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Governor Bullock Announces Montana’s Unemployment Rate at 4.1%

Monday, March 12, 2018/Categories: Governor's Office, Montana.gov/Tags:

Montana’s unemployment rate remained level at 4.1% for the month of January. The U.S. unemployment rate also remained at 4.1%.

“Montana’s economy remains strong and we're working directly with businesses large and small to get more folks into good paying jobs,” said Governor Bullock. “Communities continue to attract new and innovative business to Montana because of our friendly business climate and unparalleled quality of life, all while schools are getting students ready to take on the jobs of today and the future."

Both payroll and total employment levels remained steady over the last month, with small gains in construction offset by small losses in other industries. In addition, the Department of Labor & Industry has released revised and updated statewide unemployment and employment growth numbers for the previous five years. Unemployment rate and employment estimates are revised each year in February in a process called benchmarking, which typically results in more accurate estimates and a smoother data series. Updated estimates suggest employment growth of 0.9% for 2017, or roughly 4,300 jobs. This employment growth rate is slightly slower than in previous years, but paired with continued output growth, simply reinforces that Montana businesses are struggling to find sufficient workers to support growth.

The Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.5% in January, with broad-based price increases across all goods. Over the last 12 months, the CPI-U has increased by 2.1%, staying within the Federal Reserve’s target for rates. The index for all items less food and energy, also called core inflation, increased 0.3% in January, with a change of 1.8% over the last year. 

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** Unemployment figures are seasonally-adjusted.  Seasonally-adjusted numbers remove the effects of events that follow a more or less regular month-to-month pattern each year. These adjustments make nonseasonal patterns easier to identify. The margin of error for the unemployment rate is plus or minus 0.5 percentage points at the 90 percent confidence level. All questions relating to the calculation of unemployment rates should be directed to the Montana Department of Labor and Industry’s Research and Analysis Bureau at 1-800-541-3904.

 

The next Labor Situation Report for the month of February 2018 will be released on Friday, March 23, 2018. State unemployment rate estimates are not released during the month of February due to the re-estimation and benchmarking process, which results in both January and February rates being issued in March.

 

****** INFORMATION AVAILABLE ON THE INTERNET ******

Visit our website at www.lmi.mt.gov for additional information and analysis, including industry employment levels, background on the unemployment rate, and wage rates by occupation.  This month’s Economy at a Glance examines entrepreneurialism in Montana.

 

****** COUNTY UNEMPLOYMENT RATES ******

The unemployment rate and ranking for each of Montana’s 56 counties is provided below for your convenience.  County unemployment rates and employment levels are not seasonally adjusted and should be compared to the unadjusted statewide unemployment rate of 5.1%. 

 

   

Unemployment Rate

Employment

Rank

County

Current Unemployment

Rate

Change over Year

Current Employment

Job Change from Last Year

1

McCone

2.2

0.3

972

 (27)

2

Liberty

2.7

1.1

934

 12

3

Daniels

2.9

0.1

871

 (12)

3

Fallon

2.9

0.8

1,632

 (32)

5

Dawson

3.2

0.4

4,500

 (56)

5

Gallatin

3.2

-0.1

61,955

 1,666

7

Garfield

3.3

0.5

742

 14

8

Sheridan

3.4

0.5

1,758

 (58)

8

Toole

3.4

0

1,987

 (80)

10

Powder River

3.6

-0.1

960

 3

10

Richland

3.6

0.6

5,753

 (53)

12

Wibaux

3.7

-0.8

438

 (34)

13

Carter

3.8

-0.9

657

 (6)

13

Chouteau

3.8

0.3

2,365

 31

15

Hill

4.0

0.5

7,570

 87

16

Custer

4.1

0.2

5,818

 (84)

16

Treasure

4.1

0.3

324

 1

18

Beaverhead

4.2

-0.3

4,818

 16

19

Valley

4.3

0.3

3,875

 (41)

20

Yellowstone

4.4

-0.1

76,790

 (691)

21

Lewis and Clark

4.6

-0.2

33,156

 (451)

21

Sweet Grass

4.6

-0.7

1,705

 32

23

Cascade

4.8

-0.1

36,070

 18

23

Missoula

4.8

-0.3

58,247

 (602)

23

Stillwater

4.8

0.3

4,580

 54

26

Carbon

4.9

-0.2

5,074

 (47)

26

Teton

4.9

0.5

2,573

 (78)

28

Prairie

5.0

-0.6

460

 (19)

29

Jefferson

5.1

0.2

5,267

 (70)

29

Pondera

5.1

-0.2

2,566

 (56)

31

Madison

5.3

-0.8

4,510

 (59)

31

Roosevelt

5.3

0.2

4,342

 26

31

Silver Bow

5.3

-0.2

16,154

 17

34

Broadwater

5.4

1.1

2,404

 48

34

Deer Lodge

5.4

-1

4,803

 47

34

Meagher

5.4

-0.2

901

 34

37

Judith Basin

5.5

-0.5

866

 14

37

Park

5.5

-0.1

7,932

 245

39

Blaine

5.8

-0.3

2,200

 22

40

Lake

5.9

-0.1

12,414

 276

40

Powell

5.9

0

2,611

 (66)

42

Fergus

6.1

0

5,376

 (38)

42

Musselshell

6.1

-0.3

2,170

 42

42

Wheatland

6.1

-0.7

725

 (16)

45

Ravalli

6.2

0.1

18,497

 373

46

Golden Valley

6.4

0

350

 (3)

47

Flathead

6.8

0.1

43,382

 1,055

47

Petroleum

6.8

0.1

260

 2

49

Rosebud

6.9

-0.5

3,663

 (42)

50

Phillips

7.4

-0.8

1,779

 12

51

Granite

8.5

-0.4

1,531

 54

52

Glacier

9.8

-0.2

4,942

 (40)

53

Sanders

10.2

-0.6

4,330

 99

54

Lincoln

11.0

0.1

6,906

 61

55

Mineral

11.7

-2.2

1,427

 (52)

56

Big Horn

11.8

0.3

4,754

 (171)

 

 

****** RESERVATION UNEMPLOYMENT RATES ******

The unemployment rate and ranking for each of Montana’s seven reservations is provided below.  Reservation unemployment rates and employment levels are not seasonally adjusted and should be compared to the unadjusted statewide unemployment rate of 5.1%. Reservation areas overlap with county areas, meaning that unemployed individuals living on a reservation will be included in both the reservation and county totals.

 

 

 

Unemployment Rate

Employment

Rank

Reservation

Current Unemployment

Change over Year

Current Employment

Job Change from Last Year

Rate

1

Flathead

6.4

-0.1

4,754

 259

2

Fort Peck

6.8

0.3

4,754

 15

3

Rocky Boy's

12.5

1.3

4,754

 13

4

Blackfeet

13.5

-0.3

4,754

 (32)

5

Fort Belknap

13.9

-0.9

4,754

 8

6

Northern Cheyenne

17.0

-0.8

4,754

 (27)

7

Crow

17.4

0.4

4,754

 (81)

 
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