Iowa's unemployment rate drops to historic low

Iowa’s unemployment rate dropped to 2.4 percent in October, tying the lowest rate recorded in state history.

“This new jobs report is a reflection of the hard work Iowans are doing to keep our state moving,” Gov. Kim Reynolds said. “Not only has our unemployment rate dropped to this historic low, but we’re also seeing Iowa’s workforce continue to grow. The number of unemployed Iowans continues to drop, and employers keep adding jobs – 21,800 since last year.”

The 2.4 percent unemployment rate was first recorded nearly 19 years ago in December 1999. The rate held steady until March 2000, making October 2018 only the fifth month since the Local Area Unemployment Statistics program began in 1976 that the rate recorded was this low.