For Immediate Release: April 19, 2024
Media Contact: William.Winkle@labor.idaho.gov or
Salvador.Vazquez@labor.idaho.gov
– State first in nation for over-the-year nonfarm job growth at 3.7% –
Idaho’s seasonally adjusted unemployment rate was 3.3% in March, unchanged since September 2023.
The state’s labor force increased by 2,029 people (0.2%) to 971,488 while the labor force participation rate — the percentage of people 16 years of age or older who are either employed or looking for work — held steady at 62.6% between February and March.
Total employment increased by 2,092 (0.2%) to 939,175 as unemployment decreased by 63 (-0.2%) to 32,313.
Idaho’s nonfarm jobs increased by 3,100 to 866,300 in March. Industry sectors with the greatest over-the-month gains included nondurable goods manufacturing (2.1%); arts, entertainment, and recreation (1.2%); other services (1.1%); finance and insurance (1.0%); state government (0.9%); construction (0.8%); wholesale trade (0.8%); federal government (0.7%); retail trade (0.6%); and durable goods manufacturing (0.5%).
Industries that experienced job declines in March included private educational services
(-1.8%) as well professional and business services (-0.8%).