Tag Archives: nonfarm jobs

Idaho’s January Unemployment Rate Down to 3.4%

NEWS RELEASE

For Immediate Release: March 15, 2021
Media Contacts: Craig Shaul, craig.shaul@labor.idaho.gov, or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

Total nonfarm jobs up 1.1% over last year 

Idaho’s seasonally adjusted unemployment rate was 3.4% in January, down slightly from a revised 3.8% rate for December, and well below April 2020’s revised historic high of 11.6%.

Revisions made to Idaho’s 2020 unemployment rate are the result of an annual benchmarking process conducted each year by the Bureau of Labor Statistics.

Civilian Labor Force

Idaho’s seasonally adjusted labor force went virtually unchanged in January at 900,205, up 1.1% (+10,015) over its revised pre-pandemic level in March of 2020.

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Idaho’s Economy Leads Recovery from Coronavirus

As of October, Idaho has recovered faster than most other states from the sudden, enormous economic losses caused by the coronavirus shutdowns in March and April. Idaho’s long-term population and economic growth gives it strong upward economic momentum. In addition, the shutdowns in the state at that time did not as severely restrict economic activity as it did in many other states.

Despite Idaho’s relative success, it’s not back to normal, and 26,400 more Idahoans were unemployed in October than in February, according to seasonally adjusted labor force statistics from the Idaho Department of Labor. In the uncertain atmosphere caused by COVID-19 and a global economic slowdown, it’s likely that restoring all the jobs lost during the pandemic will take several months. Continue reading →

Idaho Unemployment Rate Falls to 5.5 Percent in October

NEWS RELEASE

For Immediate Release: Nov. 20, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

State regains 5,400 nonfarm jobs

Idaho’s seasonally adjusted unemployment rate fell to 5.5 percent and nonfarm payrolls regained 5,400 jobs in October as the state’s economy continued to recover.

The unemployment rate dropped six-tenths of a percentage point in October after increasing by almost 2 points in September to 6.1 percent. October’s rate was 6.3 percentage points below April’s historic high of 11.8 percent.

The number of unemployed Idahoans fell by 5,866 to 50,278 as total employment recovered by 1,021 to 863,917, up one-tenth of a percent from September.

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Idaho Unemployment Falls to 5.6 Percent in June

NEWS RELEASE

For Immediate Release: July 17, 2020
Media Contact: Craig Shaul, craig.shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

Nonfarm Jobs Recover 3.5 Percent

Idaho’s nonfarm payrolls regained 24,800 jobs and the state’s seasonally adjusted unemployment rate fell to 5.6 percent as the state’s economy continued to reopen.

June’s unemployment rate dropped 3.4 percentage points from a revised rate of 9 percent in May and down from April’s historic high of 11.8 percent. Previous peak unemployment rates include 10.2 percent for December of 1982 and 9.6 percent for June of 2016 – the Great Recession peak.

The number of unemployed Idahoans fell by 28,961 to 50,267 as total employment recovered by 38,885 to 841,898, up 4.8 percent from May.

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Idaho’s October Unemployment Rate Unchanged at 2.9 Percent

NEWS RELEASE

For Immediate Release: Nov. 15, 2019
Information Contact: Karen Jarboe Singletary (208) 332-3570 ext. 3215 or Darlene Carnopis (208) 332-3570 ext. 3439

— 23 Months at or Under 3 Percent —

Idaho’s seasonally adjusted unemployment rate remained at 2.9 percent in October for the fourth consecutive month.

An additional 2,438 people made themselves available for work in October, pushing Idaho’s seasonally adjusted labor force up to 884,545. The number of unemployed increased by 112 to 25,736. Total employment grew by 2,326 to 858,809.

Idaho’s labor force participation rate – the percentage of people age 16 years or older working or looking for work – remained unchanged at 64.1 percent.

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Idaho’s August Unemployment Rate Unchanged at 2.9 Percent

NEWS RELEASE

For Immediate Release: Sept. 20, 2019
Information Contact: Craig Shaul (208) 332-3570 ext. 3201 or Karen Jarboe Singletary (208) 332-3570 ext. 3215

Over-The-Year Nonfarm Job Growth Remains Strong

Idaho’s seasonally adjusted unemployment rate remained at 2.9 percent in August, the 21st consecutive month at or below 3 percent.

An additional 2,815 people made themselves available for work in August, pushing Idaho’s seasonally adjusted labor force up to 879,220. The number of unemployed increased by 433 to 25,492. Total employment grew by 2,382 to 853,728.

Idaho’s labor force participation rate – the percentage of people age 16 years or older working or looking for work – was 64 percent.

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Idaho’s June Unemployment Rate Unchanged at 2.8 Percent

NEWS RELEASE

For Immediate Release: July 19, 2019
Information Contact: Karen Jarboe Singletary (208) 332-3570 ext. 3215 or Robert Kabel (208) 332-3570 ext. 3886

Over-The-Year Nonfarm Job Growth Remains Stable

Idaho’s seasonally adjusted unemployment rate remained steady at 2.8 percent in June, the 19th consecutive month at or below 3 percent.

An additional 2,107 people made themselves available for work between May and June, pushing Idaho’s seasonally adjusted labor force up to 873,645. The number of unemployed increased by 71 to 24,662. Total employment grew by 2,036 to 848,983.

Idaho’s labor force participation rate – the percentage of people age 16 years or older working or looking for work – increased slightly to 63.9 percent.

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Idaho’s February Unemployment Rate Up Slightly to 2.9 Percent

NEWS  RELEASE

For Immediate Release:March 22, 2019

Information Contact: Craig Shaul (208) 332-3570 ext. 3201 or Karen Jarboe Singletary (208) 332-3570 ext. 3215

Fastest in the Nation for Over-the-Month Job Growth

Idaho’s seasonally adjusted unemployment rate for February increased slightly from January to 2.9 percent, the 15th consecutive month at or below 3 percent.

Idaho nonfarm jobs increased by 3,600 (up 0.5 percent) for a monthly total of  750,600. February’s increase was the fastest job growth rate in the nation and the second-largest statistically significant job increase added by any state.

The largest month-to-month industry job gains were in professional and business services (+2.3 percent), manufacturing (+1.3 percent) and education and health services (+0.7 percent). Construction, information and leisure and hospitality were the only three sectors that experienced job declines, shedding a total of 1,400 jobs. Continue reading →

Idaho’s January Unemployment Rate Steady at 2.8 Percent

News Release

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 →

Idaho Releases 2016 Monthly Employment Data Calendar

It’s a new year, which means that it’s time to benchmark Idaho’s 2015 nonfarm jobs and unemployment estimates.

The annual benchmarking process takes place during January and February. Due to benchmarking, the monthly Idaho preliminary nonfarm and unemployment situation release, which normally occurs on the third Thursday of each month, is released on a different schedule for the first two months of the year. Continue reading →