Iowa Jobless Rate Edges Downward in October
By Dave DeWitte, Reporter
CEDAR RAPIDS, Iowa - Iowa's seasonally adjusted unemployment rate edged down to 5.1 percent in October from 5.2 percent in September.
Iowa Workforce Development said Iowa's unemployment rate was down from 5.8 percent one year ago.
“The Iowa job market looked a little stronger in October, as the state’s unemployment rate continued to drop and hiring strengthened across most industry sectors,” said Teresa Wahlert, director of Iowa Workforce Development.
Wahlert said the October gain of 6,000 nonfarm jobs was the largest in a single month since February.
Local unemployment rates in the Corridor edged upward in October despite gains in nonfarm employment.
The unemployment rate for the Cedar Rapids Metropolitan Statistical Area for October stood at 4.8 percent, compared to 4.6 percent in October.
In the Iowa City MSA, the October unemployment rate stood at 3.4 percent, compared to 3.2 percent for September. Iowa City's October rate was tied with the Ames MSA rate for lowest in the state.
The Iowa City MSA gained 1,500 jobs from September, mainly in government, which added 600. Employment is 2,000 jobs higher than it a year ago, with 1,800 more jobs in service-providing industries and 200 more jobs in goods-producing industries.
The local unemployment rates are not seasonally adjusted.
The Cedar Rapids MSA has gained 2,100 jobs from September, due mainly to a gain of 900 jobs in the education and health services sector. Employment in September was up 1,500 from a year ago.
The national unemployment rate for October stood at 7.9 percent.
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