Montana's unemployment rate drops in December

Montana’s unemployment rate declined to 4.4% in December, down from 4.6% in November. Montana’s rate remains lower than the national rate of 6.7% in December.

“While we’re encouraged that Montana’s unemployment rate remains lower than the national rate, we have work to do to get our economy going again, get Montana open for business, and get Montanans back to work in good-paying jobs,” Governor Greg Gianforte said.

Payroll employment added 400 jobs over the last month, with job gains in construction, retail trade, and healthcare. Total employment, which includes payroll, agricultural, and self-employed workers, fell by 1,180 jobs in December, the first contraction since April. Total employment gains for the 4th quarter remained strong, adding roughly 4,800 jobs. The labor force contracted by 2,382 in December.

The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.4% in December, led by a large increase in gasoline prices. The index for all items less food and energy, referred to as core inflation, increased by 0.1%.