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Wisconsin Unemployment Stats and News
Wisconsin Unemployment Stats
Current and Historical Wisconsin Stats Analysis
Currently, Wisconsin's unemployment stats are promising. After its unemployment rate peaked at 9.2 percent in December 2009, it has dropped to 4.2 percent (the lowest it has been since that peak).
Even better, Wisconsin's unemployment rate is currently below the national rate of 4.9 percent and the number of unemployed people decreased by over 10,000 from the previous year during the month of August. However, an increase of almost 1,200 unemployed people from the July is somewhat troubling.
These changes actually belie the fact that Wisconsin is recovering slower than many states, suffering from a new employment rate that is 36th in the nation. Interestingly, the income rate is growing at a top 10 level.
This indicates that higher-level jobs are being created and that people are getting paid more in the state than ever. This is promising, though low-level jobs still need to be created at a higher rate.
Why Unemployment Stats Are Valuable
Wisconsin Unemployment Stats Resources
There are a variety of sites and resources that you can utilize to gauge Wisconsin unemployment stats. For example, the Department of Workforce Development follows unemployment rates and other information to track how rates are changing across the year.
The US Bureau of Labor Statistics also has state-specific websites that track unemployment rates and the employment surges and drops in specific industries. Use the Wisconsin site to find out which kind of jobs and careers are most active in the state.
Another Resource is WorkNET which offers month-by-month unemployment statistics for Wisconsin and other states across the country. This helps give you a more in-depth look at the situation in the state.
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Wisconsin Unemployment News
Wisconsin Unemployment in the News
A new salaried-exempt rule is expected to go into effect next year, which states that exempt positions must meet a $47,476 minimum annual salary after December 1, 2016, in order to receive unemployment benefits in Wisconsin.
This rule is only for employees who are paid a salary and not an hourly wage. No changes will go into effect until the next calendar year. This gives organizations and employees time to prepare.
This recent Wisconsin unemployment news means the wage level of exempt employees will be increased, making it harder for people to meet this criteria. As a result, employers may end up paying less unemployment insurance taxes and fewer funds may be available.
The state is also approaching the problem by offering more government jobs at various levels, adding 6,000 in the month of October. These new jobs help create a stronger and more viable work environment, one that is adaptable to a growing need for employment.