Iowa’s unemployment rate dropped down to two-point-seven percent in April, compared to 2.8% in March. Iowa Workforce Development spokesperson, Jesse Dougherty, says the labor force participation rate moved up slightly.
Dougherty says the participation rate and getting more people back looking for work is important.
Manufacturing saw an increase of 1,400 jobs.
He says there was a negative in the overall employment number.
That drop was 300 jobs in total nonfarm employment from March to April, the first loss since November 2022. Dougherty says it’s not a concern for the overall economy.
IWD says the lowest Iowa unemployment rate was two-point-three percent in April 2022. That number came after the US Labor Department made its annual revisions for the year.