The unemployment rate in Iowa is now below five percent for the first time since December of 2008. Just 4.9 percent of the workforce was looking for a job last month compared to 5.1 percent that was doing so in October. Kerry Kounce of Iowa Workforce Development says we’re getting closer to what the experts say is full employment in the state.
“We used to say that Iowa was at full employment if it was around 3 ½ percent, but the way industries have changed and things like that it’s probably closer to the 4 or 4 ½ percent that is really full employment because you always have a portion of the labor force that is in transition,” explained Kounce.
The manufacturing sector continues to recover nicely from the recession adding a thousand jobs last month. There was also a boost in the seasonal hiring for the retail sector of the economy.
Iowa Radio Network