Overall unemployment rate moved down to 3.4% with the biggest shift in Restaurants & Hotels, which gained 2,700 roles, based on the most recently available information published in June 2022.
Total employment in the Milwaukee-Waukesha-West Allis, WI market rose by 1,031 jobs in May and the unemployment rate decreased compared to the prior month by 10 bps to 3.4%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Milwaukee-Waukesha-West Allis, WI unemployment rate is 2 bps above the national rate which is a negative sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 6.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Education & Healthcare: 166,600; -1,800
- Transportation & Utilities: 146,400; -300
- Business Services: 120,900; +800
- Manufacturing: 111,900; -1,100
- Government: 81,000; -1,200
- Restaurants & Hotels: 76,100; +2,700
- Financial Services: 47,600; -200
- Other Jobs: 42,500; +500
- Construction, Mining: 35,900; +2,000
- IT & Development: 12,400; +200
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.