Economic scene

Unemployment rates come down after COVID highs

Unemployment rates began to return to more normal levels in 2021 and continued to fall in 2022, after COVID-19 sent numbers skyrocketing.

Iron County’s unemployment rate for June 2022 was 5.2%, compared to 6.8% in June 2021, and 14.2% in June 2020.

Wisconsin’s statewide unemployment rate for June 2022 was 2.9%, near the record low of 2.8% set the two previous months in March and April of 2022.

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Wisconsin’s unemployment rate in June 2021 was 5.9%, compared to 8.5% in 2020.

The state’s and Iron County’s numbers have come down since 2021. Unemployment was at 7.8% in January in Iron County and across the state it was 6.3 % in January 2021.

The coronavirus pandemic caused unemployment to rise across the nation and the region was also hard hit

The unemployment rate in Iron County rose to a record high 26.1% in April 2020, falling to 14.2% in June, compared to 5.5% in June 2019.

Across Wisconsin, unemployment rose quickly from a near record low of 3.1% in March 2020 to a record high of 14.1% in April 2020, before falling to 8.5% in June 2020.

The unemployment rate in Iron County had fallen over the past several years, hitting 5.2% in June 2018 after an historic high of 14.4% in March 2010. The unemployment rate in Wisconsin for June 2019 was 3.4%, compared to a record low of 3.0% in 2018.

In June 2017, Iron County’s unemployment rate was 6.0%. Statewide, the June 2017 unemployment rate was 3.3%.

In June 2016, the county’s unemployment rate was 7.5%, compared to 4.0% statewide.

In June 2015, Iron County’s rate was 9.2%, second highest in the state of Wisconsin, compared to 9.7% in June 2014.

The June statewide unemployment rate was 4.5% in 2015 and 5.4% in 2014. Unemployment peaked in Wisconsin in January of 2010 at 9.3%.

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