Unemployment Rate

IOWA’S SEASONALLY ADJUSTED UNEMPLOYMENT RATE REMAINED AT 2.9%
IN SEPTEMBER AMID A LABOR FORCE THAT REMAINED LARGELY STATIC
DESPITE JOB REDUCTIONS. THE STATE’S LABOR FORCE PARTICIPATION RATE
HELD STEADY AT 66.3%. THE U.S. UNEMPLOYMENT RATE DECREASED TO 4.1%
IN SEPTEMBER.
BETH TOWNSEND—EXECUTIVE DIRECTOR OF IOWA WORKFORCE DEVELOPMENT,
SAID, “ THE SEPTEMBER REPORT IS EVIDENCE THAT MANY IOWA BUSINESSES
REMAIN RELUCTANT TO HIRE DUE TO UNCERTAINTY ABOUT THE DIRECTION
OF THE NATIONAL ECONOMY. THIS ‘ WAIT AND SEE’ ATTITUDE WE ARE SEEING
IN HIRING IS UNLIKELY TO SUBSIDE UNTIL AFTER THE UPCOMING ELECTION.
HOWEVER, MORE THAN 52,000 OPEN JOBS REMAIN POSTED ON IOWAWORKS.GOV,
AND IWD IS WELL POSITIONED TO HELP ANYONE LOOKING FOR THEIR NEXT
JOB WITH EMPLOYERS, WHO ARE HIRING IN THEIR COMMUNITIES.”
THE NUMBER OF UNEMPLOYED IOWANS INCREASED TO 49,400 IN SEPTEMBER
FROM 48,400 IN AUGUST.
THE TOTAL NUMBER OF WORKING IOWANS FELL TO 1,634,500 IN SEPTEMBER.
THIS FIGURE IS 1,000 LOWER THAN AUGUST AND 18,800 LOWER THAN ONE YEAR
AGO.
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