United States Congress Joint Economic Committee

Wisconsin

March 2023

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February Employment Update
Labor Market (BLS/Haver)
Most Recent Prior Month 12 Mo. Prior
Wisconsin Unemployment (U-3) 2.9% 3.0% 2.8%
U.S. Official Rate (U-3) 3.5% 3.6% 3.9%
U.S. "Real" Rate (U-6) 6.8% 6.6% 7.2%
Wisconsin Labor Force Participation Rate 64.5% 64.6% 65.4%
U.S. Labor Force Participation Rate 62.1% 62.2% 61.9%
Prices (BLS/Haver, AAA)
Most Recent Prior Month 12 Mo. Prior
CPI-U Inflation 6.4% 6.5% 7.5%
"Core" CPI Inflation 5.6% 5.7% 6.0%
National Gas/gal. Updated 3/21/23 12:00 AM $3.44 $3.40 $4.25
Wisconsin Gas/gal. $3.24 $3.13 $3.92
Midwest Region: Loaf of Bread $1.92 $1.90 $1.57
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
Q3/2022
0.6%
S&P 500 (YTD)
2.92% Updated 3/21/23 5:00 AM
Minimum Wage (DOL/WHD)
National Hourly Rate
$7.25
WI Hourly Rate
$7.25
Last Generated: 3/21/23 10:05 AM