(The Center Square) – Wisconsin’s seasonally adjusted unemployment rate remained at 3.3% in May, below the national mark of 4.2%.
The state’s labor force was down 7,700 from April and 9,400 from May 2024 while the number of people employed in the state was down by 8,400 from April to just more than 3 million, down 20,300 workers from May 2024.
The number of total nonfarm jobs were down 1,000 from April but up 14,600 from May 2024 while the state’s labor force participation rate was 65.3%, above the national rate of 62.4%.
Wisconsin’s main labor force issue remains the projections of a decreasing and aging population as Baby Boomers age out of the workforce, according to Wisconsin Department of Workforce Development Section Chief of Economic Advisors Scott Hodek.
