Contact Us

Montana’s Unemployment Rate Dips to Six Percent

now hiring
Photo courtesy of ***Karen/Flickr

New numbers out of Montana’s Department of Labor and Industry are showing that October was a good month job growth.

The unemployment rate dropped 0.1% to reach 6.0% in what Labor Commissioner Keith Kelly is calling “the strongest monthly gain since the end of the recession in 2009.”

The change in the unemployment rate is seasonally adjusted to take into account hiring rates for the holidays. Total employment jumped up by nearly 1,572 jobs in October. To put that into perspective, the average monthly increase in 2011 was 708 jobs per month.

Interview with Senior Economist Barbara Wagner:

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

As has been the case since the recession, the northwest region has lagged behind growth in other regions of the state. “While the state as a whole has been growing jobs at about 2%,” explains Senior economist with the Department of Labor and Industry, Barb Wagner, “in Ravalli and Missoula county growth is only at about .7% over the last year.”

As far as the consumer price index is concerned, there was a decrease in the cost of energy, however, core inflation still rose because of an increase in the cost of food by 0.2% and an increase in the cost of housing and rentals by 0.3%. The increase in housing could be a good sign that the building industry is en route to a recovery.

 

 

More From News Talk KGVO

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://newstalkkgvo.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on News Talk KGVO Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on News Talk KGVO Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!