IWD map.
Iowa’s unemployment rate dropped down to 2.7% in April, compared to 2.8% in March. Iowa Workforce Development spokesperson, Jesse Dougherty, says the labor force participation rate moved up slightly.
“Our labor force added 4,300 new workers. So, I think what’s notable about that is that’s not only encouraging news, you know, for the job seekers that are that are finding jobs, but also encouraging for the employers in Iowa to know that pool of available workers is growing,” he says.
Dougherty says the participation rate and getting more people back looking for work is important. “It continues to climb up. And, you know, that’s, that’s something that we continue to watch that shows us, you know, the labor pool is active, the workforce is in a healthier spot than it certainly was a couple of years ago. So that’s very encouraging sign for us,” he says.
Manufacturing saw an increase of 1,400 jobs. “That was really driven by a couple of factors within durable goods, factories, as well as some other production facilities,” Dougherty says. “We also saw growth and healthcare and retail and you know, retail has gone through some ebbs and flows the last two or three years. So that was an encouraging sign to see another month, as well as healthcare. So we saw a couple of industries that really have gone through a lot. And you know, in the early days of the pandemic that have appeared to have a little bit more steady of climb.”
He says there was a negative in the overall employment numbers. “We did see some slight losses over in overall non-farm employment. That was driven by some areas that, you know are receiving some general, we see that some general tightening in the economy, certainly with interest rates, and some other concerns that are there,” he says. “You know, we see some of that.” That drop was 300 jobs in total nonfarm employment from March to April, the first loss since November 2022.
Dougherty says it’s not a concern for the overall economy. “Over the past 12 months we still have a net gain of over 26,000 jobs. So that’s something we continue to look at when we’re looking at things long term,” he says. IWD says the lowest Iowa unemployment rate was 2.3% percent in April 2022. That number came after the U.S. Labor Department made its annual revisions for the year.
