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Duthie, Steve

May 2018 Economic Situation Report

Governor Bullock Announces Montana’s Unemployment Rate Falls to 3.9%

FOR IMMEDIATE RELEASE:

Friday, June 15, 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
Jake Troyer, Communications Director, Department of Labor & Industry, 444-1674

Governor Bullock Announces Montana’s Unemployment Rate Falls to 3.9%

MONTANA – Governor Steve Bullock today announced Montana’s unemployment rate dropped slightly to 3.9% for the month of May. The U.S. unemployment rate was at 3.8% in May.

 

“Montana’s economy strong and growing – more Montanans are on the job than ever before in our state’s history and we lead the country in middle-class growth,” said Governor Bullock. “And we continue to invest in the workers of today and our workforce of tomorrow – all the way from pre-school to post-secondary education like college, apprenticeships and work based-learning.”

Payroll employment posted a gain of 1,000 jobs, while total employment levels posted insignificant changes over the last month. The largest gains were in the professional and technical services industry.

The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.2% in May, primarily due to increases in the gasoline and shelter indexes. Over the last 12 months, inflation has been accelerating, with an increase of 2.8% in the CPI-U. The index for all items less food and energy, also called core inflation, increased 0.2% in May, with a change of 2.2% 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 at406-444-4100.

The next Labor Situation Report for the month of June 2018 will be released on Friday, July 20, 2018.

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