Total employment reaches another all-time high under Governor Gianforte’s leadership

HELENA, MT – Governor Greg Gianforte on June 25th, announced that Montana’s unemployment rate remained at 3.1% in May, near the historic, all-time low of 2.3%.

Montana’s unemployment rate remains nearly one percent below the national rate of 4%.

“Even in the face of Joe Biden’s affordability crisis, Montanans continue to work hard to earn a living, own or rent a home, raise their family, and achieve the American dream,” Gov. Gianforte said. “We’ll continue to advance our pro-jobs, pro-family, pro-business policies to drive our economy forward and help Montanans prosper.”

Since Gov. Gianforte took office in January 2021, nearly 40,000 jobs have been created in Montana. Under his leadership, total employment reached another all-time high in May. 

Total employment and the number of people in the labor force were mostly unchanged in May, leading to no change in the unemployment rate. Payroll employment showed strong gains, adding 3,000 jobs in May, with the Leisure Activities sector, which includes accommodations, food service, and recreation, leading private sector gains.

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May, on a seasonally adjusted basis, for a 12-month change of 3.3%. Energy prices were down over-the-month, led by declines in the gasoline index. These declines were offset by increases in the indices for shelter and food. The index for all items minus food and energy, or core inflation, rose 0.2% in May.

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