Idaho Unemployment Rate Falls to 4.4 Percent in December

NEWS RELEASE

For Immediate Release: Jan. 22 2021
Media Contact: Craig Shaul, craig.shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

December’s total nonfarm jobs exceed pre-pandemic peak for the first time

Idaho’s seasonally adjusted unemployment rate fell to 4.4 percent in December, and nonfarm payrolls regained 4,900 jobs as the state’s economy continues to recover.

December’s unemployment rate is down one-half of a percentage point from November’s revised 4.9 percent and currently stands 7.4 percentage points below April’s historic high of 11.8 percent.

Civilian Labor Force

Idaho’s seasonally adjusted labor force grew by 3,173 in December to 907,552, up 1.4 percent (+12,920) over its pre-pandemic level in March.

The total number of employed people increased by 6,916 to 867,423 in December. This 0.8 percent increase in total employed was the first significant increase since July.

Continue reading →

PDF Report Provides Information on Weekly Unemployment Claims

The Idaho Department of Labor is modifying how it publishes its weekly update of claims for unemployment insurance benefits. A new PDF report will be available that includes initial claims, regular continued claims, as well as expanded CARES act continued claims for 2021. The Unemployment Insurance Claims dashboard, and the downloadable Excel data file will both be updated on the department’s Weekly UI Claims webpage as normal. The department will no longer post the weekly claim numbers on the Idaho@Work blog.

A Closer Look at Idaho’s Financial Activities Sector in the Past Decade

The economic slowdown following the initial COVID-19 pandemic effects drove many industries to lose jobs temporarily – and some permanently – across Idaho and the United States. Idaho had been in the midst of a growth streak pre-pandemic, with a 2.5 percent unemployment rate in March. But shortly after, Idaho’s employment dropped nearly 10 percent from March to April – from roughly 873,000 jobs to 789,000. The impact, however, was not equally damaging across all industries. Some industries such as financial activities and construction have had over-the-year growth at a much higher rate than the nation. Nationally, employment within the financial activities industry declined.

To determine possible reasons for this disparity, the Idaho Department of Labor conducted a shift-share analysis over a 10-year period to isolate the effects of changing employment among financial sectors.

Find the research report on the Department of Labor website.

– Idaho Department of Labor

Around Idaho: Economic Activity in December 2020

Information provided in these news updates is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern Idaho
Eastern Idaho

 

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone Counties

Kootenai County

  • MetalQuest Unlimited, a precision machine manufacturer based in Nebraska, has chosen Post Falls for its new manufacturing facility. The company, which specializes in precision production for clients in oil, agriculture and firearms manufacturing, expects to begin production at its new Post Falls facility by the end of January, with roughly 25 employees at first. Source: Coeur d’Alene Press
  • Health care providers in Kootenai County have received the first batches of COVID-19 vaccine and have begun vaccinating frontline medical staff. Source: Coeur d’Alene Press
  • The JC Penny in the Silver Lake Mall is now slated to close in the spring after being included in the company’s recent list of planned store closures. The store had been an anchor tenant of the Silver Lake Mall and was the last remaining JC Penny in North Idaho following the previous closures of stores in Lewiston and Ponderay. Source: Coeur d’Alene Press
  • The Post Falls City Council approved the purchase of a $415,000 parcel of riverfront property, which was the final privately held plot in the Post Falls Water Treatment Facility’s easement to the Spokane River. The parcel is expected to be acquired in anticipation of a future expansion of the city’s wastewater treatment capacity. Source: Coeur d’Alene Press

OPENINGS

Coeur d’Alene

  • Boho West
  • Daybreak Coffee
  • Sushi I
  • CK Barrel Room
  • 208Nutrition
  • 208Massage
  • Inland Northwest Veterinary Dentistry & Oral Surgery

Hayden

  • American Kickboxing Academy.
  • MiQuelle’s Natural Bath.
  • Mode Salon.

Post Falls

  • Family Dollar.
  • Jitterz Espresso.
  • Hardwick & Sons Hardware.

