Madison, Wisconsin Unemployment
The BLS reported that the unemployment rate for Madison fell 0.0 percentage points in July 2022 to 2.2%. For the same month, the metro unemployment rate was 0.8 percentage points lower than the Wisconsin rate. The unemployment rate in Madison peaked in April 2020 at 11.2% and is now 9.0 percentage points lower. From a post peak low of 2.2% in February 2022, the unemployment rate has now grown by 0.0 percentage points. You can also compare Madison unemployment with unemployment in other cities.
| Unemployment Rate | July 2022 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.5% | -0.1 | -1.9 |
| Wisconsin | 3.0% | +0.1 | -0.8 |
| Madison | 2.2% | 0.0 | -0.7 |
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 42,662. There are now 33,795 fewer people unemployed in the metropolitan area. From a recent trough of 8,731 in May 2022, the number of unemployed has now grown by 136.
| Unemployed Persons | July 2022 | Month/Month | Year/Year |
|---|---|---|---|
| Madison | 8,867 | +127 | -2,536 |
Number of Unemployed Persons
Madison, Wisconsin Unemployment History
| Date | National Unemployment Rate |
Wisconsin Unemployment Rate |
Madison Unemployment Rate |
Madison Unemployed |
|---|---|---|---|---|
| August 2022 |
3.7% | — | — | — |
| July 2022 |
3.5% | 3.0% | 2.2% | 8,867 |
| June 2022 |
3.6% | 2.9% | 2.2% | 8,740 |
| May 2022 |
3.6% | 2.9% | 2.2% | 8,731 |
| April 2022 |
3.6% | 2.8% | 2.2% | 8,795 |
| March 2022 |
3.6% | 2.8% | 2.2% | 8,822 |
| February 2022 |
3.8% | 2.9% | 2.2% | 8,948 |
| January 2022 |
4.0% | 3.0% | 2.3% | 9,130 |
| December 2021 |
3.9% | 3.1% | 2.4% | 9,449 |
| November 2021 |
4.2% | 3.1% | 2.3% | 9,394 |
| October 2021 |
4.6% | 3.2% | 2.4% | 9,476 |
| September 2021 |
4.7% | 3.4% | 2.5% | 9,977 |
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
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