Wisconsin unemployment rate reaches all-time low in February

Wisconsin's active labor force showed record highs
Wisconsin unemployment rate reaches all-time low in February
Posted at 3:40 PM, Mar 22, 2018
and last updated 2018-03-22 16:40:37-04

Wisconsin's February unemployment rate reached a record-low of 2.9 percent according to data from the Bureau of Labor Statistics. It also showed the number of people employed and considered active in Wisconsin's labor force reached record highs. 

This is a steady decrease from January's unemployment rate of 3.1 percent, and also below the national rate of 4.1 percent. The data also shows Wisconsin gained 1,500 non-farm jobs over the month. 

Department of Workforce Development Secretary Ray Allen says state workers are experiencing arguably the best labor market in Wisconsin's history.

"These historic times underscore the importance of a strong talent development, attraction and retention strategy," he said.

The BLS compiled its data through current employment statistics, local area unemployment statistics and quarterly census of employment and wages.