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Duthie, Steve

March 2018 Economic Situation Report

Governor Bullock Announces Montana’s Unemployment Rate Stable

FOR IMMEDIATE RELEASE:
Friday, April 20, 2018

CONTACTS:
Ronja Abel, Communications Director, Governor’s Office, 444-9725
Marissa Perry, Press Secretary, Governor’s Office, 444-4514
Barbara Wagner, Chief Economist, Department of Labor & Industry, 444-5474

Governor Bullock Announces Montana’s Unemployment Rate Stable

MONTANA – Governor Steve Bullock today announced Montana’s unemployment rate remained stable at 4.1% for the month of March. The U.S. unemployment rate also remained at 4.1%.

“Montana’s economy continues to grow and diversify, creating new opportunities for businesses small and large to expand and create more good-paying jobs for Montanans,” said Governor Bullock. “As winter turns to spring, Montanans and communities across the state are feeling the benefits of a strong economy and record workforce participation.”

Both payroll and total employment levels posted insignificant decreases over the last month, with little changes in employment levels across most industries. There were also insignificant changes in both the labor force and unemployment estimates. Similar to February, little has changed in the Montana economy over the last month. 

The Consumer Price Index for All Urban Consumers (CPI-U) decreased by 0.1% in March, primarily due to a 4.9% decrease in the gasoline index. Over the last 12 months, the CPI-U has increased by 2.4%. The index for all items less food and energy, also called core inflation, increased 0.2% in March, with a change of 2.1% over the last year. 

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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 non-seasonal 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 & Industry’s Research and Analysis Bureau at1-800-541-3904.

The next Labor Situation Report for the month of April 2018 will be released on Friday, May 18, 2018.

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