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You are here: Home / Business / Unemployement rate goes up, record number working

Unemployement rate goes up, record number working

December 15, 2005 By admin

Iowa’s unemployment rate went up in November, while at the same time there was a record number of Iowans working. Ann Wagner, a labor market analyst for the state’s Workforce Development agency, says the unemployment rate went up because over 15-thousand workers entered the labor force. She calls that a “large influx” and it helped Iowa set a new record of workers — one-million-six-hundred-77 thousand workers.

The unemployment rate for November was four-point-eight percent, up from October’s rate of four-and-a-half percent. Despite that, Wagner says Iowa also set a record in November the number of Iowans who had a job. The total number of working Iowas in Iowa stood at one-million-five-hundred-86-thousand-nine-hundred in the month of November. That eclipsed the previous record set back in May of 2000 before the recession.

The number of payroll, or “non-farm” jobs in Iowa set a record in November, too. One-million-four-hundred-85-thousand-two-hundred Iowans were working in “non-farm” jobs in November, a record number that surpasses pre-recession figures. “It was a month in which we reached some milestones,” Wagner says. The U.S. unemployment rate held steady at five percent in November. A year ago in November, Iowa’s unemployment rate stood at five percent.

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Filed Under: Business Tagged With: Employment and Labor

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