Iowa’s unemployment rate drops
January 26, 2017
Iowa’s unemployment rate dropped to 3.6 percent in December, Iowa Workforce Development reported Tuesday. “Iowa’s economy received a boost in December as businesses added jobs and unemployment eased to 3.6 percent,” Beth Townsend, Director of Iowa Workforce Development, said in a press release. “While Iowa’s economy has grown at a slower rate than in the past, growth in construction, finance and healthcare offset losses in other areas. Time will tell if the growth seen in December will continue and expand in 2017.”
The nationwide unemployment rate is currently at 4.7 percent. Given the low unemployment rate, the state’s unemployment trust fund is solvent and rates should stay steady for employers.