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The Daily Cardinal Est. 1892
Thursday, May 16, 2024

Unemployment drops to 8.4 percent

Wisconsin's unemployment rate is down for the third month in a row, the Wisconsin Department of Workforce Development announced Thursday.

 

DWD Secretary Roberta Gassman said though unemployment is declining, the department recognizes that many people are still out of work.

 

""We are committed to doing all that we can to keep the economy moving forward and help job seekers and displaced workers gain employment,"" Gassman said in a statement.

 

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The unemployment rate for August was 8.4 percent, down almost a full percentage point from June's 9.2 percent rate.

 

However, in August 2008, the state had an unemployment rate of 4.6 percent, 3.8 percentage points lower than August of this year.

 

Nationally, August saw a 9.6 percent unemployment rate, which is down 0.1 percent from July but 3.5 percentage points higher than the national rate in August 2008.

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