Montana’s Unemployment Rate Drops to 4.0% in January

• March 15 2021

HELENA, Mont. – Montana’s unemployment rate declined in January to 4.0%. Montana’s rate remains lower than the national rate of 6.3% in January. After accounting for Montana’s annual benchmarking revisions, January’s unemployment rate fell 0.2% over the month.

“Montana’s economy is growing stronger as we work toward an end to this public health and economic pandemic,” Governor Greg Gianforte said. “The path forward is clear. We need to get our economy going again, get Montana open for business, and get Montanans back to work in good-paying jobs.”

Total employment, which includes payroll, agricultural, and self-employed workers, increased by 1,191 jobs in January in a rebound following December’s contraction. Payroll employment added 700 jobs in January, with job gains highest in professional services and wholesale and retail trade.

The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.3% in January, driven by continued increases in gasoline prices. Over the last 12 months the CPI-U has increased 1.4%. The index for all items less food and energy, referred to as core inflation, was unchanged in January.

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** 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 non-seasonal patterns easier to identify. The margin of error for the unemployment rate is plus or minus 0.6 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 & Industry’s Research and Analysis Bureau at 406-444-4100.

Due to the annual benchmarking process the next Labor Situation Report for the month of February will be released on March 26. The normal data release schedule of the third Friday of the month will resume in April. The annual benchmarking process re-estimates and smooths the labor market data with updated population estimates and additional data, improving data accuracy.

**** 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. Visit www.lmi.mt.gov/home/job-tracking for Montana unemployment claims and economic data on the current recession.

****** 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 5.0%. 

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

The unemployment rate and ranking for each of Montana’s seven reservations is provided below.  Reservation unemployment rates and employment levels are not seasonally adjusted and should be compared to the unadjusted statewide unemployment rate of 5.0%. Reservation areas overlap with county areas, meaning that unemployed individuals living on a reservation will be included in both the reservation and county totals.

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