Idaho’s continued low unemployment rate is one of many aspects of the state’s economy presented to the Idaho Legislature’s Economic Outlook and Revenue Assessment Committee Jan.5, 2023. Labor’s presentation covered the outlook for the state’s labor participation rate, its ongoing need for more workers, expected growth and decline in specific industries, population, housing issues impacting the economy and more.
Find the full presentation on Labor’s website.
NEWS RELEASE
For Immediate Release: Jan. 20, 2023
Media Contact: Craig.Shaul@labor.idaho.gov or John.Panter@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate was 2.9% in December, edging down from 3% in November.
December’s labor force – workers who are employed or unemployed but looking for work – increased by 587 people (0.1%) to 963,957, the smallest increase since the previous December’s decline of 100 (-0.01%).
With the labor force growing at a slower pace than the civilian population, Idaho’s labor force participation decreased by 0.1 percentage points to 62.4%.
NEWS RELEASE
For Immediate Release: Dec. 16, 2022
Media Contact: Craig.Shaul@labor.idaho.gov or John.Panter@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate was 3% in November, edging up from October’s 2.9%.
November’s labor force – which is composed of both employed and unemployed workers — increased by 1,930 people (0.2%) to 963,380. Total employment increased by 1,474 (0.2%) to 934,756. The total number of people unemployed and looking for work increased by 456 (1.6%) to 28,624.
Labor force participation decreased by 0.1 percentage points to 62.5% as the civilian population increased at a faster rate than the labor force.
Idaho’s nonfarm jobs increased by 500 to 827,400 in November. Industry sectors with the greatest over-the-month gains include arts, entertainment and recreation (4.8%); private educational services (1.4%); construction (1.3%); state government (0.9%); and health care and social services (0.7%).
NEWS RELEASE
For Immediate Release: Nov. 18, 2022
Media Contact: Craig.Shaul@labor.idaho.gov or John.Panter@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate edged up from 2.8% in September to 2.9% in October – the ninth consecutive month the state rate has been below 3%.
October’s labor force saw gains in both employed and unemployed workers. The number of Idahoans employed or looking for work grew by 1,714 people (0.2%) to 961,441. Total employment increased by only 455 to 933,268. The total number of unemployed increased by 1,259 (4.7%) to 28,173.
Labor force participation decreased by 0.1 percentage points to 62.6%.
Idaho’s nonfarm jobs increased by 1,200 to 827,900 in October. Industry sectors with the greatest over-the-month gains include accommodation and food services (4.8%); natural resources (2.3%); management of companies & enterprises (1.2%); real estate rental and leasing (1.0%); administration, support and waste management services (0.6%); and arts, entertainment and recreation (0.6%).
NEWS RELEASE
For Immediate Release: Oct. 21, 2022
Media Contact: Salvador.Vazquez@labor.idaho.gov or John.Panter@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate edged up from 2.7% in August to 2.8% in September – the eighth consecutive month the state rate has been below 3%.
September’s labor force saw gains in both employed and unemployed workers. The number of Idahoans employed or looking for work grew by 2,938 people (0.3%) to 959,734. Total employment grew by 1,714 (0.2%) to 932,813. The total number of unemployed increased by 1,224 (4.8%) to 26,921. Labor force participation remained at 62.7%.
Idaho’s nonfarm jobs exceeded seasonal expectations in September, showing an adjusted increase of 3,000 jobs to 828,400. Industry sectors with the greatest over-the-month gains include information (4.9%); arts, entertainment and recreation (4.5%); private educational services (2.8%); other services (2%); nondurable goods manufacturing (1.9%); real estate and rental and leasing (1.0%); construction (0.8%); local government (0.8%); healthcare and social services (0.7%); transportation, warehousing and utilities (0.6%); and durable goods manufacturing (0.5%).
NEWS RELEASE
For Immediate Release: Sept. 16, 2022
Media Contact: Craig.Shaul@labor.idaho.gov or Karen.JarboeSingletary@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate was 2.7% in August, up 0.1 percentage points from July – the seventh consecutive month Idaho has been below 3%.
