Tag Archives: unemployment rate

Idaho Unemployment Rate Falls to 8.9 Percent in May

NEWS RELEASE

For Immediate Release: June 19, 2020
Media Contact: Craig Shaul, craig.shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

Note: This release includes revised labor market numbers provided by the Bureau of Labor Statistics. See below.*

Nonfarm jobs recover 3.5 percent

Idaho’s seasonally adjusted unemployment rate fell to 8.9 percent in May, and non-farm payrolls regained 24,300 jobs as the state’s economy began a rebound from the COVID-19 pandemic.

May’s rate dropped from a revised record high of 11.8 percent in April, falling below former peak rates of 10.2 percent in December 1982 and 9.6 percent in June 2009 during the Great Recession.

Total employment increased 23,090 to 804,643, up 3 percent from April, while the number of unemployed Idahoans dropped by 24.2 percent, down 25,276 to 79,015.

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December Unemployment Rate Remains Unchanged at 2.9 Percent

NEWS RELEASE

For Immediate Release: Jan. 24, 2020
Information Contact: Karen Jarboe Singletary (208) 332-3570 ext. 3215 or Craig Shaul (208) 332-3570 ext. 3201

Idaho Falls MSA led the nation in over-the-year job gains

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

An additional 2,329 people made themselves available for work in December, pushing Idaho’s seasonally adjusted labor force up to 889,092. The number of unemployed decreased by 110 to 25,769. Total employment grew by 2,439 to 863,323.

Idaho’s labor force participation rate – the percentage of people age 16 years or older working or looking for work – moved up slightly to 64.2 percent.

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Idaho’s November Unemployment Remains Steady at 2.9 Percent

NEWS RELEASE

For Immediate Release: Dec. 20, 2019
Information Contact: Craig Shaul (208) 332-3570 ext. 3201 or Robert Kabel (208) 332-3570 ext. 3886

State rate remains at or under 3 percent for two full years

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

An additional 2,221 people made themselves available for work in November, pushing Idaho’s seasonally adjusted labor force up to 886,877. The number of unemployed increased by 146 to 25,880. Total employment grew by 2,075 to 860,997.

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.

Over the year, November’s statewide labor force was up 24,330 (2.8 percent), total employment was up 22,174 (2.6 percent) and there were 2,156 more unemployed individuals. Seasonally-adjusted nonfarm jobs were up 2.7 percent from November 2018, a gain of 19,700 jobs. Professional and business services (7.2 percent) and financial activities (4.9 percent) showed the largest percentage gain while natural resources (-2.9 percent) and information (-2.3 percent) showed the largest percentage losses.

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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 July Unemployment Rate up Slightly to 2.9 Percent

NEWS RELEASE

For Immediate Release: Aug. 16, 2019
Information Contact: Robert Kabel (208) 332-3570 ext. 3886 or Darlene Carnopis (208) 332-3570 ext. 3439

Over-The-Year Nonfarm Job Growth Remains Stable

Idaho’s seasonally adjusted unemployment rate edged up from 2.8 in June to 2.9 percent in July, the 20th consecutive month at or below 3 percent.

An additional 2,834 people made themselves available for work in July, pushing Idaho’s seasonally adjusted labor force up to 876,539. The number of unemployed increased by 400 to 25,061. Total employment grew by 2,434 to 851,478.

Idaho’s labor force participation rate – the percentage of people age 16 years or older working or looking for work – remained at 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 April Unemployment Rate Down Slightly to 2.8 Percent

NEWS RELEASE

For Immediate Release: May 17, 2019
Information Contact: Craig Shaul (208) 332-3570 ext. 3201 or Karen Jarboe Singletary (208) 332-3570 ext. 3215

Steady Nonfarm Job Growth Continues

Idaho’s seasonally adjusted unemployment rate dropped slightly to 2.8 percent in April, the 17th consecutive month at or below 3 percent.

An additional 1,768 people made themselves available for work between March and April, pushing Idaho’s seasonally adjusted labor force up to 869,968. The number of unemployed decreased by 234 – down nearly one percent to 24,683. Total employment grew by 2,002 to 845,285.

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

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Idaho’s March Unemployment Rate Unchanged at 2.9 Percent

NEWS RELEASE

For Immediate Release: April 19, 2019
Information Contact: Craig Shaul (208) 332-3570 ext. 3201 or Karen Jarboe Singletary (208) 332-3570 ext. 3215

Third Fastest Rate in the Nation for Over-the-Year Job Growth

Idaho’s seasonally adjusted unemployment rate for March remained steady at 2.9 percent, the 16th consecutive month at or below 3 percent.

An additional 1,737 people entered the labor force from February to March, a slight 0.2 percent increase that pushed Idaho’s seasonally adjusted labor force number up to 868,263. The number of unemployed increased by 141, or 0.6 percent, to 24,918. Total employment increased by 1,596, up 0.2 percent to 843,345.

Idaho’s labor force participation rate – the percentage of people age 16 years or older working or looking for work – increased one tenth of a percent 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 →