Governor Bullock announces Montana’s unemployment rate
News from the Governor’s office
MONTANA – Governor Steve Bullock announced that Montana’s unemployment rate is at 3.7 percent, ticking up slightly for the month of November, despite the state gaining roughly 800 jobs over the month, and placing the rate at the same level it was at in July and August. The U.S. unemployment rate was unchanged at 3.7 percent.
“As unemployment remains low, Montanans continue to experience the benefits of our strong economy,” Governor Bullock said. “I will continue to support our state’s economy and invest in our workforce by providing worker training and a world-class education so that every Montanan has the opportunity to contribute to our ongoing success.”
Total employment, which includes payroll, agricultural and self-employed workers, indicated an increase of 830 jobs in October. Payroll employment posted a gain of 500 jobs, with job gains of 900 in the private sector and job losses of 400 in the public sector. The job losses in government came from state and local government. Private industry job gains were posted across most industries but with small job losses in construction for the month. The construction industry has been among the fastest growing industries for jobs for most of the year; however, construction often posts seasonal job declines in the fourth quarter.
The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.3 percent in October due to price increases across most goods. The index for all items less food and energy, also called core inflation, increased 0.2 percent in October, with a change of 2.1 percent over-the-year.