MONEY

Wisconsin’s unemployment rate inched higher to 3.0 percent in August

John Schmid
Milwaukee Journal Sentinel
File

Wisconsin’s monthly unemployment rate inched higher to 3 percent in August after fluctuating below that level in the previous six months.

The monthly index had fallen below 3 percent in February for the first time since record keeping began and has hovered at 2.8 percent or 2.9 percent since then. Until this year, the state’s record-low unemployment rate was 3 percent in 1999, when the nation was enjoying a tech-led economic boom.

“For 7th consecutive month, state's unemployment rate stands at 3 percent or less,” according to a statement Thursday from the state Department of Workforce Development.