United States Congress Joint Economic Committee

Wisconsin

September 2023

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August Employment Update
Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Wisconsin Unemployment (U-3) 2.7% 2.9% 2.8%
U.S. Official Rate (U-3) 3.6% 3.7% 3.6%
U.S. "Real" Rate (U-6) 7.1% 6.7% 7.0%
Wisconsin Labor Force Participation Rate 64.5% 64.5% 65.4%
U.S. Labor Force Participation Rate 62.8% 62.6% 62.3%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 3.0% 4.0% 9.1%
"Core" CPI Inflation 4.3% 4.7% 6.3%
National Gas/gal. Updated 9/30/23 12:00 AM $3.82 $3.83 $3.80
Wisconsin Gas/gal. $3.48 $3.60 $3.94
Midwest Region: Loaf of Bread $1.96 $1.94 $1.74
Midwest Region: Milk/gal. $2.57 $2.62 $2.17
Economic Growth (BEA, WSJ/Haver)
U.S. Real GDP
Q4/2022 (2nd Estimate)
2.7%
WI Real GDP
Q1/2023
1.2%
S&P 500 (YTD)
11.68% Updated 9/30/23 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
WI Hourly Rate
$7.25
Last Generated: 9/30/23 5:15 AM