Wisconsin unemployment rate dropped in July
August 26, 2020
Wisconsin's unemployment rate fell to just 7 percent in July. This is a drop from 8.6 percent in June. Nationwide, the unemployment rate for July was 10.2%. That's a small improvement from June and better than our high of 14.7% in April.
There were still about 14,600 unemployment applications last week. The key to this number is that weekly unemployment applications are seen as a more current indicator of the health of the economy than the unemployment rate because unemployment rate is released at the end of the month. So, unemployment applications can be a valuable “real-time” indicator and status update for our job situation.
However, the health of local economies across the state remains mixed. Many counties continue to see high levels of unemployment. Menominee County had the highest unemployment rate in the state at 20 percent, followed by Forest County at 18.5 percent and Iron County at 14.2 percent.
Let’s keep the momentum going and get this show back on the road!
While you're here check out our recent Presidential Election update.
You can also read about the new "Coolest Thing Made in Wisconsin" contest!
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