Iowa jobless rate pegged at 3.8 percent
DES MOINES, Iowa – Iowa’s unemployment rate fell to 3.8 percent in April, its lowest level in seven years.
According to data from Iowa Workforce Development, the state’s jobless rate was 4 percent in March and 4.4 percent in April 2014. That’s the lowest figure since March 2008, when the unemployment rate was pegged at 3.8 percent.
Gains in construction (3,200 jobs in April) and “other services” (1,600 jobs) helped to offset declines in manufacturing (3,200) and trade, transportation and utilities (1,000).
While the state’s nonfarm job sectors lost 1,700 jobs over the month, it gained 20,400 over the year. The total number of working Iowans grew by 600, to 1,647,700, in April compared with March.
Source: Iowa Workforce Development