State of Wisconsin
For Immediate Release May 27, 1998
Contact: Kevin Keane (608) 266-8110
MADISON Gov. Tommy G. Thompson announced today that Wisconsins unemployment rate hit an all-time low of 2.4 percent in April, giving the state the third lowest rate in the nation and shattering the previous record low of 2.9 percent set more than three decades ago.
Gov. Thompson said the record-low unemployment rate is a proud accomplishment for the people of Wisconsin as they prepare to celebrate the states 150th birthday this Friday.
"Wisconsin works wonders when it comes to creating endless opportunities for our families," Gov. Thompson said. "Through hard work and smart investments in our people, we are building the strongest economy on record in Wisconsin. What a remarkable symbol of strength for our state as we celebrate our 150th birthday this week."
Gov. Thompson said the April unemployment rate fell by nearly a full percentage point (seven-tenths) from 3.1 percent in March, the largest one-month drop in a decade. It represents a 1.3-percentage-point drop from April of last year.
All 11 of Wisconsins major urban areas experienced significant declines in their jobless rates in April. This includes a record low rate of 1.1 percent in Madison, which boasts the seventh lowest rate in the nation. Other notable rates are 1.7 percent in Sheboygan, 2 percent in La Crosse, 2.1 percent in Green Bay, 2.2 percent in Appleton-Oshkosh, and 2.6 percent in Milwaukee-Waukesha.
There were 11,500 more people working in April than in March, according to the latest seasonally adjusted employment figures. Wisconsin employers continue to have a high demand for workers throughout the state.
The April jobless figures for Wisconsin set several new standards, including: