JOBLESS RATE: October Numbers Decrease
Iowa’s unemployment rate dropped slightly from September to October.
The new numbers from Iowa Workforce Development show October’s rate was 5.1-percent. That’s down a tenth of a percent from September’s rate of 5.2-percent.
“The Iowa job market looked a little stronger in October, as the state’s unemployment rate continued to drop and hiring strengthened across most industry sectors,” says IWD director Teresa Wahlert. “Nonfarm jobs advanced by 6,000 in October, the largest monthly gain since February.”
A year ago, Iowa’s unemployment rate was 5.8-percent.
Nationally, the unemployment rate for October increased to 7.9-percent from September’s rate of 7.8-percent.