Unemployment rates in Idaho and southeastern Idaho are far lower than four years ago. In June the unemployment rate in the seven-county region was 4.2 percent. In 2010 the annual unemployment rate stood at 7.4 percent.
Despite the substantial drop, the total number of jobs in the region has yet to recover to prerecession levels. According to estimates from Economic Modeling Systems International, there were 62,373 jobs in southeast Idaho in 2007. In 2013 there were 58,600, a decline of about 6 percent.
Some counties in the region saw increases. Bingham County gained 469 jobs, rising to 15,213 in 2013. Likewise Bear Lake County’s employment grew by 63 jobs from 1,634 jobs to 1,697. Caribou County grew by 99 jobs from 3,215 jobs in 2007 to 3,314. Oneida County posted a modest gain of 13 jobs to 1,118 and Power County also saw a limited increase of 45 jobs to 3,252.
Others did not. In Bannock County – the number of jobs fell by 4,214 from 35,161 jobs in 2007 to 30,947 jobs in 2013, a decline of 12 percent. Franklin County also experienced a 7.5 percent job loss of 248 jobs from 3,308 to 3,060.
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