November 2016 Employment Situation Report
HELENA, MT – Governor Steve Bullock today announced Montana’s unemployment rate dropped by 0.3 percentage points to 4.0 percent in November. The national unemployment rate decreased by the same amount to 4.6 percent.
"Montanans are primed for a prosperous holiday season, with more people working and earning higher wages than ever before," said Governor Bullock. "Montana’s economy continues to grow and diversify, creating new opportunities for Montana businesses to create good-paying jobs as we ring in the new year."
Payroll employment estimates indicate over-the-month job growth of 2,000 jobs, with strong gains in the construction and leisure activities industries. Total employment estimates, which include the self-employed and agricultural employment in addition to payroll employment, indicated an over-the-month gain of roughly 1,600 jobs.
"Montana continues to post steady job growth and maintain low unemployment rates," said Montana Labor & Industry Commissioner Pam Bucy. "As Montana businesses continue to expand and hire more workers, we must ensure that those businesses have a pipeline of highly-trained, hard-working Montanans to fill the jobs being created."
The Consumer Price Index for All Urban Consumers (CPI-U) increased in November by 0.2 percent, led by price increases for gasoline and housing. Over the last twelve months, the CPI-U rose 1.7 percent before seasonal adjustment. Core inflation, measured by the all items less food and energy index, rose 0.2 percent over the month.
** Statewide 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 and Industry’s Research and Analysis Bureau at 1-800-541-3904.
The next Labor Situation Report for the month of December 2016 will be released on Tuesday, January 24th, 2017.