Iowa’s Unemployment Rate Drops Again, Now at 5.3%

Iowa Workforce Development announced this week that Iowa’s unemployment rate had dropped to 5.3% in the month of February. The unemployment rate is continuing to decline in the state of Iowa and is accompanied by a gain in non-farm employment of 8,700 additional jobs.

Iowa continues to retain the 6th lowest unemployment rate in the nation. The national average stayed the same as it was the previous month: 8.3% for the month of February. The five states with better unemployment rates than Iowa are: New Hampshire (5.2%,), Vermont (4.9%), South Dakota (4.3%), Nebraska (4.0%), and North Dakota (3.1%).

Non-farm employment saw a net gain of 8,700 jobs from January to February as the numbers rose from 1,484,800 to 1,493,500. The sectors reflecting the biggest gains were ‘education and health services’ (+3,600), ‘leisure and hospitality’ (+2,100), and ‘construction (+1,300), while ‘other services’ was the only sector that saw a drop in numbers for the month (-500).

As has been the case for the past year, Lyon County remains the statistically best situated county in Iowa with an unemployment rate at a 3.0%. After it lies Johnson county (3.9 % unemployment), while Carroll and Story are right behind (4.0% unemployment rate). The counties that are statistically hurting the most are Allamakee (9.3% unemployment rate), Hamilton (9.0% unemployment rate), Jasper (8.9% unemployment rate), followed by both Lee and Clayton (8.7% unemployment rate).