Tag Archives: unemployment rate

Idaho’s March Unemployment Rate Down to 3.2%

NEWS RELEASE

For Immediate Release: April 16, 2021
Media Contacts: Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov or Salvador Vazquez, salvador.vazquez@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 3.2% in March, dropping slightly from a revised 3.3% in February.

With an over-the-month increase of 1,100 jobs, the state’s nonfarm payroll growth has leveled off over the past two months.

Civilian Labor Force

Idaho’s seasonally adjusted labor force was virtually unchanged in March at 899,375, down from 899,915 in February.

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Idaho’s February Unemployment Rate Down to 3.3%

NEWS RELEASE

For Immediate Release: March 26, 2021
Media Contacts: Craig Shaul, craig.shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

 Year-to-year nonfarm employment growth of 1% leads nation

February’s seasonally adjusted unemployment rate was 3.3%, down slightly from a revised 3.5% in January.

Idaho’s nonfarm payrolls edged upward by 1,200, leveling off after January’s gain of 4,500.

Civilian Labor Force

Idaho’s seasonally adjusted labor force remained virtually unchanged in February at 899,796, down from 900,205 in January.

The total number of working Idahoans increased by 912 in February to 870,056.

The number of unemployed Idahoans dropped 4.5% to 29,740.

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Idaho’s January Unemployment Rate Down to 3.4%

NEWS RELEASE

For Immediate Release: March 15, 2021
Media Contacts: Craig Shaul, craig.shaul@labor.idaho.gov, or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

Total nonfarm jobs up 1.1% over last year 

Idaho’s seasonally adjusted unemployment rate was 3.4% in January, down slightly from a revised 3.8% rate for December, and well below April 2020’s revised historic high of 11.6%.

Revisions made to Idaho’s 2020 unemployment rate are the result of an annual benchmarking process conducted each year by the Bureau of Labor Statistics.

Civilian Labor Force

Idaho’s seasonally adjusted labor force went virtually unchanged in January at 900,205, up 1.1% (+10,015) over its revised pre-pandemic level in March of 2020.

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Idaho Unemployment Rate Falls to 4.4 Percent in December

NEWS RELEASE

For Immediate Release: Jan. 22 2021
Media Contact: Craig Shaul, craig.shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

December’s total nonfarm jobs exceed pre-pandemic peak for the first time

Idaho’s seasonally adjusted unemployment rate fell to 4.4 percent in December, and nonfarm payrolls regained 4,900 jobs as the state’s economy continues to recover.

December’s unemployment rate is down one-half of a percentage point from November’s revised 4.9 percent and currently stands 7.4 percentage points below April’s historic high of 11.8 percent.

Civilian Labor Force

Idaho’s seasonally adjusted labor force grew by 3,173 in December to 907,552, up 1.4 percent (+12,920) over its pre-pandemic level in March.

The total number of employed people increased by 6,916 to 867,423 in December. This 0.8 percent increase in total employed was the first significant increase since July.

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Idaho Unemployment Rate Falls to 4.8 Percent in November

NEWS RELEASE

For Immediate Release: Dec.18 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

State nonfarm jobs see first year-over-year increase since pandemic

Idaho’s seasonally adjusted unemployment rate fell to 4.8 percent and nonfarm payrolls regained 6,200 jobs in November as the state’s economy continued to recover.

The unemployment rate dropped seven-tenths of a percentage point in November from October’s 5.5 percent. The current rate is 7 percentage points below April’s historic high of 11.8 percent.

Labor Force

The number of unemployed Idahoans fell by 6,605 to 43,814 (-13.1 percent). As a result, Idaho’s seasonally adjusted labor force decreased by 6,765 to 906,033, but still remains 11,400 higher than its pre-pandemic level in March. The total number of employed went essentially unchanged from October, dropping by 160 to 862,219.

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Idaho’s Economy Leads Recovery from Coronavirus

As of October, Idaho has recovered faster than most other states from the sudden, enormous economic losses caused by the coronavirus shutdowns in March and April. Idaho’s long-term population and economic growth gives it strong upward economic momentum. In addition, the shutdowns in the state at that time did not as severely restrict economic activity as it did in many other states.

Despite Idaho’s relative success, it’s not back to normal, and 26,400 more Idahoans were unemployed in October than in February, according to seasonally adjusted labor force statistics from the Idaho Department of Labor. In the uncertain atmosphere caused by COVID-19 and a global economic slowdown, it’s likely that restoring all the jobs lost during the pandemic will take several months. Continue reading →

Idaho Unemployment Rate Falls to 5.5 Percent in October

NEWS RELEASE

For Immediate Release: Nov. 20, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

State regains 5,400 nonfarm jobs

Idaho’s seasonally adjusted unemployment rate fell to 5.5 percent and nonfarm payrolls regained 5,400 jobs in October as the state’s economy continued to recover.

The unemployment rate dropped six-tenths of a percentage point in October after increasing by almost 2 points in September to 6.1 percent. October’s rate was 6.3 percentage points below April’s historic high of 11.8 percent.

The number of unemployed Idahoans fell by 5,866 to 50,278 as total employment recovered by 1,021 to 863,917, up one-tenth of a percent from September.

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Idaho’s September Labor Force Reaches Record High

NEWS RELEASE

For Immediate Release: Oct. 16, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

Record growth in the state’s seasonally adjusted labor force increased September’s unemployment rate to 6.1 percent, up from 4.2 percent in August. The labor force is up by 22,129 (+2.5 percent) to 918,644. As a result, the number of unemployed increased by 18,806, even as total employment continued to grow by 3,323 (+0.4 percent).

The record gains also pushed the state’s labor force participation rate – the percentage of people 16 years and older with jobs or looking for work – up from 63.7 percent in August to 65.1 percent in September. The last time Idaho’s participation rate was at or above 65.1 percent was in August 2010 – just over 10 years ago.

Total nonfarm jobs dropped by 1,000 (-0.1 percent) to 758,600 for September. A substantial gain of 1,800 jobs in leisure and hospitality (+2.3 percent), combined with modest increases in financial activities, natural resources, and trade, transportation and utilities, were not enough to compensate for job declines in other industries, including a loss of 2,200 jobs in government (-1.7 percent).

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Idaho Unemployment Rate Falls to 4.2 Percent in August

NEWS RELEASE

For Immediate Release: Sept. 18, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

– State recovers 7,000 nonfarm Jobs –

Idaho regained 7,000 nonfarm jobs in August and the state’s seasonally adjusted unemployment rate fell from a revised rate of 5.1 percent in July to 4.2 percent – the third lowest rate in the nation.

Last month’s job gains left the state with an over-the-year decrease of 0.7 percent, making Idaho the least affected state in the nation for August job losses due to the economic disruption caused by COVID-19. Utah was second with a 1.8 percent decrease.

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Idaho Unemployment Falls to 5 Percent in July

NEWS RELEASE

For Immediate Release: Aug. 21, 2020
Media Contact: Craig Shaul, craig.shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

Nonfarm Jobs Recover 1.9 Percent

Idaho’s nonfarm payrolls regained 14,000 jobs, and the state’s seasonally adjusted unemployment rate fell to 5 percent as the state’s economy continued to reopen.

July’s unemployment rate dropped 0.8 percentage points from a revised rate of 5.8 percent in June and down from April’s historic high of 11.8 percent. Previous peak unemployment rates include 10.2 percent for December 1982 and 9.6 percent for June 2016 – the Great Recession peak.

The number of unemployed Idahoans fell by 6,917 to 44,722 as total employment recovered by 12,843 to 856,251, up 1.5 percent from June.

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