Montana's Unemployment Rate Remains Under 3.4% for 40 Consecutive Months
Montana recently marked its 40th successful month of maintaining an unemployment rate equal to or less than 3.4%. This achievement came in October, with a rate of 3.3%, compared to the national rate of 4.1%. Montana’s Governor, Greg Gianforte, credits this success to the state implementing pro-jobs, family, and business policies. His agenda aims to further enhance the economy, by creating an environment that allows taxpayers to keep more of their earnings, attracts new investment, and fosters the growth of more well-paying jobs.
The state’s previous most extended duration of low unemployment spans back to 2006 and 2007, where unemployment rates held at or below 3.4% for 15 months. Montana has witnessed a slight rise in total employment this October, adding over 11,000 payroll jobs since January. Job growth has been seen predominantly in the healthcare, retail trade, and construction industries.
The Montana Department of Labor and Industry’s latest report shows that the state’s labor force reached a record high of 580,000 people in 2023, which indicates that more than 10,000 Montanans entered the labor force during that year alone. October also saw the fourth consecutive month of a 0.2% increase in consumer prices as measured by the Consumer Price Index for All Urban Consumers.
For those in Montana who may unfortunately find themselves unemployed, contacting the unemployment office is invaluable. To get in touch with them, one could seek out their phone number or use the internet. A useful resource is eddcaller.com, a site that provides information on how to contact unemployment offices in different states, like how to get a hold of edd. It offers tips on calling strategies to reach a live person, thereby potentially saving you time and frustration.