Iowa’s economy showed continued growth in November, with employers adding 4,600 jobs to the state’s workforce. This increase brings the total nonfarm employment to 1,599,800, a rise from both October’s 1,595,200 and November 2024’s 1,590,800.
Sector Growth
The gains were seen across multiple sectors. Education and health services led the way, adding 1,100 jobs. Significant increases were also reported in trade, transportation, and utilities (1,000 jobs), construction (900 jobs), and professional and business services (800 jobs).
Beth Townsend, executive director of Iowa Workforce Development, stated that the state “saw strong hiring nearly across the board in November and ended with 9,000 more jobs than the year before – a trend we hope continues in future reports.”
Unemployment and Labor Force Participation
Iowa’s unemployment rate for November was 3.5%, a slight increase from the 3.3% recorded a year prior. The labor force participation rate rose to 67.5%, up from 66.9% in November 2024. Data for October’s unemployment rate was unavailable due to the government shutdown.
For comparison, the U.S. unemployment rate in November was 4.6%.
Looking Ahead
It is possible that the positive hiring trend could continue in the coming months, potentially leading to further decreases in the unemployment rate. However, economic conditions are subject to change, and future reports will be necessary to confirm this trajectory. A slowdown in national economic growth could impact Iowa’s job market. Further gains in the education and health services sector may be anticipated, given ongoing demographic shifts and demand for these services.
Frequently Asked Questions
What sectors saw the biggest job gains in November?
Education and health services added the most jobs in November, with an increase of 1,100 positions. Trade, transportation, and utilities followed with 1,000 new jobs.
What was Iowa’s unemployment rate in November?
Iowa’s unemployment rate in November was 3.5%, up slightly from 3.3% a year ago.
How does Iowa’s labor force participation rate compare to last year?
Iowa’s labor force participation rate in November was 67.5%, an increase from 66.9% in November 2024.
What impact do you think continued job growth will have on Iowa communities?
