Overall unemployment rate moved up to 5.9% with the biggest shift in Manufacturing, which lost 100 roles, based on the most recently available information published in April 2021.
Total employment in the Racine, WI market declined by 5 jobs in February and the unemployment rate increased compared to the prior month by 40 bps to 5.9%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Racine, WI unemployment rate is 65 bps below the national rate which is a positive sign.
- Unemployment in the market is 90 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in February versus prior month by -1.0% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.7%. Key sectors include:
- Manufacturing: 16,400; -100
- Transportation & Utilities: 14,300; -100
- Education & Healthcare: 11,500; no change
- Government: 8,700; no change
- Restaurants & Hotels: 6,600; -100
- Business Services: 5,600; -100
- Other Jobs: 3,500; no change
- Construction, Mining: 2,700; -100
- Financial Services: 2,300; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.