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Duthie, Steve

November 2017 Economic Situation Report

Governor Bullock announces Montana’s unemployment rate steady in 2017

FOR IMMEDIATE RELEASE

Friday, December 22, 2017

CONTACTS:

Ronja Abel, Communications Director, Governor’s Office, 444-9725

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

Barbara Wagner, Chief Economist, Department of Labor & Industry, 444-5474

Governor Bullock announces Montana’s unemployment rate steady in 2017

1,400 jobs added over the last three months

MONTANA – Governor Steve Bullock today announced Montana’s unemployment rate was 4.0% for the month of November, maintaining the same relative level for most of 2017. The U.S. unemployment rate remained at 4.1%.

“Montana workers and families are heading into the holidays with a strong economy driving growth in local communities across the state,” said Governor Bullock. “Our wage growth continues to outpace inflation and businesses are hiring for good-paying jobs, making job opportunities plentiful.”

Payroll job levels remained fairly steady over the month, adding a few hundred jobs in the private sector offset by continued small losses in government jobs. Over the last three months, Montana has added about 1,400 payroll jobs. Total employment (which includes payroll jobs plus the self-employed and agricultural workers) remained fairly level over the month on a seasonally adjusted basis. Based on the data posted so far, Montana is expected to finish 2017 with employment growth of 0.8%, and wage growth nearly double last year’s pace.

The Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.4% in November, led by a large increase in the price of gasoline and other energy. Over the last 12 months, the CPI-U has increased by 2.2%. The index for all items less food and energy, also called core inflation, increased 0.1% in November, with a change of 1.7% 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 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 December 2017 will be released on Friday, January 19, 2018. 

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