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Month Seven of COVID-19:
St. Croix County’s October Unemployment Rate is 4.5%

On November 25th, the Wisconsin Department of Workforce Development (DWD) announced the preliminary October 2020 unemployment rates for Wisconsin’s 72 counties and the 34 cities with populations greater than 25,000 residents. St. Croix County’s October rate was estimated at 4.5%, which is lower than September’s final rate of 4.7% and August’s final rate of 6.3%. One year ago, the county’s unemployment rate was estimated at 2.6%.

DWD said preliminary unemployment rates from September to October decreased in eight (8) of the 72 counties over the month. The rates ranged from 3.1% in Clark to 14.3% in Menominee. 

Preliminary unemployment rates declined in three (3) of Wisconsin’s 34 largest municipalities from September to October. Rates ranged from 3.6% in Fitchburg to 8.6% in Milwaukee.

The five counties with the lowest unemployment rates in October include Clark (3.1%), Pepin (also at 3.1%), Kewaunee (3.2%), Lafayette (also at 3.2%), and Taylor (also at 3.2%). Menominee County had the highest rate in October at 14.3%, followed by Forest (10.4%), Iron (8.0%), Milwaukee (7.6%), and Adams (7.3%).

St. Croix, Pierce, Polk, and Dunn counties comprise Wisconsin’s Greater St. Croix Valley. In addition to St. Croix’s rate of 4.5%, October’s preliminary rate in Dunn is 3.9%, while Pierce reported 4.0% and Polk came in at 4.5.

St. Croix and Pierce counties are included in the 15-county Minneapolis-St. Paul-Bloomington MN-WI metro area. The October 2020 unemployment rate for the Twin Cities was estimated at 4.2% which is lower than September’s final rate of 5.9% and August’s final rate of 7.8%. The unemployment rate in the Twin Cities was 2.5% in October 2019.

The preliminary (seasonally adjusted) unemployment rate for Wisconsin in October was estimated at 5.7%, which is higher than September’s final rate of 5.4% and August’s final rate of 6.3%. One year ago, the state’s seasonally adjusted rate was 3.5%.

The preliminary (seasonally adjusted) unemployment rate in Minnesota in October was estimated at 4.6%, which is lower than September’s final rate of 5.9% and August’s final rate of 7.4%. Minnesota’s seasonally-adjusted rate one year ago was 3.3%.

The preliminary (seasonally adjusted) unemployment rate in the U.S. for October was estimated at 6.9%, which is lower than September’s final rate of 7.9% and August’s final rate of 8.4%. The October rate represents the sixth straight month the rate has declined. One year ago, the U.S. rate (seasonally adjusted) was estimated at 3.6%.

Wisconsin’s preliminary (seasonally adjusted) labor force participation rate for October was 67.2%, which is lower than September’s final rate of 67.4% and  August’s final rate of 65.6%. One year ago, Wisconsin’s labor force participation rate was 67.0%. The preliminary (seasonally adjusted) labor force participation rate for the U.S. in October was estimated at 61.7% which is higher than September’s final rate of 61.4% and the same as August’s final rate of 61.7%. One year ago, the labor force participation rate in the U.S. was 63.3%. 

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