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Report: Iowa jobless rate dropped to 4.2 percent in January

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March 17th, 2015 by Ric Hanson

DES MOINES, Iowa (AP) – A new report shows Iowa’s unemployment rate dropped to 4.2 percent in January from 4.3 percent in December. Iowa Workforce Development said in the report released Tuesday that the rate is one-fifth of a point below the January 2014 rate of 4.4 percent. The new Iowa figure places the state below the national jobless rate of 5.7 percent in January.

The report also shows Iowa added 3,100 nonfarm jobs from December to January, with the state’s trade, transportation and utilities sector alone gaining 2,200 jobs. Professional and business services saw an increase of 1,800 jobs across the state, but a loss of 1,300 positions in education and health services offset some employment advances.

Since January 2014, Iowa added 24,800 jobs, led by the state’s construction sector at 6,500 new positions.