Iowa’s low unemployment rate has always been a staple of the state. That rate hovered mostly between 1st and 2nd place in the country, but has now dropped from 2.5% to 2.6% which places Iowa squarely tied for 4th place.
Floyd County has had a tough couple of months and is sitting at 3.8% and tied for 2nd highest in the state. This is most likely due to Charles City losing businesses such as Simply Essentials an employer of over 500 people. The downtrend could continue as Kmart just announced their plans to close in February of 2020.
According to the Iowa Workforce Development Director, Beth Townsend, “While Iowa saw a small increase in the number of unemployed in October, we also saw an increase of 9,100 more Iowans in the workforce than we saw in September. Over the past 12 months we have seen more than 52,000 Iowans join the workforce. Employers continue to face a shortage of skilled workers and there are currently over 60,000 job postings on www.IowaWorks.gov. Future Ready Iowa and our partners, the community colleges, are well positioned to help address this shortage through their effort to award thousands of Last-Dollar scholarships in high-demand occupations.”