Iowa's Unemployment Rate Rises to 3.8 Percent in July - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa's Unemployment Rate Rises to 3.8 Percent in July

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Iowa's unemployment rate went up in the month of July. Iowa's seasonally adjusted unemployment rate increased slightly to 3.8 percent in July. The unemployment rate in June was 3.7 percent. Good news though, as the jobless rate was 4.3 percent one year ago. The U.S. unemployment rate remained at 5.3 percent in July.

The total number of working Iowans decreased to 1,636,000 in July. This figure was 4,000 lower than what it was in June and 4,100 higher than it was last year.

The number of unemployed Iowans was at 63,900 in the month of July. Comparing it to last year, the current estimate is 10,300 lower, which was at 74,200.

In regards to the non-farm employment, they jumped up by 8,100 jobs in July, raising non-farm employment to 1,577,400 jobs. This monthly gain was due largely to the growth in private sectors, which added 6,100 jobs. Both goods-producing and service sectors added 2,000 jobs.

Education and health services added the most jobs this month (+3,700), more than recovering from an early seasonal decline last month. Leisure and hospitality added jobs for the first time in three months. Financial activities increased for the third straight month (+1,500). Construction added 900 jobs and now rests just below 80,000 total jobs in Iowa.

Annually, Iowa non-farm employment is up 30,900 jobs (+2.0 percent).

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