Madison, WI
| Data Series | Nov 2021 | Jan 2022 |
|---|---|---|
| Unemployment Rate(3) | (2)1.9 | 2.3 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(4) | 405.6 | 395.9 |
| 12-month % change | 2.3 | 2.5 |
What is the unemployment rate in Wisconsin right now?
2.80%
Wisconsin Unemployment Rate is at 2.80%, compared to 2.80% last month and 4.30% last year. This is lower than the long term average of 5.35%.
Basic Info.
| Report | Regional and State Employment and Unemployment |
|---|---|
| Categories | Employment , Hours and Wages |
What is the highest unemployment rate in Wisconsin?
Wisconsin’s unemployment rate in April was 2.8 percent, tying the record low set in March and 0.8 percentage points below the 3.6% national unemployment rate for April.
What is the job market like in Madison WI?
Job Market
| Madison, WI | United States | |
|---|---|---|
| Current Unemployment | 3.3% | 6.0% |
| Future Job Growth | 37.9% | 33.5% |
| Recent Job Growth | -3.6% | -6.2% |
| 3 Yr. Job Growth | -2.6% | -3.6% |
Is the Wisconsin unemployment rate historically high low or about average?
Unemployment Rate in Wisconsin was 2.80% in March of 2022, according to the United States Federal Reserve. Historically, Unemployment Rate in Wisconsin reached a record high of 14.10 in April of 2020 and a record low of 2.80 in March of 2022.
How is Wisconsin economy doing?
Economic Outlook Rank
Wisconsin is currently ranked 14th in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables.
How many people in Wisconsin have jobs?
As of May 2021, there are 145M people employed in Wisconsin. This represents a 8.45% increase in employment when compared to May 2020.
What is the lowest unemployment rate in Wisconsin?
2.8%
MADISON, Wis. (WMTV) – The Department of Workforce Development released the preliminary employment estimates for March 2022. The data shows that Wisconsin’s preliminary unemployment rate declined to a record low of 2.8% in March, down from 2.9% in February.
What is Wisconsin’s GDP?
Wisconsin GDP represents 1.59% of US GDP which made it the 21st largest state economy in the nation in 2021. Wisconsin GDP was $365,931,000,000 in 2021 according to BEA data. Wisconsin GDP represents 1.59% of US GDP which made it the 21st largest state economy in the nation in 2021.
What is the cost of living in Madison Wisconsin?
Madison cost of living is 100.6
| COST OF LIVING | Madison | Wisconsin |
|---|---|---|
| Grocery | 97.9 | 94.7 |
| Health | 86.3 | 100.3 |
| Housing | 111.1 | 81.4 |
| Median Home Cost | $328,700 | $231,300 |
What is the average household income in Madison WI?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $67,565 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $39,595 |
| Persons in poverty, percent | 16.4% |
What is the economy of Madison?
The US average is 7.3%. – The Income Tax Rate for Madison is 6.3%. The US average is 4.6%.
Income and Salaries for Madison.
| ECONOMY | Madison, Wisconsin | United States |
|---|---|---|
| Unemployment Rate | 3.3% | 6.0% |
| Recent Job Growth | -3.6% | -6.2% |
| Future Job Growth | 37.9% | 33.5% |
| Sales Taxes | 5.5% | 6.2% |
What states have the highest unemployment rate?
Wyoming
| Rank | State | Unemployment rate |
|---|---|---|
| 1 | NORTH DAKOTA | 2.8 |
| 2 | NEBRASKA | 3.6 |
| 2 | UTAH | 3.6 |
| 4 | SOUTH DAKOTA | 3.7 |
What is the unemployment rate today?
2.7
| Unemployment Rate (%) | |
|---|---|
| Karnataka | 2.7 |
| Kerala | 5.8 |
| Madhya Pradesh | 1.6 |
| Maharashtra | 3.1 |
What is the highest unemployment rate in U.S. history?
14.7%
The unemployment rate has varied from as low as 1% during World War I to as high as 25% during the Great Depression. More recently, it reached notable peaks of 10.8% in November 1982 and 14.7% in April 2020. Unemployment tends to rise during recessions and fall during expansions.
Is wi a poor state?
Rich States, Poor States ranks Wisconsin 40th in the nation in all three categories.
What is the largest industry in Wisconsin?
What Are The Biggest Industries In Wisconsin
- Wisconsin’s gross state product is $348 billion.
- Wisconsin’s largest industries are the manufacturing, agriculture and healthcare.
- Top manufactured products of Wisconsin are food, beverages and tobacco products.
Is wi a rich state?
Wisconsin has the twenty-first highest income among states in the United States of America, with a per capita income of $26,624 (2010). See also List of U.S. states by income.
What is a good hourly wage in Wisconsin?
Hourly Rate Salary in Wisconsin
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,192 | $28 |
| 75th Percentile | $45,157 | $22 |
| Average | $37,371 | $18 |
| 25th Percentile | $27,001 | $13 |
What’s the average salary in Wisconsin?
In 2019, the average annual pay of employees in Wisconsin totaled to 50,459 U.S. dollars. This is an increase from 2001 levels, when this value stood at 31,540 U.S. dollars.
What is the average monthly salary in Wisconsin?
$5,547/month
As of May 19, 2022, the average annual pay for a National in Wisconsin is $66,569 a year. Just in case you need a simple salary calculator, that works out to be approximately $32.00 an hour. This is the equivalent of $1,280/week or $5,547/month.
