Newsroom

Text/HTML

Note: Articles prior to 2015 can be found on the Newsroom Archives.

EasyDNNNews

Montana’s Unemployment Rate Down to 4.4 Percent

Tuesday, March 17, 2015/Categories: Department of Labor and Industry, Unemployment Insurance Division, Governor's Office/Tags: Unemployment Rate

FOR IMMEDIATE RELEASE
March 17, 2015

CONTACT:
Mike Wessler, Governor’s Office, 444-9725
Annie Glover, Communications Director, Department of Labor & Industry, 444-1654
Barbara Wagner, Chief Economist, Department of Labor & Industry, 444-5474

Montana’s Unemployment Rate Down to 4.4 Percent

HELENA – Montana’s unemployment rate continued its decline in January, down 0.1 percentage points to 4.4 percent. The U.S. unemployment rate increased by 0.1 percentage points to 5.7 percent in January.

“Montana started 2015 with strong job growth, with the economy adding over 3,000 jobs in January,” Governor Steve Bullock said. “With strong wage growth last year, and low inflation because of falling fuel prices, more Montanans are employed and have more money in their pockets.”

“Montana’s economy continues to add good-paying jobs,” said Labor Commissioner Pam Bucy. “We must continue our efforts to train workers with the skills needed by businesses in order to continue job growth in today’s low unemployment environment.”

Montana’s total employment levels increased by 3,230 jobs in January. Total employment estimates include payroll employment, plus agricultural and self-employed workers. Payroll employment estimates indicate a gain of 300 jobs over the month.

Every February, the Montana Department of Labor and Industry (DLI) and the Bureau of Labor Statistics (BLS) recalculate the employment estimates for past years in a process called benchmarking. The benchmarking process makes employment estimates more accurate, in addition to smoothing the data series and calibrating the data to new population estimates. This year’s benchmark process also included an update to a new model to estimate unemployment rates. Users of labor market information should update their files to reflect the revised estimates to be consistent with the new benchmark data.

The Consumer Price Index for All Urban Consumers (CPI-U) fell sharply for the third straight month in January, declining by 0.7 percent because of a drop in energy prices. The gasoline index fell by 18.7 percent in January. The January price decline erased all price increases from 2014, with the index  ecreasing 0.1 percent since January 2014, which marks the first over-the-year deflation since 2009. The index for all items less food and energy, also called core inflation, rose 0.2 percent in January.

###

** 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 2015 will be released on Friday, March 27, 2015.


****** 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 annual employment data for Montana’s Indian Reservations. This month’s Economy at a Glance article considers who has benefited from Montana’s strong wage growth by examining the distribution of wages paid to Montana workers.

****** 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 5.3 percent.

 

Rank County Unemployment Rate Employment
Current Unemployment Rate Change over Year Current Employment Job Change from Last Year
1     Fallon County 2.0 -0.2  2,082 112
2      McCone County 2.6 0.5 1,081 56
2      Richland County 2.6 -0.1 7,401 329
4    Wibaux County 2.9  0.8 561  43
5      Dawson County 3.1 -0.1 4,823 176
6      Powder River County 3.2 1.1 1,003 61
7      Daniels County 3.3 0.5 914 8
7      Liberty County 3.3 0.7 953 59
9      Chouteau County 3.4 0.1 2,474 77
10      Gallatin County 3.6 0.5 55,584 2,361
11  Sheridan County    3.7 0.2  2,031 -4
11  Toole County  3.7  0.1  2,269  23
13  Garfield County  3.8  -0.3  718  26
14  Yellowstone County  4.0  0.6  78,242  2,852
15  Sweet Grass County  4.1  0.2  1,695  61
15  Valley County  4.1  0.1  4,308  221
17  Custer County  4.3  -0.1  6,301  -46
18  Lewis and Clark County  4.4  0.3  34,148  421
19  Carbon County  4.5  0.3  5,291  206
19  Musselshell County  4.5  0.7  2,354  62
21  Beaverhead County  4.6  0.0  4,597  32
21  Carter County  4.6  0.2  636  27
21  Meagher County  4.6  1.3  927  39
21  Stillwater County  4.6  -0.1  4,853  48
25  Madison County  4.7  1.0  4,517  78
26  Teton County  4.8  0.2  2,786  110
27  Deer Lodge County  4.9  0.9  5,104  127
28  Prairie County  5.0  0.5  497  12
29  Cascade County  5.1  0.5  36,495  -107
29  Missoula County  5.1  0.9  57,763  2,058
31  Pondera County  5.3  0.7  2,740  69
32  Hill County  5.4  2.3  7,337  27
32  Jefferson County  5.4  0.6  5,430  90
32  Treasure County  5.4  -0.4  332  7
35  Silver Bow County  5.5  0.5  16,240  10
36  Judith Basin County  5.6  -0.1  910  29
37  Roosevelt County  5.9  0.5  4,560  -37
38  Golden Valley County  6.1  0.3  386  19
38  Petroleum County  6.1  0.4  290  18
38  Powell County  6.1  0.9  2,731  27
41  Fergus County  6.2  0.2  5,444  52
42  Park County  6.4  0.9  7,372  127
43  Broadwater County  6.6  1.1  2,360  33
43  Lake County  6.6  1.1  11,666  185
43  Rosebud County  6.6  0.8  3,810  10
46  Wheatland County  7.0  -0.1  729  16
47  Blaine County  7.2  0.1  2,232  11
48  Ravalli County  7.3  1.2  17,659  419
49  Granite County  7.5  1.8  1,512  142
50  Phillips County  7.6  0.0  1,860  43
51  Flathead County  7.8  1.1  40,198  414
52  Big Horn County  8.9  5.4  5,040  185
53  Sanders County  11.2  2.4  4,156  118
54  Mineral County  11.3  0.9  1,551  13
55  Glacier County  12.5  0.5  4,863  -287
56  Lincoln County  13.0  3.0  6,928  134


###

Print

Number of views (5513)/Comments (0)

Please login or register to post comments.

Name:
Email:
Subject:
Message:
x