Montana Unemployment Rate Steady in May
Montana’s unemployment rate remained steady over the month of May at 4.2 percent. The U.S. unemployment declined by 0.3 percentage points to 4.7 percent.
“Montana’s workers continue to realize strong real wage gains, providing opportunities for our workforce and businesses to thrive,” said Montana Department of Labor & Industry Commissioner Pam Bucy. “Last year average annual wages were at the highest levels in our state’s history. Montanans are reaping the gains of our strong and growing economy.”
Montana’s average annual wage was $40,075 in 2015. Real wages increased by 2.9 percent, meaning that the growth in wages was much faster than the growth in the price of goods and services, suggesting increased living standards for Montana’s workers and their families.