Mural depicting workers painted on windows of the Madison-Kipp Corp. by Goodman Community Center students and Madison-Kipp employees with Dane Arts Mural Arts. (Photo by Erik Gunn /Wisconsin Examiner)

The economic uncertainty that has sent the stock market and consumer confidence plummeting in the last month hasn’t yet affected employment in Wisconsin, according to the state’s chief economist.

Wisconsin’s job numbers reached another record high in March, and unemployment, although up slightly, is still close to an all-time low, the Department of Workforce Development (DWD) reported Thursday.

Uncertainty over the impact of tariffs imposed by the Trump administration has contributed to falling consumer confidence as well as business confidence, said Dennis Winters, DWD’s chief economist. So far that hasn’t affected the state’s job market, however, he said.

Based on a monthly federal survey of employers, DWD projected Wisconsin had 3.055 million nonfarm jobs in March — an increase of 10,000 from February and 15,000 from a year ago.

From a separate household survey, the department projected Wisconsin’s March unemployment rate at 3.2%. That’s even with February, but a slight increase from the 2.9% calculated for March of 2024.

The job growth was greatest in service industries, which added more than 21,000 jobs over the last 12 months.

Manufacturing jobs have fallen by 7,000 since March 2024 — all of that in durable goods. Winters said that reflects longstanding challenges in the sector more than specific recent developments.