Iowa’s seasonally adjusted unemployment rate remained at 2.9 percent in January after an upward revision to the December 2017 rate. The state’s jobless rate was 3.4 percent one year ago. The U.S. unemployment rate was unchanged at 4.1 percent in January.
"With the unemployment rate remaining steady through the winter months, Iowa has weathered the cold with minimal seasonal layoffs," said Beth Townsend, Iowa Workforce Development Director. "With our sustained low unemployment, this is an ideal time for people who may have challenges to finding a job explore their options. Iowans can receive resume assistance and job hunting guidance at no cost by visiting their local IowaWORKS Center."
The number of unemployed Iowans decreased to 48,300 in January from 49,300 in December. The current estimate is 9,100 lower than the year ago level of 57,400. The total number of working Iowans decreased to 1,625,300 in January. This figure was 300 lower than December and 800 lower than one year ago.
The Local Area Unemployment Statistics (LAUS) program is implementing new seasonal adjustment procedures in 2018. The trend filter used to remove the non-seasonal volatility introduced by real-time benchmarking is being replaced with a new filter. The new filter places less weight on the current month’s estimates, therefore decreasing the month-to-month volatility in the seasonally adjusted estimates. Seasonally adjusted monthly labor force data have been revised for 1976-2017 as required by the U.S. Department of Labor, Bureau of Labor Statistics.