Montana Unemployment

According to the BLS current population survey (CPS), the unemployment rate for Montana rose 0.1 percentage points in July 2022 to 2.7%. The state unemployment rate was 0.8 percentage points lower than the national rate for the month. The unemployment rate in Montana peaked in April 2020 at 12.2% and is now 9.5 percentage points lower. From a post peak low of 2.3% in March 2022, the unemployment rate has now grown by 0.4 percentage points. You can also see Montana unemployment compared to other states.

Unemployment Rate	July 2022	Month/Month	Year/Year
National	3.5%	-0.1	-1.9
Montana	2.7%	+0.1	-0.8

Note: All comparisons are made with July data as August state level unemployment data has not yet been released.

Unemployment Rate: Montana, National

Montana monthly unemployment rate chart from 1990 to July 2022

Note: Recessions shown in gray

Montana Unemployed

The number of people unemployed in Montana peaked in April 2020 at 65,509. There are now 50,333 fewer people unemployed in the state. From a recent trough of 13,097 in March 2022, the number of unemployed has now grown by 2,079. Montana job growth data is also available.

Unemployed Persons	July 2022	Month/Month	Year/Year
Montana	15,176	+758	-4,372

Number of Unemployed Persons