Friday, August 17, 2007

Wisconsin unemployment at 4.8 percent


The monthly decline bucked the national trend. The July unadjusted unemployment rate nationwide increased to 4.9 percent from 4.7 percent in June.

Compared with last year, Wisconsin's unadjusted rate rose from 4.7 percent in July 2006.

The job decline reflects a seasonal decrease in governmental employment as schools dismissed for the summer, Workforce Development Secretary Roberta Gassman said. Private employers added 4,700 jobs during the month, reflecting growth in goods-producing industries, including manufacturing and construction. The manufacturing sector added 3,300 jobs between June and July.

The seasonally adjusted Wisconsin unemployment rate for July 2007 was 5 percent, unchanged from June 2007 and up three-tenths of a percentage point from the July 2006 rate of 4.7 percent.

Total state employment increased by 500 jobs from July 2006 to July 2007, to 2,920,900, on a seasonally adjusted basis. Wisconsin employment was up 400 in July compared with June.

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