Governor Steve Bullock today announced Montana’s unemployment rate remained at 3.9% for the month of October, maintaining the level it has been for most of 2017. The U.S. unemployment rate declined by 0.1 percentage points to 4.1%.
“Montana businesses, workers and our communities continue to reap the benefits of our strong economy,” said Governor Bullock. “More folks are working than ever before in our state’s history, wages are on the rise, and we’re working hand in hand with the private sector and our education system to ensure employers have access to a highly-skilled and trained workforce.”
Montana added 1,300 payroll jobs over the last month, with gains in construction and leisure services. Total employment (which includes payroll jobs plus self-employed and agricultural workers) remained fairly level over the month on a seasonally adjusted basis.
The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.1% in October. Gasoline prices fell after a large increase in September, but price increases for shelter and other items outweighed the declining gas prices. Over the last 12 months, the CPI-U has increased by 2.0%. The index for all items less food and energy, also called core inflation, increased 0.2% in October.