By Stan Ozark 
Governor Greg Gianforte Wednesday announced Montana’s unemployment rate rose to 3.3 percent in November, continuing the record of over four consecutive years of unemployment at or below 3.4 percent.
Montana’s unemployment rate was 1.3 percent lower than the national unemployment rate, which was 4.6 percent in November. Montana remained in the top ten states in the nation with the lowest unemployment rates.
Montana’s labor force added approximately 2,200 workers over the last two months ending in November, while total employment (which includes payroll, agricultural, and self-employed workers) increased by nearly 800, generating an increase in the unemployment rate. Payroll jobs grew over the last two months, with gains in administrative services and transportation offsetting declines in government and healthcare employment. October 2025 unemployment data are unavailable due to the 2025 lapse in federal appropriations.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis over the two months from September to November 2025. Over the last twelve months, the all items index increased 2.7 percent before seasonal adjustment. Core inflation, or the index for all items less food and energy, rose 2.6 percent over the last 12-months. The energy index increased 4.2 percent for the 12 months ending November. The food index increased 2.6 percent over the last year.
The unemployment rate in Valley County was 2.9% which is higher than one year ago when it was 2.2%. The labor force in Valley County is 3539 which is down 34 from last year at this time.
Tim Phillips