Iowa’s Unemployment Rate Increases to 2.5 Percent
MOINES, IOWA – Iowa’s seasonally adjusted unemployment rate increased slightly
to 2.5 percent in July. The state’s jobless rate was 2.4 percent one year ago.
The U.S. unemployment rate remained at 3.7 percent in July.
"After a solid year of 2.4 percent unemployment, unemployment ticked up slightly to 2.5 percent. However, the number of working Iowans increased to 1,680,500 in July, which is 4,000 higher than June and 35,500 higher than one year ago," said Beth Townsend, Director, Iowa Workforce Development. "We continue to have more job openings than we have Iowans to fill them. We have recently seen hundreds of Future Ready Iowa Last-Dollar Scholarships awarded by our community colleges which is a good indication that there are many Iowans who want to get upskilled to take advantage of all of the good jobs available in Iowa."
The number of unemployed Iowans increased to 42,800 in July from 41,400 in June. The current estimate is 1,800 higher than the year ago level of 41,000.
The total number of working Iowans increased to 1,680,500 in July. This figure was 4,000 higher than June and 35,500 higher than one year ago.
Visit www.iowalmi.gov for more information about current and historical data, labor force data, nonfarm employment, hours and earnings, and jobless benefits by county.