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Since January 2014, the unemployment rate in Iowa has been 4.3 percent. Seasonally adjusted unemployment rates in this state have slightly increased. In contrast, the national unemployment rate is 6.7 percent. The national unemployment rate has decreased by three-tenths from November to 6.7 percent in December 2013.
These are examples of the fluctuation of unemployment rates comparing Iowa with the national rate:
Iowa’s Unemployment Rate:
January 2014: 4.3 percent
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December 2013: 4.2 percent
National Unemployment Rate:
January 2014: 6.6 percent
December 2013: 6.7 percent
November 2013: 7 percent
December 2012: 7.9 percent
The national unemployment rate showed a slight decrease since December 2013. From 6.7 percent, it lowered to 6.6 percent. This has been the lowest national rate since the year 2008.
Iowa has been improving with the unemployment rate. Iowa had the fifth-lowest unemployment rate in the year 2013.
The total number of working people in Iowa has increased over the past year. The number of workers has reached 1,606,100. This number was 1,300 higher than December and 21,600 higher than one year ago.
Due to seasonal workers being laid off, the number of nonfarm jobs decreased by 7,300 in January. Construction also contributed to this loss. Nonfarm employment has been increasing and is currently 19,500 jobs higher than last year.
Due to professional and business services, more jobs have been added in January 2014 and continue to grow.
For more information on national and Iowa’s unemployment rates, please visit this site:
*Data provided belongs to the Iowa Workforce Development website.
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