For Immediate Release: March 11, 2019
Information Contact: Craig Shaul, (208) 332-3570 ext. 3201 or Karen Jarboe Singletary (208) 332-3570 ext. 3215
Third Fastest in the Nation for Over-the-Month Job Growth
Idaho’s seasonally adjusted unemployment rate for January was 2.8 percent – the third consecutive month at this rate and the 14th consecutive month at or below 3 percent following the benchmarking of 2018 estimates.
The slight increase of Idaho’s seasonally adjusted over-the-month nonfarm payroll jobs was the third fastest in the nation – increasing by 4,500 in January to 746,800.
The biggest month-to-month industry job gains, all at or above 1 percent, were in construction, manufacturing, other services, financial activities, education and health services, and leisure and hospitality. Information and government were the only two sectors that experienced job declines.
Among Idaho’s Metropolitan Statistical Areas (MSAs), month over month, the Coeur d’Alene MSA was the fastest growing at 1.4 percent growth or 900 jobs.
An additional 2,052 people entered the workforce from December to January, pushing Idaho’s seasonally adjusted labor force number up to 864,446. Total employment increased by 1,438 to 840,074, and the number of unemployed increased by 614 to 24,372. Continue reading