Unemployment Rate in Iowa City, IA (MSA) was 2.40% in December of 2025, according to the United States Federal Reserve. Historically, Unemployment Rate in Iowa City, IA (MSA) reached a record high of 9.50 in April of 2020 and a record low of 1.60 in October of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for Unemployment Rate in Iowa City, IA (MSA) - last updated from the United States Federal Reserve on April of 2026.