Jobless rate drops to 3.7 percent in Iowa
DES MOINES, Iowa — Iowa’s jobless rate dropped slightly to 3.7 percent in August. That was just down slightly from July’s seasonally adjusted statewide unemployment rate of 3.8 percent.
In August 2014, the state’s jobless rate was calculated at 4.3 percent, according to Iowa Workforce Development.
Construction led all private sectors in jobs added in August (+2,100). This gain marks the third consecutive increase for this sector. Finance has added jobs in four consecutive months and rose 1,000 jobs in August. Gains this month were also bolstered in small part by hiring in retail and leasing services. The professional and business services also posted gains (+600).
The total number of working Iowans increased to 1,637,700 in August. This figure was 1,200 higher than July, and 2,600 higher than one year ago.
Iowa’s August unemployment rate tied with South Dakota and Utah for the sixth-lowest jobless rate in the nation. The national unemployment rate was 5.1 percent in August.
Source: Iowa Workforce Development