For Immediate Release: March 13, 2023
Media Contact: Craig.Shaul@labor.idaho.gov or John.Panter@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate was 2.7% in January, edging down from the revised 2.8% rate in December.
December 2022’s unemployment rate was revised down from 2.9% due to the Bureau of Labor Statistics’ annual benchmarking process. This realignment of labor market variables is not an indicator of any changes in the state’s economy. (More information about the benchmarking process can be found below.)
January’s labor force – workers who are employed or unemployed but looking for work – increased by 1,593 people (0.2%) to 956,389.