According to the Montana Department of Labor and Industry the unemployment rate in Montana was 3.8% as of March 2019. This rate is lower than the national unemployment rate of 4.0% for the same time period.
There are several factors that can contribute to Montana’s lower unemployment rate. One is the state’s diverse economy. Montana’s major industries include agriculture forestry mining and tourism. This diversity helps to insulate the state from economic downturns in any one sector.
Another factor is the state’s low population density. With only six people per square mile Montana has one of the lowest population densities in the US. This means that there are fewer people competing for jobs which can help to keep unemployment low.
Finally Montana has a relatively high number of jobs in industries that are not being automated. For example jobs in agriculture and forestry are less likely to be replaced by machines than jobs in manufacturing or office work. This means that Montana is less likely to be impacted by automation-related unemployment in the future.
Overall the unemployment rate in Montana is lower than the national average. This is due to the state’s diverse economy low population density and high number of jobs in industries that are not being automated.
What is the unemployment rate in Montana?
3.
8%
What is the unemployment rate for people ages 20-24 in Montana?
8.
6%
What is the unemployment rate for people with a high school diploma in Montana?
4.
4%
What is the unemployment rate for people with some college in Montana?
2.
9%
What is the unemployment rate for people with a bachelor’s degree in Montana?
2.
5%
What is the unemployment rate for people with an advanced degree in Montana?
1.
8%
What is the unemployment rate for people who are white in Montana?
3.
6%
What is the unemployment rate for people who are black in Montana?
5.
8%
What is the unemployment rate for people who are Hispanic in Montana?
8.
7%
What is the unemployment rate for people who are Asian in Montana?
2.
4%
What is the unemployment rate for people who are Native American in Montana?
8.
0%
What is the unemployment rate for people who are male in Montana?
3.
7%
What is the unemployment rate for people who are female in Montana?
3.
8%
What is the unemployment rate for people who are veterans in Montana?
3.
1%
What is the unemployment rate for people who are not veterans in Montana?
3.
9%
