Tag Archives: nonfarm jobs

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