Iowa's unemployment rate increased slightly in July, while the national rate remained unchanged.
The seasonally adjusted unemployment rate was 2.5 percent in Iowa last month, up from 2.4 percent in June, according to Iowa Workforce Development.
Despite the uptick, Iowa's unemployment rate remained lower than the nationwide rate of 3.7 percent, the same as in June.
IWD Director Beth Townsend said in a news release that the number of working Iowans increased to 1.68 million in July, up 4,000 from June and 35,500 from a year ago.
"We continue to have more job openings than we have Iowans to fill them,” Townsend said. “We have recently seen hundreds of Future Ready Iowa Last-Dollar Scholarships awarded by our community colleges, which is a good indication that there are many Iowans who want to get upskilled to take advantage of all of the good jobs available in Iowa."
The number of unemployed residents grew by about 1,400, according to the IWD, which said there were 42,800 residents without jobs in July as opposed to 41,400 in June.
In terms of seasonally adjusted nonfarm employment, the IWD reported that professional and business services added the most jobs last month, and the private secot has increased jobs by nearly 10,000 in the past year.
According to KIWA Radio, the financial activities sector saw a loss of 1,800 jobs and has seen losses throughout this year.
Compared to the rest of the U.S., the state’s unemployment rate ranked as the third lowest, similar to New Hampshire’s. Vermont and North Dakota have the two lowest rates.