Unemployment rate dips slightly in August
Rock County’s unemployment rate dipped slightly in August, but the county remains Wisconsin’s only metropolitan area in double digits.
Rock County, also known as the Janesville-Beloit Metropolitan Statistical Area, recorded an unemployment rate of 10.2 percent last month, according to data released Wednesday by the state Department of Workforce Development.
That’s down from 10.5 percent in July.
The August number is an improvement over August 2009, when the area’s unemployment rate was 12.4 percent.
With the exception of Eau Claire, every MSA in Wisconsin improved in August.
“In August, we continued to add jobs with gains in health care, education and manufacturing,” said DWD Secretary Roberta Gassman. “Local unemployment rates are declining overall, as we continue to help workers who are out of work find good-paying jobs.”
Seasonally adjusted numbers show local job growth was unchanged between July and August. The unadjusted numbers, however, indicate that Rock County lost 300 jobs in August.
The adjusted number takes into account jobs that are seasonally expected to be added or lost. Economists typically prefer to work with the seasonally adjusted numbers because they say it provides a truer picture of the economy.
The city of Janesville’s unemployment rate for August was 10.5 percent. At 15.3 percent, Beloit continues to have the highest rate among the state’s municipalities.
Statewide, the unemployment rate in August was 7.7 percent, down from 7.8 percent the previous month.
Last updated: 2:53 pm Thursday, December 13, 2012