Iowa’s Unemployment Rate Dives in July

August 27, 2020

Iowa Workforce Development (IWD) issued a news release last Friday indicating Iowa’s seasonally adjusted unemployment rate declined to 6.6% in the month of July. This is compared to 8.0% from June. The U.S. unemployment rate was 10.2% for July. The number of unemployed Iowans dropped from 137,700 in June to 107,300 in July. This is encouraging news for Iowa’s economy as businesses continue to rehire individuals who were let go during the shutdown earlier this spring.