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

Continue reading →

Idaho’s Unemployment Continued Claims Increase 14 Percent

The number of Idahoans who filed a continued claim for regular state unemployment insurance benefits increased 14 percent for the week ending Jan. 2 to 13,338, up 1,632 over the previous week. The four-week moving average for continued claims increased from 11,028 for the week ending Dec. 26 to 11,725.

Initial claims for unemployment benefits totaled 4,612 for the week ending Jan. 2, up by 386 claims, while the four-week moving average decreased by 3 percent to 4,219.

Continue reading →

Labor Department Partners with ID.me for Claimant Identity Verification

NEWS RELEASE

For Immediate Release: Jan. 7, 2021
Media Contacts: Darlene Carnopis, darlene.carnopis@labor.idaho.gov or Georgia Smith, georgia.smith@labor.idaho.gov

The Idaho Department of Labor has partnered with ID.me for unemployment insurance claimant identity verification.

The information gathered from claimants is needed to make sure others are not filing claims using the person’s name and other personally identifying information. This is one step Labor is taking to help prevent fraud.

Thousands upon thousands of unemployment insurance claims have been filed by scammers using false or stolen identities across the country. It is estimated these scammers have siphoned off $36 billion in fraudulent unemployment payments from states since the start of the pandemic and the implementation of the CARES Act.

Continue reading →

U.S. Department of Labor Recognizes Three Idaho Businesses for Supporting Veterans

NEWS RELEASE

For Immediate Release: Jan. 7, 2021
Media Contacts: Darlene Carnopis, darlene.carnopis@labor.idaho.gov

National Native American Construction Inc. of Coeur d’ Alene, Independence Indoor Shooting of Meridian and Treasure Valley Advanced Concepts LLC of Nampa each received a 2020 HIRE Vets Medallion Program Award. This U.S. Department of Labor program recognizes U.S. employers for recruiting, hiring and retaining America’s veterans.

The awards were presented in November at a virtual ceremony hosted by U.S. Secretary of Labor Eugene Scalia at the Department’s headquarters in Washington, D.C.

Continue reading →

Serve Idaho Announces $1.1 Million in Grant Funds Available

NEWS RELEASE

For Immediate Release: Jan. 4, 2021
Media Contacts: Renee Bade,       Renee.Bade@labor.idaho.gov

Idaho nonprofit, educational, community and faith-based organizations, Indian tribes and local governments are eligible for federal funding through AmeriCorps.

Serve Idaho, the Governor’s Commission on Service and Volunteerism, announced that interested organizations have until Feb. 12 to submit an application for the grants that would support the cost of running an AmeriCorps program. Grant awards vary in size based on the size and complexity of the AmeriCorps programs.

Continue reading →

FAQs for Unemployment Claimants about the CARES Act Extension

Are the unemployment insurance benefits that are funded through the CARES Act extended?

Yes. On Dec. 27, 2020, Pres. Donald Trump signed a stimulus bill that renews unemployment benefit programs through the CARES Act, that was originally set to expire Dec. 26, 2020.

Will I experience a gap in benefits?

If you were receiving benefits through the CARES Act, and they exhausted, your payments may be delayed. We are working as quickly as possible to implement the extension provisions. Please continue to submit your weekly certifications. You will be paid for all eligible week(s) claimed when the program is fully implemented.

I am currently on an extension. Am I eligible for additional weeks?

Yes. Pandemic Emergency Unemployment Compensation (PEUC), is commonly referred to as extended benefits. The bill added 11 weeks, extending the maximum number of benefit weeks from 13 to 24.

Continue reading →

Idaho’s Unemployment Continued Claims Increase 4 Percent

The number of Idahoans who filed a continued claim for regular state unemployment insurance benefits increased 4 percent for the week ending Dec. 26 to 11,706, up 481 over the previous week. The four-week moving average for continued claims increased from 10,412 for the week ending Dec. 19 to 11,028.

Initial claims for unemployment benefits totaled 4,226 for the week ending Dec. 26, up by 270 claims, while the four-week moving average increased by 1 percent to 4,335.

Continue reading →