Madison, Wisconsin Unemployment
The BLS reported that the unemployment rate for Madison fell 0.1 percentage points in March 2023 to 1.9%. For the same month, the metro unemployment rate was 0.6 percentage points lower than the Wisconsin rate. The unemployment rate in Madison peaked in April 2020 at 11.1% and is now 9.2 percentage points lower. You can also compare Madison unemployment with unemployment in other cities.
| Unemployment Rate | March 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.5% | -0.1 | -0.1 |
| Wisconsin | 2.5% | -0.2 | -0.3 |
| Madison | 1.9% | -0.1 | -0.3 |
Unemployment Rate: Madison, Wisconsin, National
Note: Recessions shown in gray.
Madison, Wisconsin Unemployed
The number of people unemployed in Madison peaked in April 2020 at 42,269. There are now 34,797 fewer people unemployed in the metropolitan area.
| Unemployed Persons | March 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Madison | 7,472 | -570 | -1,053 |
Number of Unemployed Persons
Madison, Wisconsin Unemployment History
| Date | National Unemployment Rate |
Wisconsin Unemployment Rate |
Madison Unemployment Rate |
Madison Unemployed |
|---|---|---|---|---|
| April 2023 |
3.4% | — | — | — |
| March 2023 |
3.5% | 2.5% | 1.9% | 7,472 |
| February 2023 |
3.6% | 2.7% | 2.0% | 8,042 |
| January 2023 |
3.4% | 2.9% | 2.2% | 8,516 |
| December 2022 |
3.5% | 3.0% | 2.2% | 8,831 |
| November 2022 |
3.6% | 3.0% | 2.2% | 8,854 |
| October 2022 |
3.7% | 3.0% | 2.3% | 8,948 |
| September 2022 |
3.5% | 3.1% | 2.3% | 9,069 |
| August 2022 |
3.7% | 3.1% | 2.3% | 9,125 |
| July 2022 |
3.5% | 3.0% | 2.3% | 9,061 |
| June 2022 |
3.6% | 2.9% | 2.3% | 8,909 |
| May 2022 |
3.6% | 2.9% | 2.2% | 8,738 |
1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Unemployment
- / Wisconsin
- / Madison
