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St. Croix unemployment up slightly over May, but still 2nd lowest in state

The Wisconsin Department of Workforce Development (DWD) announced Wednesday the preliminary June 2014 unemployment rates for Wisconsin’s 72 counties. At 4.2 percent, St. Croix County’s rate is the second lowest in the state.

St. Croix’s June rate is higher than May’s final rate of 3.9 percent, but lower than April’s final rate of 4.3 percent.

One year ago, the county’s unemployment rate was estimated at 4.7 percent, according to information provided by Bill Rubin, executive director of the St. Croix County Economic Development Corp.

DWD said rates decreased in all counties from May to June 2014, except for Iron which had no change.

Compared to June 2013, the rates increased in 61 of 72 counties and decreased or remained the same in the remaining 11 counties.

Rates between May and June 2014 increased in all 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 June at 4.2 percent (up from the May final rate of 3.8 percent), followed by St. Croix (also at 4.2 percent), Pierce County (4.5 percent), Kewaunee (4.6 percent), and Calumet (4.7 percent). Menominee County (17.8 percent) had the highest unemployment rate in June, followed by Iron (11.2 percent), Ashland (9.1 percent), Forest (8.3 percent), and Sawyer (also at 8.0 percent).

St. Croix, Pierce, Polk, and Dunn counties comprise Wisconsin’s Greater St. Croix Valley. In addition to St. Croix and Pierce referenced above, Dunn’s rate was 5.5 percent and Polk’s was 5.9 percent. All four counties had lower unemployment rates compared to June 2013.

St. Croix and Pierce counties are included in the 16-county Minneapolis-St. Paul-Bloomington Minnesota-Wisconsin metro area. The Twin Cities reported an unemployment rate of 4.5 percent in June, compared to 4.0 percent in May and 4.1 percent in April. One year ago, the unemployment rate in the Twin Cities was 5.2 percent.

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

The preliminary (seasonally adjusted) unemployment rate in Minnesota in June was estimated at 4.5 percent, which is down from May’s final rate of 4.6 percent and April’s final rate of 4.7 percent. Minnesota’s seasonally adjusted rate one year ago was 5.1 percent.

The preliminary (seasonally adjusted) unemployment rate in the U.S. in June was estimated at 6.1 percent, which is less than the May and April rate of 6.3 percent. One year ago the U.S. rate was estimated at 7.5 percent.

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

Source: Wisconsin Department of Workforce Development; Minnesota Department of Employment and Economic Development; and St. Croix Economic Development Corp.