Unemployment
The Wisconsin Department of Workforce Development released August employment data on Wednesday, and it shows that workers are in even more demand in the Sheboygan Metro area. The unemployment rate declined one-tenth of one percent from July’s 3.3% to 3.2% in August. The Federal Reserve considers a rate of 5% to be full employment, and anything less indicates a worker shortage.
In the City of Sheboygan, the rate, which is not seasonally adjusted, remained unchanged at 3.9%. Sheboygan has the 16th lowest rate among the State’s 34 largest cities.
Compared with a year ago, the Metro Area saw a decline of 1.6%, while the City’s unemployment rate was down 2% from August of 2020.
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