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Montana’s Unemployment Rate at 4.0 Percent in December

Montana’s Unemployment Rate at 4.0 Percent in December

Tuesday, January 26, 2016/Categories: Department of Labor and Industry, Governor's Office/Tags: Unemployment Rate , employment , Department of Labor and Industries

HELENA – Montana’s unemployment rate declined slightly by one-tenth of a percent to 4.0% in December.  Montana’s unemployment rate has been hovering around 4.0% for most of 2015.  The U.S. unemployment rate remained unchanged over the month at 5.0%.

“More Montanans are working today than ever before and that's a testament to the small business environment we've worked so hard to strengthen over the last three years,” said Governor Bullock, who noted that Montana's unemployment rate now falls a full percentage point below the national average. “But our work isn't done.  My responsibility is to keep moving Montana in the right direction by holding the line on taxes, getting rid of red tape and making responsible financial decisions that keeps our budget balanced and keeping our rainy day fund intact."

 “Our economy continues to add jobs and Montanans can look forward to a positive outlook for the new year,” said Labor & Industry Commissioner Pam Bucy. “We continue to build partnerships with businesses and higher education to improve the efficiency and effectiveness of our worker training systems.”

Both total employment and payroll employment levels showed little change over the month.  Payroll employment indicated a gain of 600 jobs, with more construction jobs and fewer retail jobs than usual for December.  Total employment estimates, which include agricultural and self-employed workers along with payroll workers, indicate a statistically insignificant loss of 201 jobs.  Employment growth during 2015 remains quite strong, adding 10,224 jobs over the year for a growth rate of 2.1% compared to the long-term average of about 1%. 

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1% in December.  Energy prices fell 2.4% over the month, with a slight decline in food prices.  The index for all items less food and energy (also called core inflation) rose 0.1% in December.  Overall, inflation was negligible in 2015, with the annual price level increasing by only 0.1% from 2014.

** Statewide 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.

 

Like previous years, there will not be a Labor Situation Report released during February due to the annual revision process where the employment data from the last year is re-estimated and updated to improve accuracy.  The next Labor Situation Report for the month of January 2016 will be released on Monday, March 14, followed quickly by the release of February 2016 estimates on Friday, March 25. 

Description: ourfactsyourfuture code.png****** 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 explores the reasons for Montana’s low wages.

 

****** 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 4.3%. 

 

 

Unemployment Rate

Employment

Rank

County

Current Unemployment Rate

Change over Year

Current Employment

Job Change from Last Year

1

McCone County

1.6

-0.7

1,075

-26

2

Powder River County

2

-0.6

991

-29

3

Fallon County

2.4

0.5

2,074

9

4

Carter County

2.5

-0.5

621

-33

5

Sweet Grass County

2.8

-0.5

1,710

-2

6

Chouteau County

2.9

-0.2

2,449

-73

6

Gallatin County

2.9

-0.4

57,381

2,413

6

Richland County

2.9

0.9

7,554

272

6

Toole County

2.9

-0.4

2,220

-35

10

Daniels County

3

-0.6

888

-20

10

Dawson County

3

0.6

4,918

95

10

Liberty County

3

-0.2

920

-48

13

Sheridan County

3.1

0.1

1,997

14

14

Valley County

3.2

0.1

4,326

121

15

Lewis and Clark County

3.3

-0.4

34,122

516

15

Teton County

3.3

-0.7

2,766

-32

15

Wibaux County

3.3

0.6

535

-8

15

Yellowstone County

3.3

-0.1

80,699

3,337

19

Custer County

3.4

0

6,308

16

20

Carbon County

3.6

0

5,407

158

21

Beaverhead County

3.7

-0.1

4,579

-43

22

Garfield County

3.8

0.9

687

-41

22

Pondera County

3.8

-0.6

2,664

-74

24

Judith Basin County

3.9

-0.1

925

-17

25

Missoula County

4

-0.4

58,392

1,447

25

Prairie County

4

0.2

486

-14

25

Stillwater County

4

0.1

4,863

52

28

Cascade County

4.1

-0.1

36,472

-146

28

Deer Lodge County

4.1

-0.3

5,041

81

30

Hill County

4.2

-0.6

7,245

-83

30

Madison County

4.2

-0.4

4,160

-48

32

Meagher County

4.4

0.5

906

-4

33

Fergus County

4.6

-0.1

5,360

-73

34

Golden Valley County

4.7

-0.3

387

3

34

Musselshell County

4.7

1.1

2,327

16

34

Silver Bow County

4.7

-0.1

16,112

131

37

Roosevelt County

4.8

-0.4

4,622

40

38

Blaine County

4.9

-0.9

2,209

-63

39

Broadwater County

5

-0.1

2,353

13

39

Jefferson County

5

0.6

5,415

60

39

Petroleum County

5

-0.5

284

-7

42

Lake County

5.2

-0.5

11,639

85

42

Phillips County

5.2

-0.1

1,854

-60

42

Powell County

5.2

0.1

2,775

4

45

Treasure County

5.3

1

320

-16

46

Park County

5.5

-0.6

7,438

103

47

Ravalli County

5.6

-0.4

17,791

225

47

Rosebud County

5.6

0.3

3,772

-99

49

Wheatland County

5.9

1.4

704

-39

50

Granite County

6.1

-0.2

1,527

51

51

Flathead County

6.2

-0.6

40,900

711

52

Big Horn County

6.3

-1.7

5,196

103

53

Glacier County

9.3

-2.1

4,696

-163

54

Mineral County

9.4

-2.1

1,554

17

55

Sanders County

9.6

0.2

4,174

-22

56

Lincoln County

10.4

-0.8

6,904

-14

 

 

 

 

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

The unemployment rate and ranking for each of Montana’s seven reservations is provided below for your convenience.  Reservation unemployment rates and employment levels are not seasonally adjusted and should be compared to the unadjusted statewide unemployment rate of 4.3%.  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

5.7

-0.4

11,423

80

2

Fort Peck

6

-0.4

4,166

42

3

Crow

9.6

-2.5

2,605

56

4

Fort Belknap

11.4

-1.4

728

-21

5

Rocky Boy's

12.2

-1.2

1,055

-19

6

Blackfeet

12.6

-2.6

3,350

-114

7

Northern Cheyenne

12.7

-0.3

1,364

-12

 

 

 

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