The seasonally adjusted unemployment rate in Iowa dropped one tenth to 2.9% in February.
That’s the same as in February 2023 and comes as Iowa’s labor force participation rate ticked down from 67.3% in January to 67.2% in February as a large concentration of young Iowans left work for education.
The number of unemployed Iowans decreased to 50,200 in February from 51,100 in January, while the number of working Iowans fell to 1,650,700. The employed figure is 3,000 lower than January and 13,200 lower than one year ago.