MT unemployment rate remains low
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News from the MT Dept. of Labor and Industry
HELENA — Governor Greg Gianforte recently announced that Montana’s unemployment rate remained at 3.1% in July, while the national rate rose to 4.3%, according to data from the U.S. Bureau of Labor Statistics (BLS) and the Montana Department of Labor and Industry.
“Our pro-jobs, pro-family, pro-business policies are helping keep Montanans working while the national unemployment rate rises as a result of the Biden-Harris administration,” Gov. Gianforte said. “Many businesses across Montana are providing good-paying jobs across our state. We’ll continue to cut red tape, lower taxes, and invest in a stronger workforce to make Montana an even better place to live, work, start a business, and raise a family.”
The state’s unemployment rate of 3.1% in July continues a record of 37 consecutive months with the rate at or below 3.4%. The next closest stretch was during 2006 and 2007, when the state’s unemployment rate remained at or below 3.4% for 15 consecutive months.
The number of people in the state’s labor force rose by 1,579 in July, reaching another record high of more than 580,000 Montanans in the labor force.
Despite the encouraging jobs report, inflation continues to make it harder for Montana families to make ends meet.
The current unemployment rate in Lake County is 4.2 percent, with a 1.1 percent change in the past year. In Lake County there are currently 14, 153 employed people with a change of 120 people. Flathead Reservation has a current unemployment rate of 4.4 percent with a change of 1.1 percent. There are currently 13,899 people employed on the reservation with a change of 123 people since last year.
