BV jobless rate creeps down to 4.4%
The Iowa Workforce Development released the August unemployment rates for the state of Iowa last week, showing the unemployment rate for the state jumped from 4.8% to 4.9%.
Buena Vista County unemployment dropped from 4.9% in July to 4.4% in August, still below the state average of 4.9%.
Buena Vista County was the highest among Northwest Iowa counties, with Clay County at 4.2%, Sac at 3.8%, Cherokee at 3.8% and Pocahontas at 3.8%.
The highest unemployment rate belongs to Lee County in Southeast Iowa, with a 7.4% unemployment rate and Lyon County recorded the lowest unemployment rate with 2.5%.
These numbers encourage Iowa Workforce Directors.
“We’re encouraged by the upward trend in total employment for the year, more Iowans are entering the labor force,” Teresa Wahlert, director of Iowa Workforce Development said. “Iowa’s labor force reached its highest level for the year in August at 1,655,300.”
The total number of working Iowans grew to 1,574,400 in August, which was up from 1,573,300 in July. The current level is 27,000 higher than one year ago.
The United States unemployment rate for August decreased to 7.3% from 7.4% in July because “fewer people were looking for work.”