BLS Data: State Labor Force Participation Rate Holds Steady in October
16 Nov 2023
News
MADISON – The Department of Workforce Development (DWD) today released the U.S. Bureau of Labor Statistics (BLS) data showing Wisconsin's unemployment rate was 3.2% last month, up slightly from 3.1% in September and 0.7% below the national rate of 3.9% in October. The state's total labor force participation rate held steady at 65.8%, 3.1% higher than the national labor force participation rate of 62.7%.
Wisconsin's total non-farm jobs remained at a near-record high at 3,013,900 in October, even with a decrease by 1,400 from September. This is 32,800 more jobs than October 2022.
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