Jobless Rate Dips in Cedar Rapids, Unchanged in Iowa City
By George Ford, Reporter
CEDAR RAPIDS, Iowa - The number of Cedar Rapids residents employed in October rose by 900 from the previous month to 142,000, according to Iowa Workforce Development, as the jobless rate dipped to 4.2 percent from 4.3 percent in September.
The largest employment gains were seen in educational and health services with 400 jobs, trade, transportation and warehousing added 30 positions, and professional and business services, which grew by 200 jobs.
Manufacturing and other services each added 100 jobs.
Government, which was unchanged in October, has seen the greatest reduction in jobs over the year with a loss of 1,300 positions, entirely in local government. Manufacturing is just 200 jobs above a year ago.
Trade, transportation and warehousing has added more jobs than any other industry with a gain of 1,000 positions.
Iowa City's unemployment rate was unchanged from September at 3 percent in October. Nonfarm employment added 800 jobs and stood at 96,700 in October, an historic high for the Iowa City metropolitan area.
The job gains were distributed among all industries except leisure and hospitality, which shed 100 jobs due to seasonal reductions.
Government added the greatest number of jobs with gains of 300 positions in state government and 200 in local government.
Iowa's seasonally adjusted unemployment rate improved slightly to 4.6 percent in October, down from 4.7 percent in September and lower than the 5.1 percent recorded in October 2012.
The total number of working Iowans reached a peak for the year of 1,583,300 in October. The figure is 3,000 higher than September and 35,700 higher than a year ago.