Montana’s Unemployment Rate at 4.1 Percent in September - news.mt.gov

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Montana’s Unemployment Rate at 4.1 Percent in September

Montana’s Unemployment Rate at 4.1 Percent in September

Tuesday, October 20, 2015/Categories: Department of Labor and Industry, Governor's Office/Tags: Unemployment Rate

FOR IMMEDIATE RELEASE, October 20, 2015
CONTACT:
Tim Crowe, Governor’s Office, 444-9844

Jake Troyer, Communications Director, Department of Labor & Industry, 444-1674

Barbara Wagner, Chief Economist, Department of Labor & Industry, 444-5474

HELENA – Montana’s unemployment rate dropped slightly in September to 4.1 percent, a decline of 0.1 percentage points from the revised August estimate of 4.2 percent.  The U.S. unemployment rate remained unchanged over the month at 5.1 percent.

“Montana’s economy continues to show strength as we head toward the end of the year,” Governor Steve Bullock said.  “Over 10,000 jobs have been added over the last twelve months, and wages are outpacing the national average.”

“Montana’s unemployment rate has hovered around four percent for the last several months, which is considered an ideal level for unemployment,” said Labor Commissioner Pam Bucy. “Our economy continues to be strong, with rising wages and increasing opportunities for our workers and businesses.”

Both total employment and payroll employment levels showed little change over the month.  Payroll employment indicated a 900 jobs loss over the month, with job losses in the construction industry.  Construction employment has shown strength over the last year; this month’s data may just reflect a temporary decline from a few projects finishing before the winter months.  Total employment estimates, which include agricultural and self-employed workers along with payroll workers, indicate a statistically insignificant loss of 353 jobs.  Employment growth during 2015 remains quite strong, with a 2.1 percent increase in employment over the last year compared to the long-term average of about 1 percent. 

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.2 percent in September on a seasonally adjusted basis, marking two straight months of price declines.  The energy index fell 4.7 percent, with gasoline falling sharply.  The index for all items less food and energy (also called core inflation) rose 0.2 percent in September.

###

** Statewide 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 September 2015 will be released on Friday, November 20, 2015. 

 

Description: ourfactsyourfuture code.png****** 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 evaluates hiring trends by industry.

 

 

****** 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 3.3 percent. 

 

 

Unemployment Rate

Employment

Rank

County

Current Unemployment Rate

Change over Year

Current Employment

Job Change from Last Year

1

McCone

1.7

-0.4

1,067

-30

2

Fallon

1.9

0.1

2,087

23

2

Sheridan

1.9

-0.5

2,051

18

4

Garfield

2.0

-0.4

691

-50

5

Gallatin

2.2

-0.6

58,550

2,316

5

Valley

2.2

-0.5

4,340

121

7

Liberty

2.4

-0.7

927

-46

7

Sweet Grass

2.4

-0.7

1,767

-4

9

Custer

2.5

-0.4

6,344

13

10

Chouteau

2.6

-0.4

2,426

-81

10

Daniels

2.6

-0.7

893

-27

10

Judith Basin

2.6

-1.2

955

-20

10

Lewis and Clark

2.6

-0.6

34,564

547

14

Beaverhead

2.8

-0.4

4,716

-76

14

Madison

2.8

-0.9

3,870

-18

14

Richland

2.8

0.6

7,321

313

14

Yellowstone

2.8

-0.5

79,632

2,421

18

Dawson

2.9

0.3

4,835

90

18

Fergus

2.9

-0.6

5,482

-86

18

Powder River

2.9

0.1

1,020

-22

21

Missoula

3.0

-0.7

59,958

1,627

22

Carbon

3.1

-0.4

5,360

93

22

Carter

3.1

0.5

623

-43

22

Jefferson

3.1

-0.7

5,482

61

22

Phillips

3.1

-0.9

1,877

-68

22

Teton

3.1

0.0

2,799

-49

22

Toole

3.1

0.5

2,270

-25

28

Deer Lodge

3.3

-0.4

5,136

65

28

Meagher

3.3

-0.2

852

-14

28

Stillwater

3.3

-0.1

4,875

50

31

Prairie

3.4

-0.2

490

-16

32

Cascade

3.5

-0.2

36,777

57

32

Golden Valley

3.5

-0.2

387

-1

34

Hill

3.6

-1.3

7,327

-93

34

Park

3.6

-0.5

7,980

88

34

Silver Bow

3.6

-0.7

16,164

108

37

Blaine

3.7

-1.0

2,265

-75

38

Broadwater

3.8

-0.4

2,400

-1

38

Musselshell

3.8

0.3

2,323

29

38

Powell

3.8

-0.3

2,835

-17

41

Pondera

3.9

-0.5

2,645

-76

41

Wibaux

3.9

0.9

542

-6

43

Treasure

4.1

0.7

330

-14

44

Ravalli

4.2

-1.0

18,204

222

45

Flathead

4.4

-0.7

42,121

520

45

Lake

4.4

-0.5

11,922

64

47

Roosevelt

4.5

0.1

4,596

36

47

Wheatland

4.5

0.5

724

-48

49

Rosebud

5.1

-0.1

3,806

-95

50

Big Horn

5.2

-2.9

5,224

35

51

Granite

5.4

0.2

1,525

41

52

Petroleum

5.7

2.4

282

-8

53

Mineral

5.8

-1.7

1,649

10

54

Glacier

6.7

-2.4

5,574

-74

55

Sanders

6.9

-0.2

4,350

-23

56

Lincoln

7.3

-1.1

7,279

-30

 

 

 

 

****** RESERVATION UNEMPLOYMENT RATES ******

The unemployment rate and ranking for each of Montana’s seven reservations is provided below for your convenience.  Reservation unemployment rates and employment levels are not seasonally adjusted and should be compared to the unadjusted statewide unemployment rate of 3.3 percent.  Reservation areas overlap with county areas, meaning that unemployed individuals living on a reservation will be included in both the reservation and county totals.

 

 

Unemployment Rate

Employment

Rank

Reservation

Current Unemployment

Change over Year

Current Employment

Job Change from Last Year

Rate

1

Flathead

4.7

-0.5

11,715

63

2

Fort Peck

5.5

0.1

4,148

40

3

Crow

8.0

-4.3

2,615

23

4

Fort Belknap

8.4

-1.9

746

-25

5

Blackfeet

9.5

-3.0

3,931

-56

6

Rocky Boy's

10.6

-3.0

1,061

-20

7

Northern Cheyenne

11.6

-1.1

1,375

-18

 

 

 

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