Overall unemployment rate moved down to 3.6% with the biggest shift in Restaurants & Hotels, which lost 6,300 roles, based on the most recently available information published in November 2022.
Total employment in the Milwaukee-Waukesha-West Allis, WI market declined by 9,633 jobs in September and the unemployment rate decreased compared to the prior month by 30 bps to 3.6%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Milwaukee-Waukesha-West Allis, WI unemployment rate is 28 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 5.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Education & Healthcare: 165,900; +1,500
- Transportation & Utilities: 149,800; -200
- Business Services: 125,400; -500
- Manufacturing: 112,900; -1,000
- Government: 80,400; +3,600
- Restaurants & Hotels: 73,600; -6,300
- Financial Services: 48,200; +300
- Other Jobs: 42,200; -900
- Construction, Mining: 38,500; -200
- IT & Development: 12,400; -100
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.