Unemployment Rate Drops to 8% for Month of June
July 23, 2020
Last week, Iowa Workforce Development announced that Iowa’s seasonally adjusted unemployment rate had dropped to 8% for June, which is a full two-point drop from May when we were at 10%. Iowa’s jobless rate one year ago was 2.7%. Though 8% is historically high, it is welcome news and demonstrates that Iowans are getting back to work following forced closures due to COVID-19. The number of unemployed Iowans declined from 173,000 in May to 131,200 in June. Read IWD's news release for more details.