Montana sees slight increase in unemployment rate in October

The October jobs information is out and unemployment is up barely in Montana, persevering with from September.

Montana’s unemployment price rose by 0.1%, and now sits at 3%. Nationally, unemployment sits at 3.7%.

In an announcement launched by the Montana Division of Labor, Gov. Greg Gianforte’s workplace highlighted non-public sector job development, pointing to round 1,800 new jobs principally concentrated within the manufacturing, enterprise providers and meals service industries.

These positive factors have been offset by job cuts in different sectors, most notably amongst state authorities positions. In accordance with state labor statistics, the state authorities reduce round 1,400 jobs final month, which represents over 5% of their workforce.

Division of Labor Chief of Employees John Elizandro attributed the numbers to a discount in seasonal hearth suppression employees and reductions throughout the state larger schooling system.

Whole employment dipped barely by 257 jobs statewide in October.

Flathead County remains to be underperforming the state as a complete, with a non-adjusted unemployment price of two.9% final month. For comparability, that is larger than Montana’s non-adjusted unemployment price of two.6%, the determine that’s usually used to match with county-level statistics. This leaves Flathead County ranked forty first out of Montana’s 56 counties, and final amongst counties with greater than 50,000 folks eligible to be counted among the many workforce.

The costs of products and providers continued to extend, however the inflation price did sluggish in October in comparison with final month. In accordance with the Division of Labor assertion, half of the rise in costs was pushed by growing housing prices.

Reporter Adrian Knowler may be reached at aknowler@dailyinterlake.com or 758-4407.