Officials say Iowa unemployment rate shows rise in January
LINCOLN, Neb. (Nebraska) — Iowa officials are touting labor force growth as the reason for lower unemployment.
The state’s unemployment rate was 3% in January, compared to 3.1% in December, according to Iowa Workforce Development. The unemployment rate in Iowa for December was also reduced to 3%.
The labor force data for the last five years, from 2018 to 2022, was recently revised due to mandatory review by the US Department of Labor. Iowa Workforce Development says it’s a process of re-evaluating statistics as more complete data becomes available.
The number of unemployed Iowans fell to 51,100 in January, down 1,200 from revised data for December.
Officials say jobs increased by 8,300 at the start of the year and the state’s labor force participation rate was 68.1% in January, close to the highest level Iowa has seen since the start of the COVID-19 pandemic.
“The significant increase in both the number of Iowans in employment and in the number of people returning to work is a very positive sign,” said Beth Townsend, Iowa’s Director of Workforce Development.
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