December Sees an Increase in Both Workforce Participation and Unemployment
The unemployment rate in Iowa increased slightly to 3.2% in December due to an influx of job seekers, as stated by Iowa Workforce Development director Beth Townsend. This rise in labor force participation was mainly from newly graduated students entering the job market. Business also added 4,000 jobs in December, following the 3,300 added in November, signifying a promising trend. However, these gains were partly offset by layoffs, particularly in the ag industries. Nonetheless, the overall situation was positive, with increased hiring, especially in the construction and trade and transportation sectors, adding 800 and 600 jobs respectively. The next unemployment figures will be available in March.
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