Montana March jobless rate falls to 3.8%
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and last updated 2021-04-16 17:00:46-04
HELENA â Montanaâs unemployment rate declined in March to 3.8%, marking the stateâs third consecutive month of lower unemployment rates.
Nationwide, the unemployment rate was 6% in March.
Payroll employment saw growth of 4,000 jobs over the month, according to the Montana Department of Labor and Industry.
The Leisure and Hospitality sector added 1,300 jobs, while the manufacturing, education, and health sectors each added 800 jobs.
Montanaâs total employment, which includes payroll, agricultural, and self-employed workers, grew by 1,210 jobs in March.
The labor force grew by 439 workers in March, signaling a rebound from recent declines.
The U.S. Bureau of Labor Statistics reported prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.7 percent in March. The March increase was most influenced by higher prices for energy, but an advance in the index for all items- less food and energy- was another major contributor.
Over the last 12 months, the CPI-U rose 3.0 percent.
The index for all items- less food and energy- rose 1.8 percent over the year. Energy prices surged 17.5 percent, while food prices advanced 2.9 percent.
The full Midwest region CPI news release for the current month can be found at .
March 2021 CPI: Year-over-Year Inflation Rate Rises To 2 6% econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.
This morning in metals news: Oslo-based Norsk Hydro said it is exploring the potential for developing and operating hydrogen facilities; meanwhile, the Consumer Price Index for All Urban Consumers increased by 0.6% in March; and
En+ Group touted its development of a high-purity aluminum.
Norsk Hydro to look into possibility of developing hydrogen facilities
Norsk Hydro said it is looking into the possibility of developing and operating hydrogen facilities.
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The firm said the facilities would serve both internal demand and the external market.
“We see a substantial potential for industrial hydrogen consumption,” said Hilde Merete Aasheim, president and CEO. “Taking a developer and operator role in the hydrogen sector represents an opportunity for Hydro to reduce industrial CO2 emissions and develop a profitable and sustainable business based on hydrogen.”
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In a 2019 Society of Actuaries survey, pre-retirees and retirees were asked about the issues that worried them most about their money in retirement.
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