Employment Numbers Looking Up In Both MN, WI
Things are looking up in the job markets in both Minnesota and Wisconsin.
Minnesota has rebuilt the employment level it saw prior to the last recession and then some.
A report from the Minnesota Department of Employment and Economic Development shows 12,200 jobs were gained in August. That means Minnesota has recouped the more than 150,000 jobs that were shed in what some experts are calling the Great Recession, from back in 2008-09.
Minnesota has 5,100 more jobs in its economy than it had in February 2008. The recession hit soon after.
The same employment report shows the state’s seasonally adjusted unemployment rate for the month was 5.1 percent, which is better than the national average. It is Minnesota’s lowest jobless rate since April 2008.
The Associated Press reports that Wisconsin added 7,300 private sector jobs in August while the state’s unemployment rate dropped to 6.7 percent.
The Wisconsin Department of Workforce Development released the latest monthly unemployment figures Thursday.
In Wisconsin, Unemployment dropped slightly compared with 6.8 percent in July. The state rate continues to be lower than the national unemployment rate of 7.3 percent.
The figures are based on a survey of 3.6 percent of Wisconsin employers.