Governor Bullock Announces Montana Unemployment Rate Drops to 3.9% - news.mt.gov

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Governor Bullock Announces Montana Unemployment Rate Drops to 3.9%

2,700 jobs added to state’s economy at the beginning of 2017

Monday, March 13, 2017/Categories: Governor's Office/Tags:

Montana Governor Steve Bullock today announced Montana’s unemployment rate dropped 0.1 percentage points in January, down to 3.9%. The U.S. unemployment rate increased by 0.1 percentage points to 4.8% in January.

Our economy is strong and our unemployment rate is the lowest it has been in nearly a decade,” said Governor Bullock. “I am hopeful the legislature will support this job growth by investing in our workers, education, and infrastructure.

Montana’s economy is off to a hot start in 2017, adding 2,700 jobs,” said Labor & Industry Commissioner Pam Bucy. “With the unemployment rate at this level, there are opportunities for workers to find jobs across a broad spectrum of industries.

Payroll employment in Montana increased by 2,700 jobs over the month, with private jobs gaining by 3,100 jobs, but public sector jobs declining by 400.  Total employment levels, which include self-employed and agricultural workers, indicated a statistically insignificant decline of 536 jobs over the month. Since January of last year, Montana has added over 4,500 jobs.

Every year, the Bureau of Labor Statistics re-estimates employment and unemployment levels over the past year to improve the accuracy of the statistics. The newly revised estimates for 2016 are now available for the nation and for Montana, with the county level revisions being issued later this year. The revised estimates indicate employment growth of roughly 6,500 jobs in 2017 compared to 2016, or 1.3%.  The 2016 growth rate was faster than the long-term average growth for Montana.  The compounding annual rate of growth for total employment in Montana since 1980 is 1%.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in January, the largest inflation increase since February 2013.  Sharp increases in the price for gasoline is the primary cause for the increase. Over the last 12 months, the CPI-U has increased by 2.5%, which is temporarily above the 2% target set by the Federal Open Market Committee of the Federal Reserve. The index for all items less food and energy, also called core inflation, rose 0.3% in January.

** Unemployment figures are seasonally-adjusted.  Seasonally-adjusted numbers remove the effects of events that follow a more or less regular month-to-month pattern each year. These adjustments make nonseasonal patterns easier to identify. The margin of error for the unemployment rate is plus or minus 0.5 percentage points at the 90 percent confidence level. All questions relating to the calculation of unemployment rates should be directed to the Montana Department of Labor and Industry’s Research and Analysis Bureau at 1-800-541-3904.

The next Labor Situation Report for the month of February 2017 will be released on Friday, March 24, 2017. 

****** INFORMATION AVAILABLE ON THE INTERNET ******

Visit our website at www.lmi.mt.gov for additional information and analysis, including industry employment levels, background on the unemployment rate, and wage rates by occupation.  This month’s Economy at a Glance is a primer on how to look up employment data for local economies.

****** COUNTY UNEMPLOYMENT RATES ******

The unemployment rate and ranking for each of Montana’s 56 counties is provided below for your convenience.  County unemployment rates and employment levels are not seasonally adjusted and should be compared to the unadjusted statewide unemployment rate of 4.8%. 

 

   

Unemployment Rate

Employment

Rank

County

Current Unemployment

Rate

Change over Year

Current Employment

Job Change from Last Year

1

McCone

2.5

0.2

990

-2

2

Carter

2.8

-0.9

663

32

2

Daniels

2.8

-0.9

907

27

4

Gallatin

2.9

-0.4

60,436

2,200

5

Wibaux

3.0

-1.2

484

6

6

Powder River

3.2

0.4

1,013

-12

7

Liberty

3.3

0.1

938

9

7

Toole

3.3

-0.6

2,136

-7

9

Fallon

3.6

-0.5

1,693

-55

10

Beaverhead

3.7

-0.8

4,866

105

10

Dawson

3.7

-0.4

4,398

-179

10

Sweet Grass

3.7

-0.3

1,675

-30

13

Sheridan

3.8

-0.4

1,848

-63

14

Chouteau

3.9

-0.6

2,409

55

14

Garfield

3.9

-0.1

733

16

16

Deer Lodge

4.0

-1.0

5,153

112

17

Madison

4.1

-0.3

4,827

208

17

Valley

4.1

-0.3

4,210

23

17

Yellowstone

4.1

-0.3

78,308

635

20

Custer

4.2

-0.5

5,944

-56

20

Lewis and Clark

4.2

0.1

34,078

292

20

Prairie

4.2

-0.4

506

7

20

Richland

4.2

-0.5

5,747

-555

24

Hill

4.4

-0.4

7,488

75

24

Judith Basin

4.4

-0.6

885

10

24

Missoula

4.4

-0.6

57,613

-47

27

Carbon

4.5

-0.8

5,191

34

27

Cascade

4.5

-0.5

36,549

8

27

Treasure

4.5

-0.7

322

-24

30

Pondera

4.6

-0.1

2,726

9

31

Meagher

4.8

-0.4

918

8

32

Silver Bow

4.9

-0.7

16,423

72

32

Stillwater

4.9

-0.4

4,571

-31

34

Jefferson

5.0

-0.9

5,382

51

35

Park

5.2

-0.5

7,661

58

35

Roosevelt

5.2

-0.9

4,391

-28

35

Wheatland

5.2

-1.8

741

28

38

Blaine

5.3

-0.4

2,197

-19

39

Musselshell

5.4

-1.6

2,174

-5

39

Teton

5.4

0.9

2,633

-48

41

Lake

5.6

-0.6

12,257

229

42

Fergus

5.7

-0.2

5,511

124

43

Powell

5.8

-0.8

2,627

7

44

Ravalli

6.0

-0.7

18,244

157

45

Broadwater

6.1

-0.7

2,397

7

45

Golden Valley

6.1

0.3

357

1

45

Rosebud

6.1

-0.6

3,763

-27

48

Phillips

6.5

-0.7

1,760

-55

49

Petroleum

6.6

-0.4

254

2

50

Flathead

6.7

-0.9

42,248

571

51

Granite

7.7

0.7

1,506

-7

52

Mineral

9.3

-1.5

1,464

33

53

Glacier

9.4

-1.1

4,913

-126

54

Sanders

9.5

-1.8

4,126

-36

55

Lincoln

10.5

-2.5

6,978

151

56

Big Horn

11.3

3.6

5,114

32

 

 

 

 

Unemployment Rate

Employment

Rank

Reservation

Current Unemployment

Change over Year

Current Employment

Job Change from Last Year

Rate

1

Flathead

6.7

-0.7

11,757

196

2

Fort Peck

7.6

-0.9

3,988

-21

3

Crow

11.7

5.0

2,548

17

4

Fort Belknap

13.7

-1.0

729

-7

5

Blackfeet

14.3

-1.4

3,582

-83

6

Rocky Boy's

14.7

-1.3

1,060

15

7

Northern Cheyenne

15.3

0.1

1,357

-3

 

 

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