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Duthie, Steve

August 2017 Economic Situation Report

Governor Bullock Announces Montana’s Unemployment Rate Remains at Ideal Levels

Governor Bullock Announces Montana’s Unemployment Rate Remains at Ideal Levels

2,000 new jobs added to Montana’s economy in August

MONTANA – Governor Steve Bullock today announced Montana’s unemployment rate remained at 3.9% in August. The U.S. unemployment rate increased slightly by 0.1 percentage points to 4.4%.

“Montana’s economy is strong,” said Governor Bullock. “Businesses are growing and hiring more employees. We must continue to ensure employers have access to a highly-skilled workforce to fill good-paying jobs through apprenticeship, work-based learning, and continuing investments in education – from pre-K to college.”

Payroll employment increased by 2,000 jobs in August, with retail trade and healthcare leading the industries adding jobs. Total employment increased by 400 jobs in August on a seasonally adjusted basis. Total employment includes the self-employed, agricultural workers, and payroll employment.

The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.4% in August. The increase is primarily due to increases in prices for gasoline and shelter. Over the last 12 months, the CPI-U has increased by 1.9%. The index for all items less food and energy, also called core inflation, increased 0.2% in August. 

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** Unemployment figures are seasonally-adjusted.  Seasonally-adjusted numbers remove the effects of events that follow a more or less regular month-to-month pattern each year. These adjustments make nonseasonal patterns easier to identify. The margin of error for the unemployment rate is plus or minus 0.5 percentage points at the 90 percent confidence level. All questions relating to the calculation of unemployment rates should be directed to the Montana Department of Labor and Industry’s Research and Analysis Bureau at 1-800-541-3904.

The next Labor Situation Report for the month of September 2017 will be released on Friday, October 20, 2017. 

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