As Chubby Checker sang in Limbo Rock, “How low can you go?” Wisconsin’s unemployment just got a little bit lower, according to the Bureau of Labor Statistics, down to a record low of 2.8 percent.
“Our unemployment rate has dropped from 9.3 percent in 2010 to 2.8 percent today, more people are working than ever before, and household incomes are up,” Governor Scott Walker said in a release on Thursday. “That’s great news for Wisconsin’s hardworking families, but we’re not done yet. Wisconsin is ready to win the 21st century.”
The Wisconsin Department of Workforce Development (DWD) also announced Wisconsin’s labor force participation rate also increased by 0.2 percent to 68.9 percent, more than six percentage points higher than the national rate. “The number of people employed in Wisconsin also increased by 8,100 people setting a new record for the state with 3,086,100 individuals employed,” DWD announced.
In addition to that good economic news, DWD reports initial unemployment claims are at their lowest level in 30 years and continuing unemployment claims are at their lowest level since 1973.