Iowa’s April Unemployment Rate Soared to 10.2%

Iowa’s Unemployment Rate soared to 10.2% in April, reflecting the economic costs of efforts to slow the spread of the coronavirus.

 

Iowa Workforce Development reported today that Iowa’s unemployment rate rose to 3.3% in March and then roughly tripled in April.

 

Iowa’s April 2019 rate was 2.7%.

 

The national unemployment rate for April was 14.7%.  Beth Townsend, Director of the Iowa Workforce Development, says she was hopeful that as Gov. Kim Reynolds ends restriction on businesses and gatherings that were intended to prevent outbreaks, the economy will quickly improve.