Governor Bullock Announces Montana’s Unemployment Rate Falls to 3.7%

  • — August 20 2018

MONTANA – Montana’s unemployment rate dropped again for the third straight month, down to 3.7% for the month of July. The U.S. unemployment rate was at 3.9% in July.

"With Montana’s unemployment rate at the lowest in over a decade, and as Montana’s economy continues to grow with more good-paying jobs, we have a lot to be excited about,” said Governor Bullock. “This is a reflection of our strong business climate and entrepreneurialism, as well as efforts in both the public and private sectors to build a more diverse workforce that’s ready to take on the jobs of today and the future.”

Payroll employment posted a gain of 900 jobs in July, for a total of 3,400 jobs added in the last three months.  Local government again posted the largest over-the-month growth, with the Administrative Support industry also posting a large increase. Total employment levels posted insignificant growth over the last month, despite increases in payroll employment, indicating workers switching from self-employment to payroll jobs.

The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.2% in July, with most of the increase coming from an increase in shelter prices. The acceleration of inflation continued, with the over-the-year increase in the CPI-U hitting 2.9% for the second month in a row. The index for all items less food and energy, also called core inflation, increased 0.2% in July, with a change of 2.4% over-the- year, the largest over-the-year increase since September 2008. 

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** Unemployment figures are seasonally-adjusted.  Seasonally-adjusted numbers remove the effects of events that follow a more or less regular month-to-month pattern each year. These adjustments make non-seasonal patterns easier to identify. The margin of error for the unemployment rate is plus or minus 0.5 percentage points at the 90 percent confidence level. All questions relating to the calculation of unemployment rates should be directed to the Montana Department of Labor & Industry’s Research and Analysis Bureau at 406-444-4100.

The next Labor Situation Report for the month of August 2018 will be released on Friday, September 21, 2018.

****** INFORMATION AVAILABLE ON THE INTERNET ******

Visit our website at www.lmi.mt.gov for additional information and analysis, including industry employment levels, background on the unemployment rate, and wage rates by occupation.  This month’s Economy at a Glance discusses employment projections in Montana.

****** COUNTY UNEMPLOYMENT RATES ******

The unemployment rate and ranking for each of Montana’s 56 counties is provided below for your convenience.  County unemployment rates and employment levels are not seasonally adjusted and should be compared to the unadjusted statewide unemployment rate of 3.2%.

Rank

County

Current Unemployment

Rate

Change

over Year

Current

Employment

Job Change

from Last Year

1

Daniels County

1.6

-0.4

914

-18

2

Fallon County

1.7

-0.7

1,629

-124

3

McCone County

1.8

-0.3

996

-57

4

Carter County

1.9

-0.7

664

-34

5

Gallatin County

2.0

-0.3

68,110

1,504

6

Sheridan County

2.2

-0.2

1,731

-80

7

Garfield County

2.4

-0.6

768

-18

7

Judith Basin County

2.4

-0.9

865

-30

7

Liberty County

2.4

-0.1

962

-51

7

Powder River County

2.4

0.5

983

-35

7

Treasure County

2.4

-1.4

319

-14

12

Sweet Grass County

2.5

-0.2

1,801

-14

12

Valley County

2.5

-0.4

4,110

-87

14

Beaverhead County

2.6

0.0

5,038

-31

14

Chouteau County

2.6

-0.6

2,406

-63

14

Toole County

2.6

-0.4

2,040

-127

17

Custer County

2.7

-0.2

5,882

-173

17

Madison County

2.7

-0.6

4,216

-20

17

Meagher County

2.7

-1.1

951

-17

20

Dawson County

2.8

-0.4

4,374

-167

20

Fergus County

2.8

-0.4

5,590

-109

20

Park County

2.8

-0.2

9,169

169

20

Stillwater County

2.8

-0.8

4,657

-70

24

Carbon County

2.9

-0.4

5,248

-49

24

Missoula County

2.9

-0.5

59,748

252

24

Petroleum County

2.9

-0.2

266

-13

24

Teton County

2.9

-0.6

2,616

-95

28

Lewis and Clark County

3.0

-0.2

34,130

-806

28

Richland County

3.0

-0.6

5,516

-403

30

Deer Lodge County

3.1

0.0

5,055

-142

31

Cascade County

3.3

-0.3

36,057

8

31

Jefferson County

3.3

-0.4

5,423

-146

31

Powell County

3.3

0.0

2,797

-79

31

Yellowstone County

3.3

-0.2

79,045

-80

35

Broadwater County

3.5

-0.5

2,506

-5

35

Hill County

3.5

-0.4

7,563

31

35

Ravalli County

3.5

-0.6

19,266

280

38

Blaine County

3.6

-0.1

2,171

-55

38

Flathead County

3.6

-0.5

48,224

943

38

Silver Bow County

3.6

-0.2

16,865

-101

41

Musselshell County

3.8

0.0

2,199

-49

41

Phillips County

3.8

-0.2

1,789

-51

41

Wibaux County

3.8

0.2

458

-47

44

Lake County

3.9

-0.2

13,245

405

45

Golden Valley County

4.0

0.4

364

-8

45

Pondera County

4.0

0.1

2,582

-88

45

Wheatland County

4.0

0.3

744

-27

48

Granite County

4.2

-0.6

1,621

-7

49

Prairie County

4.3

1.2

471

-31

50

Roosevelt County

4.8

-0.5

4,349

-28

51

Rosebud County

5.0

-0.3

3,693

-92

51

Sanders County

5.0

-0.3

4,612

47

53

Mineral County

6.0

0.2

1,612

-47

54

Lincoln County

6.1

-1.1

7,435

-39

55

Glacier County

7.7

-0.2

5,497

-158

56

Big Horn County

8.9

-4.8

4,704

-27

****** RESERVATION UNEMPLOYMENT RATES ******

The unemployment rate and ranking for each of Montana’s seven reservations is provided below.  Reservation unemployment rates and employment levels are not seasonally adjusted and should be compared to the unadjusted statewide unemployment rate of 3.2%. Reservation areas overlap with county areas, meaning that unemployed individuals living on a reservation will be included in both the reservation and county totals.

Rank

Reservation

Current Unemployment

Change over Year

Current Employment

Job Change from Last Year

Rate

1

Flathead

4.1

-0.2

12,928

369

2

Fort Peck

5.9

-0.6

3,920

-34

3

Fort Belknap

8.5

-0.2

715

-18

4

Rocky Boy's

10.3

-1.5

1,081

-6

5

Blackfeet

10.7

-0.2

3,874

-113

6

Northern Cheyenne

12.8

-2.1

1,298

-23

7

Crow

13.3

-6.5

2,381

-13

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