Click Here for Content  News Listing | Iowa Workforce Development | IowaWorks | IowaJobs | Youth For Iowa | Labor Market Information  IWD RSS Statewide News Feed

Iowa Workforce DevelopmentIowa Workforce Development
News Releases
Smart. Results.

 

For Release: 9:00 a.m., January 27, 2015
Contact: Kerry Koonce: (515) 281-9646

Printer icon Printer Friendly PDF Version

Iowa Unemployment Rate Drops to 4.1 Percent

DES MOINES, IOWA – Iowa’s seasonally adjusted unemployment rate dropped to 4.1 percent in December from 4.3 percent in November. The state’s jobless rate was 4.2 percent one year ago. The U.S. unemployment rate dropped to 5.6 percent in December.

“The State’s economy ended on a high note in December,” said Beth Townsend, interim director of Iowa Workforce Development. “Recent stagnation within global markets has shown little impact on the U.S. and Iowa economies. The Iowa unemployment rate dropped to 4.1 percent, while nonfarm employment gained 2,100 jobs.”

The number of unemployed Iowans decreased to 71,100 in December from 73,600 in November. The current estimate is 100 higher than the year ago level of 71,000.

The total number of working Iowans reached a current-year peak of 1,642,900 in December. This figure is 3,100 higher than November and 38,100 higher than one year ago.

Seasonally Adjusted Nonfarm Employment

Iowa’s nonfarm employment added jobs for the second straight month (+2,100) and now rests at 1,560,600 jobs. This month’s gain was heavily influenced by increases in goods producing sectors. Private services added 900 jobs, but were offset by a shedding of 900 jobs in government. Government sectors were hampered by parings at local and state government, but many of these losses were seasonal and should be recovered in January. Nonfarm employment steadily trended up throughout 2014, shedding jobs only three times: January, March, and October, and now rests up 16,400 jobs versus one year ago (+1.1 percent).

Manufacturing rebounded this month and added 1,600 jobs. Durable goods factories added 1,000 jobs, while nondurable goods added 600 jobs. This increase follows two months of losses and a downward trend during the year following several months of expansion in the wake of the recession. Professional and business services also fared well in December, adding 1,500 jobs. Much of this gain was fueled by administrative support services (+900), although professional, scientific, and technical services also advanced this month (+600). Other sectors adding jobs this month included other services (+600), construction (+500), and leisure and hospitality (+300). Losses this month were led by trade and transportation (-1,000) and fueled by unexpected declines in Iowa’s retail sector. All other private sector losses were small and included financial activities (-300), information (-100), and education and health services (-100).

Annually, the education and health services sector added the most jobs compared to last December (+5,600). Health care alone is up 3,700 jobs, while education gained 1,900 jobs. Construction was booming throughout the year and now rests up 4,700 (+6.9 percent). Professional and business services continues to increase and is now up 4,100 jobs. This gain could be evidence of shifting employment patterns with firms now relying on contract and temporary employment rather than permanent staff. Conversely, manufacturing is now down 2,600 jobs over the year, while trade and transportation trails last year’s level by 1,900 jobs.

MEDIA ALERT: An audio cut of comments about Iowa’s labor market situation is available by calling (515) 281-6057. Statewide and local data for January 2015 will be released on March 17, 2015.

 

Employment and Unemployment In Iowa, Seasonally Adjusted Data

       

Change from

  December
 2014
November
2014
December
 2013
November
 2014
December
 2013
Civilian labor force 1,713,900 1,713,500 1,675,700 400 38,200
Unemployment 71,100 73,600 71,000 -2,500 100
Unemployment rate 4.1% 4.3% 4.2% -0.2 -0.1
Employment 1,642,900 1,639,800 1,604,800 3,100 38,100
               
U.S. unemployment rate 5.6% 5.8% 6.7% -0.2 -1.1
           

Nonfarm Employment In Iowa, Seasonally Adjusted Data

           
Total nonfarm employment 1,560,600 1,558,500 1,544,200 2,100 16,400
Mining 2,500 2,500 2,300 0 200
Construction 72,900 72,400 68,200 500 4,700
Manufacturing 214,600 213,000 217,200 1,600 -2,600
Trade, transportation and utilities 314,700 315,700 316,600 -1000 -1,900
Information 25,100 25,200 25,600 -100 -500
Financial activities 104,400 104,700 103,000 -300 1,400
Professional and business services 137,000 135,500 132,900 1,500 4,100
Education and health services 231,000 231,100 225,400 -100 5,600
Leisure and hospitality 137,600 137,300 138,200 300 -600
Other services 58,900 58,300 58,200 600 700
Government 261,900 262,800 256,600 -900 5,300

Unemployment Insurance Claims For Iowa
       

% Change from

  December
 2014
November
 2014
December
 2013
November
 2014
December
 2013
Initial claims 29,285 16,905 30,682 73.2% -4.6%
Continued claims          
     Number of claimants 35,632 22,176 33,731 60.7% 5.6%
     Weeks paid 131,110 64,761 103,739 102.5% 26.4%
     Amount paid $44,375,647 $21,546,154 $34,025,099 106.0% 30.4%

Visit www.iowaworkforce.org/lmi/laborforce/locallaborforce.html for county unemployment rates,
www.iowaworkforce.org/lmi/laborforce/index.html for current and historical labor force data and
www.iowaworkforce.org/lmi/empstat/msanonag.htm for detailed information on nonfarm employment.

Visit www.iowaworkforce.org/lmi/empstat/nonfarm.pdf for information on hours and earnings and
www.iowaworkforce.org/lmi/uistats/index.html to obtain a breakout of jobless benefits by county.

###

  News Listing | Iowa Workforce Development | IowaWorks | IowaJobs | Search Our Sites


Subscribe To IWD News Releases Below!

Subscribe To News Releases & Advisories!

Name:

E-mail:


Privacy Statement | Terms Of Use

Invalid e-mail addresses, full mailboxes or other e-mail issues that cause
delivery problems will be removed from our system.
News Releases are posted online.
Only statewide releases are broadcasted.