Econ Tracker

Sep 21, 2012 3:00 PM by MTN News

Montana unemployment rate falls

HELENA - The jobless rate in Montana dipped a bit to settle at 6.3% in July.

"Like last year, Montana's employment figures held steady during the summer months," said Labor Commissioner Keith Kelly. "Overall, we expect Montana to continue its employment growth after this summer. About 8,000 jobs have been added during the past year, posting fairly rapid job growth of 1.7%."

Meanwhile, the national unemployment rate fell by 0.2% to 8.1%.

Both Montana and the U.S. rate decreases were caused by fewer people working or looking for work.

The Montana total employment figures were essentially flat for August, losing 308 jobs on a seasonally adjusted basis for a -0.1% change, while the labor force declined by 407 workers.

Montana employment figures are at roughly the same level they were at in May, yet are still posting strong employment growth over the past year, according to a news release.

Once against the highest jobless rates were found in Western Montana. Sanders County sat at 12%, worst in Montana, with Lincoln County a close second at 11.9%.

Elsewhere, Lake County's unemployment rate sat at 8.4% and Flathead County was as 7.9%. Mineral County and Ravalli County was at 7.8%, while Missoula County's jobless rate sat at 5.5%.

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