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Montana’s Unemployment Rate Drops to 4.0 Percent

Wednesday, May 27, 2015/Categories: Department of Labor and Industry, Governor's Office/Tags:

 

FOR IMMEDIATE RELEASE: May 27, 2015
 

CONTACT: Mike Wessler, Governor’s Office, 444-9725

Annie Glover, Communications Director, Department of Labor & Industry, 444-1654

Amy Watson, Economist, Department of Labor & Industry, 444-3245

Montana’s Unemployment Rate Drops to 4.0 Percent

HELENA – Montana’s unemployment rate dropped to 4.0 percent in April.  Over the month of April, Montana’s unemployment rate fell 0.2 percentage points from the revised March unemployment rate of 4.2 percent. Montana’s unemployment rate has not been this low since September 2007. The U.S. unemployment rate was essentially unchanged at 5.4 percent in April.

“With strong job gains in April, Montana’s economy continues to do very well in 2015,” Governor Steve Bullock said.  “More Montanans are entering the labor force looking for work, and more workers have been able to find jobs, which is great news for Montana workers and businesses.”

“We expect strong wage growth to continue in 2015 as Montana businesses increase wages to recruit workers in this low unemployment rate environment,” said Labor Commissioner Pam Bucy. “In today’s tight labor market, the Montana Department of Labor and Industry is committed to helping prepare Montana’s workforce for tomorrow’s jobs, so that businesses can count on their workforce to ensure strong economic growth in the years to come.”

Montana’s total employment levels continued to grow, increasing by 1,299 jobs in April, for a total of 10,729 jobs added over the last twelve months.  Total employment estimates include payroll employment, plus agricultural and self-employed workers.  Payroll employment estimates indicate a similar gain of 1,100 jobs over the month, bouncing back from a loss of 300 jobs last month.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in April. Energy prices fell over the month, while food prices remained unchanged. Over the last 12 months, the CPI-U has declined 0.2 percent, largely due to a sharp decline in gasoline prices compared to last year. The index for all items less food and energy, also called core inflation, rose 0.3 percent in April to reflect increases in the price of shelter, medical care, and transportation. 

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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 May 2015 will be released on Friday, June 19, 2015. 

 

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

Description: ourfactsyourfuture code.pngVisit 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 summarizes the Montana employment projections, with information on estimated employment growth by industry, occupation, and region through the year 2024.

 

****** 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 3.9 percent. 

 

   

Unemployment Rate

Employment

Rank

County

Current Unemployment

Rate

Change over Year

Current Employment

Job Change from Last Year

1

Daniels County

2.0

-0.7

915

-2

1

Sheridan County

2.0

-0.5

2,080

6

3

Fallon County

2.1

0.0

2,122

106

4

McCone County

2.2

0.0

1,081

35

5

Sweet Grass County

2.4

-1.4

1,724

28

6

Liberty County

2.5

-0.3

962

38

6

Wibaux County

2.5

-0.8

556

28

8

Chouteau County

2.6

-0.8

2,525

34

9

Powder River County

2.7

-0.8

1,043

50

9

Richland County

2.7

-0.2

7,370

385

11

Toole County

2.8

0.0

2,298

8

12

Dawson County

2.9

0.3

4,907

142

12

Gallatin County

2.9

-0.6

56,134

2,333

12

Valley County

2.9

-0.3

4,326

119

12

Yellowstone County

2.9

-0.7

79,986

2,564

16

Custer County

3.0

-0.1

6,424

-8

16

Lewis and Clark County

3.0

-0.7

34,711

454

18

Garfield County

3.1

0.8

722

11

18

Stillwater County

3.1

-0.3

4,952

34

20

Madison County

3.2

-1.4

4,349

-13

21

Jefferson County

3.3

-1.3

5,513

86

21

Judith Basin County

3.3

-1.5

924

19

23

Beaverhead County

3.4

-0.4

4,688

17

24

Carbon County

3.5

-0.4

5,397

178

24

Carter County

3.5

-0.8

626

10

26

Cascade County

3.6

-0.6

36,937

-416

26

Deer Lodge County

3.6

-0.6

5,158

58

26

Missoula County

3.6

-0.8

59,769

1,656

29

Teton County

3.7

-0.3

2,827

89

30

Silver Bow County

3.8

-1.1

16,384

-6

31

Hill County

3.9

-2.0

7,510

-6

32

Fergus County

4.0

-0.3

5,541

-19

32

Musselshell County

4.0

-0.3

2,379

89

32

Petroleum County

4.0

0.8

291

16

35

Golden Valley County

4.2

-0.6

391

15

35

Pondera County

4.2

-0.5

2,764

48

37

Meagher County

4.3

-0.3

846

-4

38

Rosebud County

4.4

-0.8

4,035

-42

38

Wheatland County

4.4

-1.0

745

14

40

Lake County

4.6

-1.2

12,066

17

40

Prairie County

4.6

-0.5

493

14

42

Powell County

4.8

-1.1

2,802

38

43

Broadwater County

4.9

-0.6

2,410

41

43

Ravalli County

4.9

-1.1

18,268

294

43

Roosevelt County

4.9

-0.3

4,627

27

46

Blaine County

5.0

-1.0

2,300

-53

46

Treasure County

5.0

0.8

340

2

48

Park County

5.2

-1.3

7,534

183

48

Phillips County

5.2

-0.8

1,872

31

50

Flathead County

5.5

-1.5

40,983

477

51

Granite County

6.0

-2.6

1,493

110

52

Big Horn County

6.4

-4.3

5,129

129

53

Mineral County

7.6

-1.1

1,599

5

53

Sanders County

7.6

-2.1

4,298

86

55

Glacier County

8.9

-1.3

4,946

-291

56

Lincoln County

10.3

-2.5

7,118

150

 

 

 

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