 61,000. There was an increase of 25,700 jobs between May and June, with 6,300 coming in the manufacturing sector. Over the past eighteen months there have been only five months when the job totals for manufacturing increased over the prior month. Construction, trade and services exhibited continued strength, increasing by 6,600, 6,300, and 10,000 over May figures. There were 2,868,000 total jobs estimated for June in Wisconsin’s nonfarm wage and salary economy. That figure is an increase of 25,700 jobs from May’s total of 2,842,300, and is an increase of 2,400 from last year’s June figure. That is the first time Wisconsin has had a greater number of jobs in a month of the current year than it had in the corresponding month one year earlier since March of 2001. Claims for unemployment insurance also continue to moderate. For the first 15 weeks of 2002, initial claims for unemployment were much higher than the same period in 2001. During the last 15 weeks, however, initial claims have been below the figures seen in 2001. May employment and unemployment figures for individual counties should be available on June 26. This release also is available at www.dwd.state.wi.us/lmi. # # #
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