Iowa’s seasonally adjusted unemployment rate edged down to 5.1 percent in October from 5.2 percent in September, and was also down from 5.8 percent one year ago. Meanwhile, the U.S. unemployment rate rose slightly to 7.9 percent in October from 7.8 percent in September, but was one percentage point lower than the year ago rate of 8.9 percent.
“The Iowa job market looked a little stronger in October, as the state’s unemployment rate continued to drop and hiring strengthened across most industry sectors,” said Teresa Wahlert, director of Iowa Workforce Development. “Nonfarm jobs advanced by 6,000 in October, the largest monthly gain since February.”
The number of unemployed Iowans decreased to 83,800 in October from 85,500 in September. The estimate was reported at 96,000 one year ago.
The total number of working Iowans increased to 1,555,800 in October from 1,552,100 in September, the first positive movement in the measure since April. Total employment stood at 1,566,700 one year ago.
Note: Iowa had the fourth-lowest unemployment rate in the nation in October:
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