• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Iowa’s unemployment rate drops in May

Iowa’s unemployment rate drops in May

June 16, 2006 By admin

The latest numbers show Iowa’s unemployment rate continues to edge down — hitting its lowest level in nearly five years. Ann Wagner is a labor analyst with Iowa Workforce Development. She says the seasonally adjusted rate for the state dropped to three-point-four percent — the lowest rate since September of 2001 when it hit the same rate.

That rate is down from three-point-six percent in April and well below the four-point-six percent rate of one year ago. Wagner says Iowans headed to work in record numbers in May as the number of working Iowans hit a record of one-million-622-thousand-200. Wagner says the number of non-farm jobs also hit a record of one-million-504-thousand-700.

Wagner says there appears to be a variety of new jobs that helped to push down the unemployment rate. She says the largest gain was in manufacturing, followed by trade and transportation, government and finance jobs.

Wagner says the growth in jobs this year has been slow but steady. Wagner says non-farm jobs were up a little over 26-thousand. She says construction, education and health, manufacturing, professional and business services made up the areas with the largest gains. The U.S. unemployment rate slipped to a five-year low of four-point-six percent in May.

Share this:

  • Facebook
  • Twitter

Filed Under: Business Tagged With: Employment and Labor

Featured Stories

Bill would limit placement of solar arrays on farm ground

Marquette casino moving to land, leaving only 2 casino boats in Iowa

Reynolds signs her ‘school choice’ bill into law

Governor Reynolds touts 2024 Iowa Caucuses in Inaugural Address

University of Iowa grad presiding over U.S. House Speaker vote

TwitterFacebook
Tweets by RadioIowa

No coaching changes coming for Iowa football

Iowa State names new receivers coach

No. 2 Iowa visits No. 1 Penn State in wrestling dual Friday night

Iowa’s Clark brings increased exposure to women’s basketball

No. 18 Iowa State women visit TCU

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC