Unemployment filings decrease in May

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 Economic Snapshot

The number of people filing for unemployment decreased this month both nationally and in Wisconsin, according to U.S. Department of Labor data released Thursday.

Nationally, 409,000 people filed for unemployment during the second week of May, compared with 438,000 the previous week. In Wisconsin, 3,556 fewer people filing claims during the first week of May than in the last week of April.

However, 3.9 percent of Wisconsin’s work force had unemployment insurance at the end of April, tying Wisconsin for fifth-highest of any state. Alaska ranked highest with a rate of 5.8 percent. The nationwide seasonally adjusted rate was 3 percent.

Thanks to Business Journal.