American Recovery and Reinvestment Act

    Welcome to Iowa's Economic Recovery
    Tuesday, July 29 2014 @ 03:41 AM CDT

    Iowa Unemployment Rate Holds Steady at 6.0 Percent

    Contact: Kerry Koonce: (515) 281-9646

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    DES MOINES, IOWA – Iowa’s seasonally adjusted unemployment rate for June held steady at 6.0 percent for the third consecutive month. One year ago, the state’s jobless rate was 6.1 percent. Meanwhile, the U.S. economy experienced a “soft patch” during second quarter that pushed the national unemployment rate to 9.2 percent in June from 9.1 percent in May.

    “Iowa’s economic recovery remains on track as we move into the second half of 2011,” said Teresa Wahlert, director of Iowa Workforce Development. “The state’s unemployment rate averaged 6.0 percent for the first six months of the year compared to 9.0 percent for the nation.”

    The state’s pool of unemployed persons increased to 100,900 in June from 100,500 in May. However, the number of unemployed fell by 1,500 since June 2010.

    The total number of working Iowans fell to 1,576,100 in June, its lowest point for the year. The figure compared with 1,582,500 for May, and 1,566,800 for one year ago.

     

     Seasonally Adjusted Nonfarm Employment

    Total nonfarm employment decreased to 1,482,300 in June; 4,500 less than in May, but 12,400 higher than one year ago. The private sector added a slight 500 jobs, which was offset by a larger-than-expected drop in government.

    Both retail trade and transportation added 2,000 jobs this month to lead all sectors, while health services advanced by 1,300 primarily due to job gains in social assistance. Local governments pared 4,600 jobs in June. Most of the monthly decline was not due to cyclical layoffs, but rather a shift in the seasonal summer employment in local governments. Workers who are typically furloughed in July were released in June this year. Elsewhere, other services decreased by 1,900 jobs due to cutbacks in membership associations and organizations along with personal and laundry services. Leisure and hospitality lost 1,700 jobs—the first decline since January. Financial activities dropped by 1,200 jobs, while construction and manufacturing reflected losses of 600 and 900, respectively.

    Compared to last year, nonfarm employment has increased by 12,400 jobs, or 0.8 percent. The private sectors, which have added 19,600 jobs, have accounted for the gains. On the other hand, government has shed 7,200 jobs over the year. Leisure and hospitality has added the most jobs since last June (7,600), followed by manufacturing (4,200), and health services (4,100). In private industry, year-over-year losses have been concentrated in financial activities (-2,600) and other services (-2,100).

    MEDIA ALERT: An audio cut of comments about Iowa’s labor market situation is available by calling (515) 281-6057. Statewide data for July will be released on August 19, 2011, followed by the posting of local data on August 23, 2011.

    Employment and Unemployment In Iowa, Seasonally Adjusted Data

               
           

    Change from

      June
     2011
    May
    2011
    June
     2010
    May
     2011
    June
     2010
    Civilian labor force 1,677,000 1, 683,000 1,669,200 -6,000 7,800
    Unemployment 100,900 100,500 102,400 400 -1,500
    Unemployment rate 6.0% 6.0% 6.1% 0.0 -0.1
    Employment 1,576,100 1,582,500 1,566,800 -6,400 9,300
                   
    U.S. unemployment rate 9.2% 9.1% 9.5% 0.1 -0.3
               

    Nonfarm Employment In Iowa, Seasonally Adjusted Data

               
    Total nonfarm employment 1,482,300 1,486,800 1,469,900 -4,500 12,400
    Mining 2,000 2,000 2,100 0 -100
    Construction 61,900 62,500 62,300 -600 -400
    Manufacturing 204,400 205,300 200,200 -900 4,200
    Trade, transportation and utilities 307,500 303,600 300,600 3,900 6,900
    Information 27,400 27,600 28,500 -200 -1,100
    Financial activities 98,500 99,700 101,100 -1,200 -2,600
    Professional and business services 124,800 122,900 120,800 1,900 4,000
    Education and health services 216,500 215,300 213,300 1,200 3,200
    Leisure and hospitality 136,900 138,600 129,300 -1,700 7,600
    Other services 54,800 56,700 56,900 -1,900 -2,100
    Government 247,600 252,600 254,800 -5,000 -7,200

     

    Unemployment Insurance Claims For Iowa

               
           

    % Change from

      June
     2011
    May
     2011
    June
     2010
    May
     2011
    June
     2010
    Initial claims 15,651 13,563 18,887 15.4% -17.1%
    Continued claims          
         Number of claimants 33,069 33,341 44,094 -0.8% -25.0%
         Weeks paid 123,320 103,631 161,849 19.0% -23.8%
         Amount paid $35,497,922 $30,291,690 $47,592,238 17.2% -25.4%

     

    Visit www.iowaworkforce.org/lmi/laborforce/locallaborforce.html for county unemployment rates,
    www.iowaworkforce.org/lmi/laborforce/index.html for current and historical labor force data and
    www.iowaworkforce.org/lmi/empstat/msanonag.htm for detailed information on nonfarm employment.

    Visit www.iowaworkforce.org/trends/wages.html for information on hours and earnings and
    www.iowaworkforce.org/trends/uiclaimscomo.html to obtain a breakout of jobless benefits by county.