Serving Proudly As The Voice Of Valley County Since 1913
Serving Proudly As The Voice Of Valley County Since 1913
On April 19, Governor Greg Gianforte announced that Montana’s unemployment rate was 3.3 percent in March as employment levels increased.
“Montana’s economy is thriving thanks to our pro-jobs, pro-business policies,” Gov. Gianforte said. “While we continue to battle inflation, many businesses are hiring and providing good paying jobs. Our administration will continue to develop workforce opportunities so every Montanan has a chance to fulfill the American dream.”
Since Gov. Gianforte took office in January 2021, nearly 41,000 jobs have been created in Montana. Under his leadership, total employment reached an all-time high in December.
Montana’s unemployment rate of 3.3 percent remains below the national rate of 3.8 percent.
In March, total employment in Montana increased by 480 workers, while the labor force fell by about 150 workers. Payroll employment increased by 1,700 jobs with the strongest job gains in the healthcare and construction industries.
In March, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent over-the-month. Increases in the shelter index and the gasoline index comprised over half of the monthly increase. The 12-month change in the all-items index was 3.5 percent. The index for all items minus food and energy, or core inflation, rose 0.4 percent in March.
The unadjusted statewide employment rate is 3.3 percent, and this percentage is used when comparing county unemployment rates and employment levels, as these are not seasonally adjusted. Valley County is at 3 percent unemployment rate while surrounding counties Phillips is at 5 percent and Roosevelt is sitting at 4.1 percent, Garfield County is sitting at 4.3 percent and Daniels County is at 2 percent.
Visit our website at http://www.lmi.mt.gov for additional information and analysis, including industry employment levels, background on the unemployment rate, and wage rates by occupation. Visit http://www.lmi.mt.gov/home/job-tracking for Montana unemployment claims and current economic data.
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