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Tony Evers, Governor
Amy Pechacek, Secretary-designee
Department of Workforce Development
201 E. Washington Avenue
P.O. Box 7946
Madison, WI 53707-7946
CommunicationsOffice@dwd.wisconsin.gov Telephone: (608) 266-3131
Fax: (608) 266-1784
FOR IMMEDIATE RELEASE
May 18, 2023
CONTACT: DWD Communications
MADISON – The Department of Workforce Development (DWD) today released the U.S. Bureau of Labor Statistics (BLS) preliminary employment estimates for the month of April 2023, which showed Wisconsin's seasonally adjusted unemployment rate dropped to a record low of 2.4%.
The total number of unemployed people dropped by 3,700 over the month of April and 13,300 over the year to a new record low of 72,900. In addition, total seasonally adjusted nonfarm jobs increased 3,800 over the month of April and 51,500 year-over-year to hit a new record high of 3,003,600. The total jobs number puts the state 9,600 jobs above the pre-COVID-19 peak in January 2020.
Wisconsin's record low unemployment rate of 2.4% for April is down 0.1 percentage points from the March rate of 2.5%, which was the previous record low. The state's labor force participation rate increased by 0.2 percentage point over the month to 64.8%. Nationwide for the month of April, the U.S. unemployment rate was 3.4% with a labor force participation rate of 62.6%.
"Wisconsin's labor force participation rate grew over the month, and both the unemployment rate and number of unemployed individuals reached new record lows," DWD Secretary-designee Amy Pechacek said. "Talk about a Badger Bounce Back: We've added 51,500 jobs over the past year to reach a new record high in total jobs, once again surpassing the pre-COVID-19 peak of January 2020. Under Gov. Evers' leadership, DWD remains laser-focused on developing homegrown talent and on removing barriers so that employers can find the talent they need, and workers can connect with employment, career development services and family-sustaining jobs."
Today's full report can be viewed on DWD's premier source for labor market information, WisConomy.com.View Wisconsin Labor Force Summary
Wisconsin's Department of Workforce Development efficiently delivers effective and inclusive services to meet Wisconsin's diverse workforce needs now and for the future. The department advocates for and invests in the protection and economic advancement of all Wisconsin workers, employers and job seekers through six divisions – Employment and Training, Vocational Rehabilitation, Unemployment Insurance, Equal Rights, Worker's Compensation and Administrative Services. To keep up with DWD announcements and information, sign up for news releases and follow us on Facebook, Twitter, LinkedIn and Instagram.