August’s labor force growth saw increases in both employed and unemployed persons. The number of Idahoans employed or looking for work grew by 4,384 people (0.5%) to 956,785. Total employment grew by 3,103 (0.3%) to 931,077 while total unemployment increased by 1,281 (5.2%) to 25,708.
Labor force participation increased by 0.1 percentage points between July and August to 62.7%. Idaho’s peak participation rate reached 71.4% in September 1998.
Idaho’s nonfarm jobs met seasonal expectations in August, showing an adjusted increase of only 200 jobs to 822,600. Industry sectors with the greatest over-the-month gains include transportation, warehousing and utilities (0.9%); arts, entertainment and recreation (0.6%); and construction (0.5%). Continue reading
NEWS RELEASE
For Immediate Release: Aug. 19, 2022
Media Contact: Craig.Shaul@labor.idaho.gov or Karen.JarboeSingletary@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate was 2.6% in July, up 0.1 percentage points from June.
The number of Idahoans employed or looking for work grew by 3,938 people (0.4%) to 952,500. Labor force participation increased by 0.1 percentage points between June and July to 62.6%. Idaho’s peak participation rate reached 71.4% in September 1998.
July’s labor force growth was caused by increases in both employed and unemployed persons. Total employment grew by 3,364 (0.4%) to 927,974 while total unemployment increased by 574 (2.4%) to 24,526.
According to Help Wanted Online, there were 63,010 online job postings in Idaho during July, equating to 2.6 job openings for every unemployed Idahoan looking for work.
NEWS RELEASE
For Immediate Release: July 22, 2022
Media Contact: Craig.Shaul@labor.idaho.gov or Karen.JarboeSingletary@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate was 2.5% in June, unchanged from May and remaining at a historic low.
The number of Idahoans employed or looking for work grew by 5,190 people (0.6%) to 948,576. Labor force participation increased by 0.1 percentage points between May and June to 62.5%. Idaho’s peak participation rate reached 71.4% in September 1998.
June’s labor force growth was caused by increases in both employed and unemployed persons. Total employment grew by 4,807 (0.5%) to 924,605 while total unemployment increased by 383 (1.6%) to 23,971.
NEWS RELEASE
For Immediate Release: June 17, 2022
Media Contacts: Karen.JarboeSingletary@labor.idaho.gov or Salvador.Vazquez@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate was 2.5% in May, down from April’s rate of 2.6%. May’s rate marks the fourth consecutive month of historic lows since record keeping began in 1976.
The number of Idahoans employed or looking for work grew by 6,373 people (0.7%) to 943,390. Labor force participation increased by 0.3 percentage points between April and May to 62.4%. Idaho’s peak participation rate reached 71.4% in September 1998.
Total employment grew from April by 6,823 (0.7%) to 919,785 while total unemployment dropped by 450 (-1.9%) to 23,605.
According to Help Wanted Online, there were 63,998 online job postings in Idaho during May, or 2.7 job openings for every unemployed Idahoan looking for work.
NEWS RELEASE
For Immediate Release: May 20, 2022
Media Contact: Karen.JarboeSingletary@labor.idaho.gov or Salvador.Vazquez@labor.idaho.gov
Idaho’s seasonally adjusted unemployment rate was 2.6% in April, down from March’s rate of 2.7%. April’s rate marks the third consecutive month of historic lows since record keeping began in 1976.
The number of Idahoans employed or looking for work grew by 4,770 people (0.5%) to 937,023. Labor force participation increased by 0.1 percentage points between March and April to 62.1%. Idaho’s peak participation rate reached 71.4% in September 1998.
Total employment grew from March by 5,409 (0.6%) to 912,953 while total unemployment dropped by 639 (-2.6%) to 24,070.
According to Help Wanted Online, there were 49,443 online job postings in Idaho during April, or 2.1 job openings for every unemployed Idahoan looking for work.