Tag Archives: unemployment rate release

Idaho’s January Unemployment Rate Down Slightly to 2.8 Percent

NEWS RELEASE

For Immediate Release: March 16, 2020
Information Contact: Craig Shaul, (208) 332-3570 ext. 3201 or Karen Jarboe Singletary (208) 332-3570 ext. 3215

Second Fastest in the Nation for Over-the-Year Job Growth

Idaho’s seasonally adjusted unemployment rate for January was 2.8 percent – down slightly from December and the 26th consecutive month at or below 3 percent following the benchmarking of 2019 estimates.

An additional 1,539 people made themselves available for work in January, pushing Idaho’s seasonally adjusted labor force up to 890,197. The number of unemployed decreased by 638 to 24,751. Total employment grew by 2,177 to 865,446.

January’s labor force participation rate – the percentage of people 16 years and older with jobs or looking for work – remained unchanged from December at 64.2 percent.

Over the year, January’s statewide labor force was up 19,580 (2.2 percent), employment was up 20,412 (2.4 percent) and there were 832 (3.3 percent) fewer unemployed persons. Seasonally-adjusted nonfarm jobs were up 2.5 percent from January 2019, the second highest growth in the nation representing a gain of 18,700 jobs. Other services (+5.7 percent), professional and business services (+4.5 percent) and construction (+4.4 percent) showed the largest percentage gains while manufacturing was the only industry experiencing an over-the-year decrease, totalling 1,200 jobs.

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Idaho’s June Unemployment Rate Unchanged at 2.9 Percent

NEWS RELEASE

For Immediate Release: July 20, 2018
Information Contact: Karen Jarboe Singletary (208) 332-3570 ext. 3215 or Robert Kabel (208) 332-3570 ext. 3886

— Sixth Month in Top Two Over-the-Year Job Growth in the Nation —

Idaho’s seasonally adjusted unemployment rate remained at 2.9 percent in June, continuing at or below 3 percent for the 10th consecutive month.

The state’s labor force – the total number of people 16 years of age and older working or looking for work – continued to increase, gaining 971 people from May to June for a total of 851,599.

Total employment increased by 1,032 to 827,084, keeping pace with the state’s labor force growth, while the number of unemployed remained virtually unchanged at 24,515. Continue reading →

August Unemployment Rate Holds Steady at 3.8%

Idaho ‘s Over-the-Year Job Growth is Nation’s Fastest

Idaho’s seasonally adjusted unemployment rate was 3.8 percent in August. Nationally unemployment held steady at 4.9 percent.

For the sixth time this year, Idaho was No. 1 in the nation for over-the-year job growth in August. An additional 22,000 jobs – a 3.3 percent increase – was driven by across-the-board gains in all industries. Construction grew the fastest with a 9.2 percent increase followed by growth in financial activities, other services and information.

Month-to-month, growth in the state’s seasonally adjusted nonfarm payrolls remained steady between July and August, adding only 100 jobs.

For more information, read the full news release.