The Courier 

How Low Will It Go? Jobless Rate Here 2.9%

Unemployment Rate 4.7% In State, 6.1% Nationwide

 


Montana’s unemployment rate was at 4.7 percent in August, a slight increase of one-tenth of one percentage point from July.

The jobless rate in Valley County, meanwhile, is now sitting just under 3 percent. At 2.9 percent, only 124 residents are reported as unemployed.

In August, the U.S. unemployment rate also improved, decreasing by 0.1 percentage points to 6.1 percent.

The county rate is considerably better than in neighboring counties. Phillips County is reporting 4.1 percent, or 85 people unemployed, and Roosevelt County is at 5.7 percent, with 258 reported unemployed.

The state unemployment rate has decreased by 0.6 percentage points since January – and during that time, Montana has created more than 12,000 jobs. The unemployment rate has been between 4.5 percent and 4.7 percent since May.

“Job growth in the first half of 2014 was at a record-breaking pace, with more than 12,000 jobs added since the start of the year. Montana’s economy appears to be returning to a steadier, more moderate pace,” Gov. Steve Bullock said. “We continue to look forward to a positive year for economic growth.”


 

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