IOWA'S UNEMPLOYMENT RATE DROPS TO 18-YEAR LOW
Tuesday, October 02, 2018
Iowa's Unemployment Rate Drops to 18-Year Low
Iowa’s seasonally adjusted unemployment rate dropped to 2.6 percent in July. The state’s jobless rate was 3.1 percent one year ago. The U.S. unemployment rate decreased to 3.9 percent in July.
"Iowa hasn't seen an unemployment rate this low in 18 years and the amount of help available to employers to find workforce is substantial as evidenced by the more than 13,000 additional Iowans employed now compared to the same time last year” said Beth Townsend, director of Iowa Workforce Development. “At our IowaWORKS Centers across the state, we are helping employers find employees even in this tough environment by using resources like the Work Opportunity Tax Credit and the Federal Bond Program that bring individuals with barriers into the workplace. We are bringing veterans to Iowa through Home Base Iowa, which helps businesses find highly motivated and skilled workers every day. So far over 600 Iowans have signed up to attend Future Ready Iowa summitsacross the state this fall to help their communities develop plans to meet their own talent pipeline needs. As usual, Iowans are working collaboratively to build the workforce we need now and in the future."