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Montana’s Unemployment Rate drops to 3.9 Percent

Montana’s Unemployment Rate drops to 3.9 Percent

Wages Increased by 3.5 Percent in 2014

Friday, June 19, 2015/Categories: Department of Labor and Industry, Governor's Office/Tags: Unemployment Rate

FOR IMMEDIATE RELEASE, June 19, 2015
CONTACT:
Mike Wessler, Governor’s Office, 444-9725

Annie Glover, Communications Director, Department of Labor & Industry, 570-4592

Barbara Wagner, Chief Economist, Department of Labor & Industry, 444-5474

HELENA – Montana’s unemployment rate declined to 3.9 percent in May, down 0.1 percentage points from April.  Employment levels in Montana are now over the half million threshold for the first time ever.  The U.S. unemployment rate increased by 0.1 percentage points to 5.5 percent.  New data from the Montana Department of Labor & Industry also showed that the state’s average annual wage increased to $38,875 in 2014, a 3.5% increase over last year.

“Montana added roughly 1,500 more jobs last month,” Governor Steve Bullock said.  “Our strong growth and low unemployment are driving up wages, meaning more Montanans are working and putting more money in their pockets on payday.”

“Strong employment growth in the first five months of 2015 has pushed Montana’s employment level to more than half a million jobs,” said Labor Commissioner Pam Bucy.  “The Montana Department of Labor and Industry is committed to identifying and training more Montana workers to increase this number even further.”

Montana’s total employment levels continued to grow, increasing by 1,469 jobs in May, for a total of 11,989 jobs added over the last twelve months and total employment of 504,195.  Total employment estimates include payroll employment, plus agricultural and self-employed workers.  Payroll employment did not increase over the month, but posted a larger than average gain of 1,900 jobs in April.

Annual wage data for 2014 is now available, indicating that the average annual wage in Montana increased 3.5 percent last year to $38,875.  Inflation in 2014 was only 1.6 percent, meaning that Montana workers experienced real wage growth above the rate of inflation.

Also new this month, the Montana Department of Labor and Industry has expanded its local labor market information to provide monthly unemployment rates for each of Montana’s seven reservations.  The reservation employment and unemployment rates are produced using the same data and methodology as the county unemployment rates, making the data comparable to other counties, the state, or other regions.  Like the county data, the reservation data is not seasonally adjusted and will vary month to month due to both seasonal changes and underlying trends in the economy.  The monthly publication of comparable unemployment rates for Montana’s reservation areas will assist these areas with economic development and research.  Reservation unemployment rates will be available in the tables below and in the data search tool at www.lmi.mt.gov.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in May on a seasonally adjusted basis, mostly due to a spike in gasoline prices.  The index for all items less food and energy, also called core inflation, rose 0.1 percent in May.

###

** 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.

 

The next Labor Situation Report for the month of June 2015 will be released on Tuesday, July 21, 2015. 

 

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 provides information on Montana’s wages compared to other states.

 

****** 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 3.4%. 

 

   

Unemployment Rate

Employment

Rank

County

Current Unemployment

Rate

Change over Year

Current Employment

Job Change from Last Year

1

Sheridan County

1.5

-0.8

2,141

31

2

Fallon County

1.7

-0.2

2,193

109

3

Daniels County

1.8

-0.4

974

9

3

McCone County

1.8

0

1,161

34

5

Powder River County

2.0

-0.9

1,122

45

6

Sweet Grass County

2.1

-1.3

1,815

48

7

Chouteau County

2.2

-0.7

2,671

31

7

Liberty County

2.2

-0.6

1,037

37

9

Valley County

2.3

-0.3

4,464

136

10

Dawson County

2.4

-0.1

4,977

198

11

Garfield County

2.5

0.5

778

10

11

Richland County

2.5

0.1

7,487

381

13

Carter County

2.6

-0.3

702

3

13

Custer County

2.6

-0.1

6,574

-2

13

Toole County

2.6

-0.1

2,366

16

13

Yellowstone County

2.6

-0.7

80,275

2,904

17

Judith Basin County

2.7

-0.6

994

11

17

Lewis and Clark County

2.7

-0.6

34,652

526

17

Wibaux County

2.7

-0.3

582

35

20

Gallatin County

2.8

-0.8

56,866

2,407

20

Stillwater County

2.8

-0.5

5,039

77

22

Beaverhead County

2.9

-0.4

4,845

37

22

Carbon County

2.9

-0.7

5,495

219

22

Jefferson County

2.9

-1.2

5,541

98

25

Deer Lodge County

3.0

-0.8

5,215

72

25

Teton County

3.0

-0.3

2,979

98

27

Missoula County

3.1

-0.8

59,858

1,464

28

Cascade County

3.2

-0.6

37,199

0

29

Fergus County

3.3

-0.2

5,688

-9

29

Golden Valley County

3.3

-0.7

407

18

29

Madison County

3.3

-1.7

3,651

192

29

Meagher County

3.3

-0.5

917

-6

33

Hill County

3.4

-1.9

7,588

2

33

Musselshell County

3.4

0

2,416

112

33

Petroleum County

3.4

0.4

310

17

33

Silver Bow County

3.4

-1.1

16,318

39

33

Wheatland County

3.4

-0.9

815

15

38

Prairie County

3.5

-1.2

529

20

39

Pondera County

3.6

-1

2,877

62

40

Blaine County

3.7

-1.6

2,417

-45

41

Lake County

3.9

-1.1

12,281

67

41

Park County

3.9

-1.1

7,901

227

41

Powell County

3.9

-0.8

2,884

39

41

Rosebud County

3.9

-0.4

4,197

-95

45

Roosevelt County

4

-0.7

4,700

21

46

Broadwater County

4.1

-1.7

2,454

78

46

Phillips County

4.1

-0.8

1,990

29

48

Ravalli County

4.3

-1.1

18,481

494

49

Flathead County

4.7

-1.1

41,737

713

50

Granite County

4.9

-2.1

1,488

115

51

Treasure County

5.4

1.6

365

8

52

Big Horn County

5.5

-3.6

5,327

167

53

Mineral County

6.1

-1.3

1,659

30

54

Sanders County

6.5

-1.4

4,445

144

55

Lincoln County

7.8

-2.2

7,363

178

56

Glacier County

8

-1.5

5,328

-113

 

****** 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 3.4%.  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 Reservation

4.3

-1.1

12,049

95

2

Fort Peck Reservation

4.9

-0.8

4,247

31

3

Crow Reservation

8.5

-5.1

2,664

84

4

Fort Belknap Reservation

8.9

-2.9

796

-13

5

Northern Cheyenne Reservation

9.6

-2.1

1,473

-5

6

Rocky Boy's Reservation

9.6

-4.5

1,120

5

7

Blackfeet Reservation

11.0

-2.1

3,788

-70

 

 

 

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