The Wisconsin Department of Workforce Development (DWD) recently released the U.S. Bureau of Labor Statistics preliminary employment estimates for 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. Additionally, 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. See the report.