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Oct. 23, 2020Des Moines, Iowa | By: AP
DES MOINES, Iowa (AP) - Iowa's unemployment rate for September dropped to 4.7%, continuing a five-month trend of hiring after the state's economy was hit by the coronavirus pandemic.
Iowa Workforce Development reported Tuesday that the unemployment rate was down from 6% in August. The rate has declined every month since April, when unemployment peaked in Iowa.
There were an estimated 76,600 unemployed Iowa residents in September. That is nearly 28,000 more than a year ago but down by more than 110,000 from April.
Iowa's unemployment rate was fifth-lowest in the nation. The U.S. unemployment rate in September was 7.9%.