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For Release: 9:00 a.m., July 18, 2014
Contact: Kerry Koonce: (515) 281-9646

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Iowa’s Unemployment Rate Holds Steady at 4.4 Percent

DES MOINES, IOWA – Iowa’s seasonally adjusted unemployment rate remained at 4.4 percent in June. The state’s jobless rate stood at 4.8 percent one year ago. The U.S. unemployment rate dropped to 6.1 percent in June from 6.3 percent in May.

“Iowa’s economic expansion increased in June,” said Teresa Wahlert, director of Iowa Workforce Development. “While Iowa’s unemployment rate remained unchanged since last month, the second quarter proved prosperous as Iowa’s nonfarm employment gained 10,800 jobs over the past three months, more than offsetting the sluggish first quarter start.”

The number of unemployed Iowans increased to 74,500 in June from 73,900 in May. The current estimate is 6,000 lower than the year ago level of 80,500.

The total number of working Iowans increased to 1,624,600 in June from 1,624,100 in May. This figure was 500 higher than May, and 32,100 higher than one year ago.

Seasonally Adjusted Nonfarm Employment

Iowa nonfarm employment totaled 1,549,600 jobs in June, 3,100 more than May. This month’s gain marks the third straight increase, and was the result of job gains in the service sectors; goods producing industries were little changed since May (-100). Government added jobs at the local (+3,100) and state (+1,200) levels, more than offsetting a decline in private services (-1,200). This month’s increase also leaves Iowa 22,100 jobs higher than one year ago (+1.4 percent).

Other services added the most jobs this month (+900) due to hiring in membership organizations coupled with repair and maintenance shops. Leisure and hospitality also grew this month (+800) as the result of gains in recreational industries. Wholesale trade fueled a gain of 700 jobs in trade and transportation, more than offsetting an unexpected drop in retail trade. Both construction and mining advanced slightly this month, up 200 and 100 jobs, respectively. Alternatively, losses were heaviest in private education industries (-1,700), and generally due to schools beginning the summer break early. Professional and business services shed jobs this month in both professional and technical services along with administrative and support staff. Finance decreased for the first time since February (-600), and now remains up just 100 jobs versus this time last year.

Annually, nonfarm employment continues to trend upward with the largest gains being in leisure and hospitality (+4,500), trade and transportation (+4,000), and construction (+3,100). All sectors of the Iowa economy have added jobs since last June except for Information services (-1,100), as the advances in technology have steadily decreased demand for labor.

MEDIA ALERT: An audio cut of comments about Iowa’s labor market situation is available by calling (515) 281-6057. Statewide data for July 2014 will be released on August 18, and local data will be posted to the Web on August 19, 2014.

Employment and Unemployment In Iowa, Seasonally Adjusted Data

       

Change from

  June
 2014
May
2014
June
 2013
May
 2014
June
 2013
Civilian labor force 1,699,100 1, 698,000 1,673,000 1,100 26,100
Unemployment 74,500 73,900 80,500 600 -6,000
Unemployment rate 4.4% 4.4% 4.8% 0.1 -0.4
Employment 1,624,600 1,624,100 1,592,500 500 32,100
               
U.S. unemployment rate 6.1% 6.3% 7.5% -0.2 -1.4
           

Nonfarm Employment In Iowa, Seasonally Adjusted Data

           
Total nonfarm employment 1,549,600 1,546,500 1,527,500 3,100 22,100
Mining 2,400 2,300 2,200 100 200
Construction 70,600 70,400 67,500 200 3,100
Manufacturing 215,200 215,600 214,100 -400 1,100
Trade, transportation and utilities 315,000 314,300 311,000 700 4,000
Information 25,000 25,000 26,100 0 -1,100
Financial activities 103,600 104,200 103,500 -600 100
Professional and business services 133,500 134,700 132,500 -1,200 1,000
Education and health services 224,100 225,800 223,000 -1,700 1,100
Leisure and hospitality 140,600 139,800 136,100 800 4,500
Other services 59,100 58,200 58,000 900 1,100
Government 260,500 256,200 253,500 4,300 7,000

Unemployment Insurance Claims For Iowa
       

% Change from

  June
 2014
May
 2014
June
 2013
May
 2014
June
 2013
Initial claims 9,148 10,794 10,903 -15.2% -16.1%
Continued claims          
     Number of claimants 21,117 23,190 25,997 -8.9% -18.8%
     Weeks paid 69,167 71,687 81,884 -3.5% -15.5%
     Amount paid $21,993,489 $23,352,930 $25,201,742 -5.8% -12.7%

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.

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