State unemployment rate down to 2.7 percent in May
Iowa saw its seasonally adjusted unemployment rate fall in May to 2.7 percent, down from 3.2 percent a year ago, according to Iowa Workforce Development. The U.S. unemployment rate dropped to 3.8 percent in May. “May was another positive month for Iowa’s workforce and economy,” Beth Townsend, Iowa Workforce Development director, said in a release out today. “More Iowans are working than the same time last year and construction hiring is again on the upswing, with over 4,000 jobs added since January. What Iowa needs are more workers and we need to be doing everything we can, as a state to increase the number of skilled workers, like Future Ready Iowa.” The number of unemployed Iowans decreased to 46,000 in May from 47,000 in April. The current estimate is 7,900 lower than the year-ago level of 53,900.