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You are here: Home / Business / State unemployment rate drops in August

State unemployment rate drops in August

September 18, 2020 By Dar Danielson

The state unemployment rate dropped again in August.

The rate went from 6.8% in July down to 6% in August and the number of unemployed is now estimated is 91,500 lower than the Covid-19 peak in April.

The state unemployment rate one year ago was 2.8%. A statement from Iowa Workforce Development says August saw the fourth consecutive monthly increase in jobs since April — but the increase is substantially lower than the average number of jobs added over the previous three months.

The statement says slower hiring could be a symptom of colder weather setting in and businesses believing that demand will not return to pre-pandemic levels as quickly as hoped.

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Filed Under: Business, News Tagged With: Employment and Labor

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