Iowa Workforce Development released the latest unemployment numbers for January Monday morning and also revised its numbers from December.
IWD says January’s unemployment rate was 5-percent, remaining steady with the upwardly revised rate from December of 5-percent. December’s rate was originally reported as 4.9-percent.
The current rate is four-tenths lower than last year.
“Considerable progress was made in 2012 toward reducing the state’s unemployment rate,” said Teresa Wahlert, director of Iowa Workforce Development. “Iowa’s annual average unemployment rate dropped to 5.2-percent in 2012 from 5.9-percent in 2011. Additionally, hiring was also stronger last year than initially estimated with most industries receiving upward revisions to job growth.”
More than $65.5 million was paid out in January to unemployed Iowans. That’s an increase of more than $28 million from December.