Iowa’s seasonally adjusted unemployment rate dropped to 2.5% in July, down from 2.6% in June and 4.4% one year ago. The U.S. unemployment rate decreased to 3.5% in July.
The number of unemployed Iowans decreased to 43,000 in July from 43,900 in June. The total number of working Iowans increased to 1,667,200 in July, 1,800 higher than June and 58,600 higher than a year ago.
Overall, the state’s labor force participation rate remained at 67.8% in July, despite 1,400 Iowans rejoining the labor force. Iowa added a total of 3,800 jobs.