Iowa’s seasonally adjusted unemployment rate for March dropped to 4.9 percent from 5.0 percent in February, and was substantially below the year ago rate of 5.4 percent. Meanwhile, the U.S. unemployment rate dropped to 7.6 percent in March from 7.7 percent in February.
“As Iowa continues to rebuild its labor force, the Skilled Iowa Initiative is a critical step in improving the quality of job seekers across the state,” said Teresa Wahlert, director of Iowa Workforce Development. “The initiative provides assurances to employers that job candidates have the skills and abilities to fill job openings.”
The estimate of unemployed persons for March decreased slightly to 80,700 from 82,300 in February. The comparable figure for March 2012 was 88,500.
Iowa’s total employment has been gradually increasing over the past six months, reaching 1,562,200 in March. The current figure is up from 1,555,100 in February and 1,561,200 in March 2012.