Montana reaches 23rd consecutive month of unemployment below 3%
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News from the office of Governor Gianforte
HELENA – Governor Greg Gianforte recently announced Montana reached its 23rd consecutive month of unemployment below 3%. Prior to the governor taking office, Montana’s unemployment rate had fallen below 3% only three times since record-keeping began 50 years ago.
“Thanks to the hard work of job creators and our pro-jobs, pro-business policies, Montanans have more opportunity than ever before to obtain and thrive in a good-paying job – from high tech to the construction trades,” Gov. Gianforte said. “Employees with our Montana work ethic are in high demand, and we’ll continue to develop workforce talent pipelines to meet the needs of industry and our growing economy.”
Montanans have created more than 8,400 jobs in 2023 and more than 40,000 jobs since Gov. Gianforte took office in January 2021.
In September, Montana’s labor force grew by more than 625 workers, adding more than 8,000 workers since the start of the year.
Under Gov. Gianforte’s leadership, more Montanans are working than ever before.
Montana’s unemployment rate of 2.7% is more than a percentage point below the national unemployment rate of 3.8% in September.
In September, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% over-the-month. Shelter and gasoline were again the largest contributor to the monthly all items increase. The 12-month change in the all-items index was 3.7%. The index for all items minus food and energy, also called core inflation, increased by 0.3% for the month. For the year ending in September, core inflation was 4.1%.
