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Montana's unemployment rate dropped by 0.5 percentage points in November, bringing the rate down to 7.1 percent.
This was the third month in a row that Montana's rate went down.
The statewide drop was reflected in the figures along the Hi-Line. For the third month in a row, the jobless rate declined in three of four counties in the region and stayed stable in the fourth. The U. S. unemployment rate also experienced a large decrease, dropping 0.4 percent to 8.6 percent in November.
"Montana's economy continues to recover, and the pace of job growth is improving. It is nice to share positive economic news during the holiday season, " said state Labor Commissioner Keith Kelly.
The drop in Montana's unemployment rate is primarily due to an increase of about 1,730 jobs over the last month. The number of unemployed fell 2,230 over the last month, Kelly said. Total employment estimates have posted job growth throughout 2011, with the exception of the third quarter.
Payroll employment estimates, however, indicate a drop of 2,600 jobs over the month, with employment losses concentrated in government, construction, arts, entertainment and recreation.
Contradictory results from the two employment estimates are not unusual because of a small sample size, Kelly said. Estimates are regularly revised in the following month when additional employment information becomes available. Both the total and payroll employment estimates have indicated job growth over the past year.
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