Why have wisconsin unemployment rates fallen recently?
Wisconsin’s Unemployment Rate Drops for First Time in 15 Months While several Upper Midwestern states, such as Minnesota, North Dakota, and South Dakota, saw their unemployment rates decline after reaching apparent peak levels a few months ago, a few states, like Wisconsin and Iowa, continued down the path of rising unemployment at historic paces. On Thursday, the Badger State got some rare good news on the economic front when the Department of Workforce Development announced the seasonally adjusted unemployment rate for the month of August had declined from 9.0 percent to 8.8 percent. This marks the first time unemployment has fallen in Wisconsin since April 2008 – a string of 15 consecutive months of rising or flat rates. During that one and a quarter year span, jobless claims in the Badger State increased 105 percent through July, from 4.4 to 9.0 percent. While Wisconsin has the highest unemployment rate in the Upper Midwest, it is noticeably lower than several states in the greater
According to Fox 21 online, Wisconsin unemployment rates fell for the month of August 2009. Is the fact that Wisconsin unemployment rates fell indicative that the recession tide is turning? Don’t count on it. Call me a skeptic, call me pessimistic – call me whatever you want. The fact of the matter is I don’t think that a decline in Wisconsin unemployment – or any other state’s unemployment level for that matter – indicates that our overall economy is strengthening. Don’t get me wrong. Declining Wisconsin unemployment levels is a welcomed piece of good news. But – is it? To know if declining Wisconsin unemployment is really as good as it sounds, you need to know how unemployment rates are calculated. According to the US Bureau of Labor Statistics, unemployed individuals counted in calculating the unemployment rate are: Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work. Actively lookin
Wisconsin’s Unemployment Rate Drops for First Time in 15 Months While several Upper Midwestern states, such as Minnesota, North Dakota, and South Dakota, saw their unemployment rates decline after reaching apparent peak levels a few months ago, a few states, like Wisconsin and Iowa, continued down the path of rising unemployment at historic paces. On Thursday, the Badger State got some rare good news on the economic front when the Department of Workforce Development announced the seasonally adjusted unemployment rate for the month of August had declined from 9.0 percent to 8.8 percent. This marks the first time unemployment has fallen in Wisconsin since April 2008 – a string of 15 consecutive months of rising or flat rates. During that one and a quarter year span, jobless claims in the Badger State increased 105 percent through July, from 4.4 to 9.0 percent. While Wisconsin has the highest unemployment rate in the Upper Midwest, it is noticeably lower than several states in the greater
According to Fox 21 online, Wisconsin unemployment rates fell for the month of August 2009. Is the fact that Wisconsin unemployment rates fell indicative that the recession tide is turning? Don’t count on it. Call me a skeptic, call me pessimistic – call me whatever you want. The fact of the matter is I don’t think that a decline in Wisconsin unemployment – or any other state’s unemployment level for that matter – indicates that our overall economy is strengthening. Don’t get me wrong. Declining Wisconsin unemployment levels is a welcomed piece of good news. But – is it? To know if declining Wisconsin unemployment is really as good as it sounds, you need to know how unemployment rates are calculated. According to the US Bureau of Labor Statistics, unemployed individuals counted in calculating the unemployment rate are: Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work. Actively lookin
