Overall unemployment rate moved down to 4.9% with the biggest shift in Education & Healthcare, which lost 3,000 roles, based on the most recently available information published in September 2021.
Total employment in the Milwaukee-Waukesha-West Allis, WI market declined by 5,126 jobs in August and the unemployment rate decreased compared to the prior month by 10 bps to 4.9%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Milwaukee-Waukesha-West Allis, WI unemployment rate is 39 bps below the national rate which is a positive sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 3.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Education & Healthcare: 162,700; -3,000
- Transportation & Utilities: 145,200; +300
- Business Services: 124,200; -700
- Manufacturing: 118,600; +400
- Government: 75,700; +1,600
- Restaurants & Hotels: 75,100; +900
- Financial Services: 47,600; no change
- Other Jobs: 45,500; -200
- Construction, Mining: 34,000; +1,300
- IT & Development: 12,200; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.