There are still 28,500 fewer people in the labor force than a year ago, but at 3.8% unemployment, the state is at full employment. Why do we need a massive stimulus again?
MADISON – The Department of Workforce Development (DWD) today released the U.S. Bureau of Labor Statistics (BLS) preliminary employment estimates for the month of January 2021. The data shows that Wisconsin added 11,100 total non-farm and 7,000 private-sector jobs in the month of January. Wisconsin’s unemployment rate in January was 3.8 percent, down from 4.0 percent in December 2020.
• Place of Residence Data: Wisconsin’s labor force participation rate in January was 65.5, 4.1 percent higher than the national rate of 61.4 percent. Wisconsin’s unemployment rate in January was 3.8 percent, while the national unemployment rate was 6.3 percent in the same month.
• Place of Work Data: Wisconsin added 7,000 private-sector and 11,100 total non-farm jobs from December 2020 to January 2021. Both non-farm and private sector jobs were lower in January 2021 than they were in January 2020.