Overall unemployment rate moved down to 3.7% with the biggest shift in Restaurants & Hotels, which lost 300 roles, based on the most recently available information published in November 2022.

Total employment in the Janesville-Beloit, WI market declined by 964 jobs in September and the unemployment rate decreased compared to the prior month by 30 bps to 3.7%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.

  • Janesville-Beloit, WI unemployment rate is 38 bps above the national rate which is a negative sign.
  • Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in September versus prior month by 16.6% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Janesville-Beloit, WI Unemployment September 2022

For key employment segments of the market, total jobs declined by -0.5%. Key sectors include:

  • Transportation & Utilities: 16,500; no change
  • Manufacturing: 10,700; -200
  • Education & Healthcare: 10,600; +100
  • Government: 8,400; +100
  • Restaurants & Hotels: 6,800; -300
  • Business Services: 6,200; no change
Janesville-Beloit, WI Unemployment by Industry September 2022

Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.