Steve Bullock today announced Montana ranks 6
th in the nation on
employment performance since the pre-COVID-19 recession peak and emphasized the
need for a healthy workforce to have a healthy economy as COVID-19 cases
healthy economy is truly reliant on a healthy population – and a healthy
population relies on masking up, avoiding large gatherings, staying home when
sick, and following quarantine orders from your local health department,”
Governor Bullock said. “By
taking these steps, we can keep Montana’s workers and business owners healthy
and safe, allowing our economic recovery to continue.”
is tracked on a
new comparative performance
published by the Montana Department of Labor & Industry. The new addition
to DLI’s Job Tracking dashboard tracks state comparisons on a variety of
metrics, in addition to county and industry comparisons. Montana continues to
outperform the national economy in recovery from the pandemic.
highlights on the dashboard include:
job loss from the February peak to the April trough was smaller than other
states, only down 11.6% compared to the national loss of 16%. The shorter
duration of Montana’s shutdown helped to moderate employment losses.
job growth since April has been strong, gaining 9.2% and ranking 20th
highlights of Montana’s economic recovery are:
ranks 11th among states for best performance in total employment over the
last year (Aug 2019 to Aug 2020, in LAUS total employment).
August payroll job level is 5.7% lower than its February level, compared
to the U.S. payroll jobs level, which is 7.6% lower than in February.
Montana’s unemployment rate for August was released at 5.6%, the 7
lowest in the nation, and well below the national rate of 8.4%. Visit the
Department of Labor & Industry’s Labor Market Information website at
lmi.mt.gov for additional information and
analysis, including industry employment levels, background on the unemployment
rate, and wage rates by occupation. Visit
lmi.mt.gov/home/job-tracking for Montana unemployment claims
and economic data for the current recession.