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Duthie, Steve

September 2018 Economic Situation Report

Governor Bullock Announces Montana’s Unemployment Rate at 3.6%

FOR IMMEDIATE RELEASE

Friday, October 19, 2018

CONTACTS:
Ronja Abel, Communications Director, Governor’s Office, 444-9725
Marissa Perry, Press Secretary, Governor’s Office, (406) 444-4514
Erin Loranger, Communications Director, Department of Labor & Industry, (406) 444-1674

Governor Bullock Announces Montana’s Unemployment Rate at 3.6%

MONTANA – Governor Steve Bullock today announced that Montana’s unemployment rate is at 3.6% for the month of September, down by a half percentage point since the start of the year and at the lowest rate in over a decade. The U.S. unemployment rate declined to 3.7%.

“Over the last five years, Montana has added over 29,000 jobs, over 6,300 new businesses have been created, and average annual wages have increased by roughly $1,000 per year,” said Governor Bullock. “We must build on this strong economy and continue our efforts to ensure businesses have the skilled workforce they need to succeed, the next generation is able take on the jobs of the future, and upward mobility is attainable for all Montana families.”

Payroll employment posted a gain of 500 jobs in September, with 800 jobs gained in the private sector.  Similar employment gains were indicated by the total employment data, which includes agricultural and self-employed workers in addition to payroll employment.

The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.1% in September due to price increases in housing and shelter. The index for all items less food and energy, also called core inflation, increased 0.1% in September, with a change of 2.2% over-the- 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 at 406-444-4100.

The next Labor Situation Report for the month of October 2018 will be released on Friday, November 16, 2018.

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