Thursday, March 27, 2008

Milwaukee-area unemployment at 5.5 percent

The Business Journal of Milwaukee

The seasonally unadjusted unemployment rate in the Milwaukee area increased to 5.5 percent in February, the Wisconsin Department of Workforce Development reported Wednesday.

The rate for the Milwaukee-Waukesha-West Allis metropolitan statistical area increased from 5.3 percent a month ago and was up from 5.4 percent in February 2007. The jobless rate in all 12 metro areas in the state increased compared with January's rate, the agency said.

Department of Workforce Development Secretary Roberta Gassman said the unemployment rates followed normal patterns of increasing during the mid-winter months. The statewide rate was 4.9 percent, the same as January's rate and down from 5.1 percent in February 2007.

The number of Milwaukee-area nonfarm wage and salary jobs increased by 1,500, to 841,100, compared with January's total. The agency said last week the state added 4,100 jobs since January because of a large increase in government jobs resulting from public schools and universities resuming classes after winter break.

Since February 2007, however, the Milwaukee area lost 1,900 jobs.

No comments: