HELENA, MT – Montana’s unemployment rate decreased slightly in April, down one-tenth of a percentage point to 4.2%. The U.S. unemployment held steady at 5.0%.
“Montana’s economy continues to grow and diversify, creating new opportunities for our Montana businesses to succeed, expand, and hire more workers,” said Governor Bullock. “We must continue to ensure that those businesses have a pipeline of highly-trained, skilled Montanans to fill the good-paying jobs being created.”
Payroll employment added 2,000 jobs in April, contributing to a total gain of 5,500 payroll jobs since the start of 2016. Total employment estimates, which include agricultural and self-employed workers along with payroll workers, experienced a statistically insignificant decrease of 131 jobs while the number of unemployed people also experienced a decline of 471.
The Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.4% in April. Energy prices rose by 3.4%, largely due to gas prices rising by 8.1%. The food index increased by 0.2% after decreasing in March. Core inflation, measured by the all items less food and energy index, rose 0.2% over the month.