Montana employment at all-time high, wages growing
MONTANA – New data from the Montana Department of Labor and Industry revealed that Montana’s unemployment rate has dropped again to 3.9 percent from April. The report found that the state’s unemployment rate are officially over the half million mark for the first time. This is in sharp contrast to the national average, which increased 0.1 percent to 5.5 percent in the same time frame.
As if that wasn’t enough for Montana’s residents to cheer about, new information collected at the same time found that average annual wages increased by 3.5 percent to $38,875 in 2014. This is nothing but good news for a state with a booming economy and excellent economic prospects for the foreseeable future.
“Strong employment growth in the first five months of 2015 has pushed Montana’s employment level to more than half a million jobs,” said Labor Commissioner Pam Bucy, in a press release from Gov. Steve Bullock’s office. “The Montana Department of Labor and Industry is committed to identifying and training more Montana workers to increase this number even further,” she added.
The department’s study takes payroll employment as well as self-employment and agricultural workers into account, and found that jobs had increased by 1,900 in April and 1,469 in May. The combined statistics found a total increase of 11,989 jobs in the last 12 months.
“Our strong growth and low unemployment are driving up wages, meaning more Montanans are working and putting more money in their pockets on payday,” Bullock said.
Source: State of Montana Newsroom