DES MOINES, IOWA (August 17, 2023) — Iowa’s seasonally-adjusted unemployment rate held steady at 2.7 percent in July but remains down from 2.8 percent one year ago. The state’s labor force added 2,700 new workers in July, increasing Iowa’s labor-force participation rate to 68.8 percent. That is up from 68.2 percent a year ago and equals the participation rate in March 2020.
Meanwhile, the US unemployment rate decreased to 3.5 percent in July from 3.6 percent the month before.