Thursday, October 28, 2010

Washington County laborforce surges, unemployment holds steady at 5.2%

Washington County's unemployment rate held steady at 5.2% in September, 2010.  This is the 2nd lowest unemployment rate in Eastern Iowa, behind Johnson County.  The real positive news in the County was that the laborforce surged by 2.5% to 12,500 in September from 12,200 in August. The number of employed persons in the County also grew by over 200 to 11,800.

It is encouraging to see people re-entering the laborforce, and crisp increases in hiring or rehiring around the County resulted in over 200 more Washington Co. people being employed.

Of the estimated 600 Washington County unemployed persons, only 215 were drawing Unemployment Insurance benefits.  For 20 of those receiving Unemployment benefits, their last payment occurred in September, while 29 received their first Unemployment benefit payment.

The State and County data is from the Labor Market and Economic Research Bureau of the Iowa Workforce Development.