May unemployment rate for St. Croix County at 3.7 percent, second lowest in the state
On June 24, the Wisconsin Department of Workforce Development (DWD) announced the preliminary May 2015 unemployment rates for Wisconsin’s 72 counties and the 32 cities with populations greater than 25,000 residents. St. Croix County’s rate was estimated at 3.7 percent.. For comparison, St. Croix’s final rate for April was 3.5 percent and March’s final rate was 4.6 percent. One year ago, the county’s unemployment rate was estimated at 4.3 percent.
DWD said unemployment rates decreased in all 72 counties compared to May 2014. The rates ranged from 3.4 percent in Dane County to 10.9 percent in Menominee.
The May 2015 preliminary unemployment rates decreased in all of Wisconsin’s 32 municipalities with population bases of least 25,000 residents compared to May 2014. The May 2015 rates ranged from 3.4 percent in Fitchburg to 7.4 percent in Racine.
St. Croix’s rate was the second-lowest in the state. Dane County had the lowest rate at 3.4 percent followed by St. Croix (3.7 percent, Trempealeau (also at 3.7 percent), Calumet (3.8 percent), and Lafayette (also at 3.8 percent). Menominee County had had the highest rate in May at 10.9 percent, followed by Iron (9.0 percent), Bayfield (7.9 percent), Sawyer (7.3 percent), and Forest (also at 7.3 percent).
St. Croix, Pierce, Polk, and Dunn counties comprise Wisconsin’s Greater St. Croix Valley. In addition to St. Croix referenced above, Pierce County’s preliminary rate in May was estimated at 4.0 percent. Dunn’s rate was 4.6 percent and Polk’s was 4.7 percent. All four counties had lower unemployment rates compared to May 2014.
St. Croix and Pierce counties are included in the 16-county Minneapolis-St. Paul-Bloomington MN-WI metro area. The May 2015 unemployment rate for the Twin Cities was estimated at 3.4 percent, which is lower than April’s final rate of 3.5 percent and March’s final rate of 4.0 percent. The unemployment rate in the Twin Cities was 3.7 percent in May 2014.
The preliminary (seasonally adjusted) unemployment rate for Wisconsin in May was estimated at 4.6 percent, which is higher than April’s final rate of 4.4 percent and the same as March’s final rate of 4.6 percent. One year ago, the state’s seasonally adjusted rate was 5.5 percent.
The preliminary (seasonally adjusted) unemployment rate in Minnesota in May was estimated 3.8 percent, which is higher than the final rate of 3.7 percent in April and March. Minnesota’s seasonally adjusted rate one year ago was 4.1 percent.
The preliminary (seasonally adjusted) unemployment rate in the U.S. for May was estimated at 5.5 percent, which is higher than April’s final rate of 5.4 percent and the same as March’s final rate of 5.5 percent. One year ago the U.S. rate was estimated at 6.3 percent.
May’s estimates are preliminary and are subject to revision within the next few weeks.
-- Submitted by St. Croix EDC