St. Croix County’s February unemployment rate is 5.6 percent
The Wisconsin Department of Workforce Development (DWD) last week announced the preliminary February 2014 unemployment rates for Wisconsin’s 72 counties. At 5.6 percent, St. Croix County’s rate is the sixth lowest in the state. St. Croix’s February rate is higher than January’s final rate of 5.1 percent and December’s final rate of 4.2 percent. One year ago, the county’s unemployment rate was estimated at 6.6 percent.
DWD said rates increased in all but three of the 72 counties between January and February. Iron County’s rate decreased and Bayfield and Florence had no change. Compared to February 2013, the rates declined in all but two counties. Rates between January and February also increased in all but two of Wisconsin’s 32 municipalities with populations 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 February at 4.6 percent, followed by Calumet (5.2 percent), La Crosse (5.4 percent), Pierce (5.5 percent), Ozaukee (5.6 percent), and St. Croix, also at 5.6 percent. Bayfield County (12.7 percent) had the highest unemployment rate in February, followed by Iron (12.6 percent), Door (12.0 percent), Sawyer (11.9 percent), and Vilas (11.8 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 6.7 percent and Polk’s rate was 8.1 percent. All four counties had lower unemployment rates compared to February 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 5.0 percent, compared to January’s rate of 5.1 percent. One year ago, the unemployment rate in the Twin Cities was 5.5 percent.
The preliminary (seasonally adjusted) unemployment rate for Wisconsin in February was estimated at 6.1 percent, which is down from December’s final rate of 6.2 percent (previously announced at 6.1 percent) and December’s final rate of 6.3 percent. One year ago, the state’s seasonally adjusted rate was 6.9 percent.
The preliminary (seasonally adjusted) unemployment rate in Minnesota in February was estimated at 4.8 percent, which is up slightly from the December and January rate of 4.7 percent. Minnesota’s seasonally adjusted rate one year ago was 5.5 percent.
The preliminary (seasonally adjusted) unemployment rate in the U.S. in February was estimated at 6.7 percent, which is up from the January rate of 6.6 percent and the same as December’s final rate of 6.7 percent . One year ago the U.S. rate was estimated at 7.7 percent.
February’s estimates are preliminary and are subject to revision within the next few weeks.