August 31, 2022
Job creation in Montana grew for the 27th consecutive month in July as the number of workers reached a record high, according to state and federal statistics.
The Treasure State's labor force added 1,470 workers in July, while Montana’s total employment grew by 712 workers, according to data compiled by the U.S. Bureau of Labor Statistics and the Montana Department of Labor & Industry.
Montana’s labor force participation rate rose to 62.7% as private-sector payrolls had a net gain of 500 jobs in July, with health care and social assistance leading the way with 800 jobs added.
Related: Montana's meat processing has more than doubled
The state’s labor force participation rate is the proportion of the working-age population that is either working or actively looking for work.
“With our focus on trades education and expanding opportunities for good-paying careers, more and more Montanans are getting back to work,” Gov. Greg Gianforte said. “Montana’s record job growth is easing our workforce shortage and providing relief to employers who are hiring.”
Montana’s unemployment rate was 2.7% in July, as labor force growth continued to outpace total employment. The unemployment rate for the U.S. was at 3.5% in July.
Source: Office of Montana Gov. Greg Gianforte, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.
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