DWD: Wisconsin Unemployment Rate Could Hit 27%

The Wisconsin Department of Workforce Development says the state’s unemployment rate could reach 27 percent.  The report released Thursday blames the coronavirus pandemic for the startling projection.  The state agency says more than 48-thousand private businesses in Wisconsin are closed – or could be soon.  That could drive up the unemployment rate to record levels.  Just before the outbreak, Wisconsin’s jobless rate was at three-and-a-half percent.