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News

Iowa Unemployment Rate at 6.6 Percent
Posted 25 January 2010
Iowa’s seasonally adjusted unemployment rate declined slightly to 6.6 percent in December from 6.7 percent in November, continuing a five-month streak of relatively stable unemployment. One year ago, the state’s jobless rate was reported at 4.4 percent. The U.S. unemployment rate remained at 10.0 percent in December.

“The state’s deep cuts in nonfarm employment in December sent a signal that the long-awaited economic recovery remains elusive,” said Elisabeth Buck, director of Iowa Workforce Development. “Companies are still reluctant to hire, making it increasingly difficult for unemployed workers to find jobs.”

The statewide estimate of unemployed workers edged down to 110,800 in December from 111,900 in November, but was 37,100 higher than the December 2008 level of 73,700.

The total number of working Iowans rose slightly to 1,573,000 in December from 1,570,300 in November. One year ago, total employment was 29,900 higher at 1,602,900.

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