Wisconsin lost 1,400 private sector jobs in August and the state’s year-over-year job growth declined to 0.32%, the worst performance since July 2010, according to the latest data from the U.S. Bureau of Labor Statistics.
The state’s Department of Workforce Development released the monthly data on Thursday, highlighting that Wisconsin’s labor force participation rate remained unchanged in August at 67.2%.
“Along with the country’s, Wisconsin’s workforce is aging rapidly, with thousands retiring daily,” DWD Secretary-designee Caleb Frostman said. “To replace retiring workers, while also filling new positions, Wisconsin’s employers and workforce partners, very much including DWD, will need to continue their aggressive, creative, and inclusive workforce recruitment efforts.”
Compared to August 2018, the state’s labor force was down by around 6,000 people. The labor force participation rate has been trending down since mid-2017, dropping from 68.5% to 67.2%, a loss of more than 27,000 workers.
Wisconsin’s unemployment rate increased by a tenth of a percent to 3.1% in August.