Montana Unemployment

According to the BLS current population survey (CPS), the unemployment rate for Montana fell 0.1 percentage points in November 2022 to 2.9%. The state unemployment rate was 0.7 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 9.3 percentage points lower. From a post peak low of 2.3% in March 2022, the unemployment rate has now grown by 0.6 percentage points. You can also see Montana unemployment compared to other states.

Unemployment Rate	November 2022	Month/Month	Year/Year
National	3.6%	-0.1	-0.6
Montana	2.9%	-0.1	0.0

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

Unemployment Rate: Montana, National

Montana monthly unemployment rate chart from 1990 to November 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 49,060 fewer people unemployed in the state. From a recent trough of 13,097 in March 2022, the number of unemployed has now grown by 3,352. Montana job growth data is also available.

Unemployed Persons	November 2022	Month/Month	Year/Year
Montana	16,449	-448	+164

Number of Unemployed Persons