July 20th, 2008
Nationally in June, unemployment was up to 5.5%.
In Iowa, unemployment increased slightly to 4% in June. Compare this to 3.8% in June of 2007.
With the economic slowdown, employment has been effected. It’s also fair to say that flooding has played it’s part in Iowa’s rise of unemployment.
Here’s the breakdown for June’s employment numbers:
Jobs Lost:
- Government: 3,200 jobs.
- Trade, Transportation, and Utilities: 1,500 jobs.
- Manufacturing: 1,300 jobs.
- Professional and Business Services: 900 jobs.
- Information: 200 jobs.
Jobs Added:
- Education and Health Services: 2,000 jobs.
- Leisure and Hospitality: 1,000 jobs.
- Construction: 400 jobs.
- Mining: 100 jobs.
- Financial Activities: 100 jobs.
- Other Services: 100 jobs.
As it always seems, we’re trending in the same direction as the rest of the country. The good news is it’s at a much slower pace. This being another reason why Iowa’s a great place to live!
