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Duthie, Steve

June 2017 Economic Situation Report

Governor Bullock Announces Montana Unemployment Rate Remains at Ideal Level

Governor Bullock Announces Montana Unemployment Rate Remains at Ideal Level

MONTANA – Governor Steve Bullock today announced Montana’s unemployment rate remained at 3.9% in June, half a percentage point below the national average. The U.S. unemployment rate increased by 0.1 percentage points to 4.4%.

“Montana’s economy continues to grow and diversify and more Main Street Montana businesses are expanding and hiring more workers,” said Governor Bullock. “As summer kicks into high gear, we are continuing to find new ways to ensure Montana businesses have a steady pipeline of skilled workers to fill good-paying jobs.”

Total employment levels, which include self-employed and agricultural workers, increased by 220 jobs over the month. The number of people in the labor force also increased over the past month, keeping the unemployment rate unchanged. Payroll employment estimates indicate a loss of 600 jobs over the month, but an increase of 6,700 jobs since June 2016.

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in June. A decline in the energy index offset an increase in the index for all items less food and energy. Over the last 12 months, the CPI-U has increased by 1.6%. The index for all items less food and energy, also called core inflation, increased 0.1% in June. 

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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 July 2017 will be released on Friday, August 18, 2017. 

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