The state of Wisconsin has been trying to rise out of recession as much as possible. The state labor officials say that about 16,000 jobs have been added, thus leading to the fall in the unemployment rate of the state in April. The number of jobs added recorded the largest jump per month in the last fourteen years. About 3,300 jobs have been added to the manufacturing sector. The state’s seasonally adjusted jobless rate in April was 8.5 percent, down 0.3 percentage points from March. Wisconsin unemployment rate remains under the national unemployment rate of 9.9 percent.
The experts believe that this has been the road to the state’s positive recovery from the economic slowdown. As per the news reports, the Green Bay area’s unemployment rate was 9.1 percent, the jobless rate was 12.8 percent in Janesville and 8.4 percent for Neenah.
At the same time, most of the home owners in Wisconsin paid their monthly mortgage payment in the first quarter of this year. This was seen as a development in the economic growth. According to Jacobsen, who is chief portfolio strategist at Wells Fargo Advantage Funds, unemployment predicts if the person is going to default on a mortgage or not. He asks if the person is unemployed, then how can he make the mortgage payment?