Iowa’s Unemployment Rate Drops Again
Iowa’s seasonally adjusted unemployment rate decreased to 3.5 percent from the revised December rate of 3.7 percent. The state’s jobless rate was 2.8 percent one year ago. The U.S. unemployment rate fell to 6.3 percent in January.
“Since last April, 2020, Iowa has grown its workforce by 45,400. In January, Iowa added 8,200 workers, which is a positive sign as we look to get more Iowans back into the workforce,” said Director Beth Townsend, Iowa Workforce Development. “As the weather continues to improve and our seasonal layoffs come to an end, we are hopeful our unemployment rate will continue to decline and our labor participation rate will improve.”
The number of unemployed Iowans decreased to 57,400 in January from 59,900 in December. The current estimate is 132,800 lower than the COVID-19 revised peak in April of 190,200 and 8,100 higher than the year ago level of 49,300. The total number of working Iowans increased to 1,567,800 in January. This figure was 8,200 higher than December’s number of 1,559,600 and 45,400 higher than April 2020.