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St. Croix County's jobless rate of 3.9% is third lowest in the state

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news River Falls, 54022

River Falls Wisconsin 2815 Prairie Drive / P.O. Box 25 54022

The Wisconsin Department of Workforce Development (DWD) announced the preliminary May 2014 unemployment rates for Wisconsin’s 72 counties on June 25. At 3.9 percent, St. Croix County’s rate is the third lowest in the state. St. Croix’s May rate is lower than April’s final rate of 4.3 percent and the final rate in March of 5.3 percent. One year ago, the county’s unemployment rate was estimated at 4.3 percent.

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DWD said rates decreased in all but three of the 72 counties from April to May. Dane, Milwaukee, and Ozaukee had no change. Compared to May 2013, the rates declined in all but two counties. Rates between April and May decreased or remained the same in 23 of Wisconsin’s 32 municipalities with population bases of least 25,000 residents. Compared to one year ago, rates declined in all of the 32 largest communities.

Dane County has the lowest rate in May at 3.8 percent (the same rate as April), followed by Pierce County also at 3.8 percent (down from the April rate of 4.3 percent), St. Croix (3.9 percent), Pepin (4.0 percent), and Calumet (4.1 percent). Menominee County (15.1 percent) had the highest unemployment rate in May, followed by Iron (11.3 percent), Ashland (8.5 percent), Vilas (8.1 percent), and Sawyer (also at 8.1 percent).

St. Croix, Pierce, Polk, and Dunn counties comprise Wisconsin’s Greater St. Croix Valley. In addition to Pierce and St. Croix referenced above, Dunn’s rate was 4.7 percent and Polk’s was 5.7 percent. All four counties had lower unemployment rates compared to May 2013.

St. Croix and Pierce counties are included in the 16-county Minneapolis-St. Paul-Bloomington MN-WI metro area. The Twin Cities reported an unemployment rate of 4.0 percent in May, compared to 4.1 percent in April and 4.9 percent in March. One year ago, the unemployment rate in the Twin Cities was 4.6 percent.

The preliminary (seasonally adjusted) unemployment rate for Wisconsin in May was estimated at 5.7, which is down from April’s final rate of 5.8 percent and the March final rate of 5.9 percent. One year ago, the state’s seasonally adjusted rate was 6.8 percent.

The preliminary (seasonally adjusted) unemployment rate in Minnesota in May was estimated at 4.6 percent, which is down from April’s final rate of 4.7 percent and the March final rate of 4.8 percent. Minnesota’s seasonally adjusted rate one year ago was 5.1 percent.

The preliminary (seasonally adjusted) unemployment rate in the U.S. in May was estimated at 6.3 percent, which is the same as April’s final rate and down from the March final rate of 6.7 percent. One year ago the U.S. rate was estimated at 7.5 percent.

May’s estimates are preliminary and are subject to revision within the next few weeks.

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