Unemployment Rate Drops Because of Holiday Hiring

Dec 16, 2016

Iowa’s unemployment rate took a significant drop in November. It went from 4.1 percent to 3.8 percent. A spokeswoman for Iowa Workforce Development, Courtney Greene, says unemployment in the state is at its lowest point since March.

Credit Iowa Workforce Development

“That’s due in part to holiday or seasonal hiring, and also the great fall weather we experienced this year," she says. "However, the economy remains soft as we transition to seasonal unemployment during the winter months.”

Greene says Iowa’s economy also shed around 47-hundred jobs last month.

“The majority of loss occurred in retail, down 1,400, although transportation, utilities and wholesale shed jobs as well.”

A year ago, Iowa’s unemployment rate was three-point-five percent. The national rate in November was four-point-six percent.