Idaho’s seasonally adjusted unemployment rate was 2.5% in May, down from April’s rate of 2.6%. May’s rate marks the fourth consecutive month of historic lows since record keeping began in 1976.
The number of Idahoans employed or looking for work grew by 6,373 people (0.7%) to 943,390. Labor force participation increased by 0.3 percentage points between April and May to 62.4%. Idaho’s peak participation rate reached 71.4% in September 1998.
Total employment grew from April by 6,823 (0.7%) to 919,785 while total unemployment dropped by 450 (-1.9%) to 23,605.
According to Help Wanted Online, there were 63,998 online job postings in Idaho during May, or 2.7 job openings for every unemployed Idahoan looking for work.