For Immediate Release: March 24, 2023
Media Contact: Craig.Shaul@labor.idaho.gov or John.Panter@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate was 2.6% in February, edging down from January’s revised rate of 2.7%.
January’s labor force – workers who are employed or unemployed but looking for work – increased by 1,681 people (0.2%) to 958,117.
Idaho’s labor force participation was unchanged between January and February, remaining at 62.6%.
Total employment increased by 2,237 (0.2%) to 932,972 as unemployment decreased by 556 (-2.2%) to 25,145.
Idaho’s nonfarm jobs increased by 1,100 to 845,100 in February. Industry sectors with the greatest over-the-month gains include state government (4.7%), wholesale trade (2.2%), federal government (1.5%), information (1.1%), other services (1.1%), private education services (0.6%), and health care and social services (0.5%). Continue reading