Iowa’s job market remains slow but stable, according to new numbers from Iowa Workforce Development. The report shows June’s unemployment rate held steady at 3.2%. That’s better than last year’s 3.5% jobless rate.
Job Gains and Losses
The state says new job gains in trade and financial industries were partially offset by pullbacks in manufacturing and professional and business services. The number of unemployed Iowans decreased to 55,200 in June from 56,100 in May. The number of working Iowans fell by 1,700 last month for a total of 1,674,300.
Beth Townsend, Executive Director of Iowa Workforce Development, said, “June’s report shows a continuation of slow-but-stable growth across Iowa’s economy.” She added that significant new job gains last month in trade and financial industries were partially offset by pullbacks in manufacturing and professional and businesses services. But the state added 600 jobs overall thanks to small increases across a wide variety of industries.
Meanwhile, Iowans searching for work continue to find new careers among the more than 58,000 open positions that are now posted on IowaWORKS.gov.
Original reporting: KCCI Des Moines — read the source article.
