Montana Jobless Rate Falls to 3.2% in July as Employment Rises by 625
Updated
Updated · the State of Montana NewsRoom · Aug 21
Montana Jobless Rate Falls to 3.2% in July as Employment Rises by 625
2 articles · Updated · the State of Montana NewsRoom · Aug 21
Summary
Montana’s unemployment rate edged down to 3.2% in July, below the U.S. rate of 4.1%, after the state added workers while its labor force was little changed.
Total employment rose by 625 and the number of unemployed fell by nearly 600, driving the monthly decline in the seasonally adjusted rate.
Payrolls increased by 700 jobs, led by professional and business services, retail trade, and wholesale trade, while accommodation and food service lost jobs.
County data showed wide variation: Prairie County had the lowest unadjusted rate at 1.4%, while Big Horn County posted the highest at 6.2%; the statewide unadjusted rate was 2.8%.
The report also cited July inflation data showing CPI-U up 0.1% on the month and 3.4% from a year earlier, with core inflation at 2.5%.