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    How unemployment in Powell County compares to the rest of the state

    By Stacker,

    2024-04-26

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    Here's how unemployment in Powell County, Montana compares

    Powell County's unemployment rate in December was 3.4%—ranked #37 highest out of 56 in the state.

    Nationally, unemployment has leveled with pre-COVID rates , measuring between 3.5% and 4% for most of the past two years. Bureau of Labor Statistics data showed a 3.7% unemployment rate in January. Previously, unemployment skyrocketed to 14.7% at the height of the COVID-19 pandemic in April 2020, and those rates remained elevated through late 2021.

    Though national unemployment has mostly normalized, local economies vary widely. Stacker used Bureau of Labor Statistics data to analyze unemployment in Powell County over time, and how it stacks up within Montana and across the nation.

    The unemployment rate in Powell County is 0.3 percentage points below the national level, and 0.2 percentage points above the state level. It ranks #37 among counties in Montana —ranked first by the preliminary December 2023 unemployment rate, then breaking ties by the number of unemployed people. It trails behind Richland County, which also has an unemployment rate of 3.4%, but surpasses Meagher County (3.3%).

    In real terms, it means an estimated 107 of Powell County's approximately 3,103 working residents are out of a job at the moment. That's 16 more than last month and 31 more than a year ago. Some economists fret another recession may be on the horizon, which would drive unemployment up with business closures and layoffs.

    This story was produced using automation across 3,100 counties, boroughs, and parishes, based on writing and data reporting by Paxtyn Merten.

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