NEWS RELEASE

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%).

Continue reading →

NEWS RELEASE

For Immediate Release: March 22, 2024
Media Contact: Craig.Shaul@labor.idaho.gov
or John.Panter@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 3.3% in February, unchanged from January.

The state’s labor force increased by 1,581 people (0.2%) to 969,471.

Idaho’s labor force participation rate — the percentage of people 16 years of age or older who are either employed or looking for work — remained at 62.6% between January and February.

Total employment increased by 1,446 (0.2%) to 937,072 as unemployment increased by 135 (0.4%) to 32,399.

Idaho’s nonfarm jobs increased by 4,000 to 862,100 in February. Industry sectors with the greatest over-the-month gains included durable goods manufacturing (2.8%); natural resources (2.3%); transportation, warehousing, and utilities (1.8%); nondurable goods manufacturing (1.5%); wholesale trade (1.4%); private educational services (1.2%); federal government (0.7%); and arts, entertainment, and recreation (0.6%).

Continue reading →

NEWS RELEASE

For Immediate Release: March 11, 2024
Media Contact: Craig.Shaul@labor.idaho.gov
or John.Panter@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was unchanged between December and January, remaining at 3.3%.

December 2023’s unemployment rate also remained the same at 3.3% after the Bureau of Labor Statistics’ annual benchmarking process. (More information about the benchmarking process can be found below.)

January’s labor force increased by 546 people (0.1%) to 967,862.

Idaho’s labor force participation rate – the percentage of people 16 years of age or older who are either employed or looking for work – decreased from December’s 62.7% to 62.6% in January.

Total employment negligibly increased by 362 (0.0%) to 935,588 as unemployment increased by 184 (0.6%) to 32,274.

Continue reading →

NEWS RELEASE

For Immediate Release: Jan. 19, 2024
Media Contact: Craig.Shaul@labor.idaho.gov
or John.Panter@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was unchanged between November and December, remaining at 3.3%.

The state’s labor force increased by 1,616 people (0.2%) to 975,560.

Idaho’s labor force participation rate – the percentage of people 16 years of age or older who are either employed or looking for work – decreased from November’s 62.5% to 62.4% in December.

Total employment increased by 1,178 (0.1%) to 942,919 as unemployment increased by 438 (1.4%) to 32,641.

Continue reading →

-State second in nation for nonfarm job growth at 3.1%-

Idaho’s seasonally adjusted unemployment rate increased to 3.3% in November from 3.2% in October.

The state’s labor force increased by 2,771 people (0.3%) to 973,924.

Idaho’s labor force participation rate – the percentage of people 16 years of age or older who are either employed or looking for work – increased from October’s 62.4% to 62.5% in November.

Total employment increased by 2,017 (0.2%) to 941,711 as unemployment increased by 754 (2.4%) to 32,213.

Continue reading →

NEWS RELEASE

For Immediate Release: Nov. 17, 2023
Media Contact: Craig.Shaul@labor.idaho.gov or John.Panter@labor.idaho.gov

– State leads the nation in over-the-year nonfarm job growth at 3.5% –

Idaho’s seasonally adjusted unemployment rate increased to 3.2% in October from 3.1% in September.

The state’s labor force increased by 1,900 people (0.2%) to 971,208.

Idaho’s labor force participation rate – the percentage of people 16 years of age or older who are either employed or looking for work – remained at 62.4% in October.

Total employment increased by 693 (0.1%) to 939,743 as unemployment increased by 1,207 (4.6%) to 31,465 – the highest number of unemployed in Idaho since June 2021.

Continue reading →

NEWS RELEASE

For Immediate Release: Oct. 20, 2023
Media Contact: Craig.Shaul@labor.idaho.gov
or John.Panter@labor.idaho.gov

Idaho third in the nation for over-the-year nonfarm job growth

Idaho’s seasonally adjusted unemployment rate increased in September, rising by one-tenth of a percent to 3.1% from 3% in August.

September’s labor force increased by 2,171 people (0.2%) to 969,376.

Idaho’s labor force participation rate — the percentage of people 16 years of age or older who are employed or looking for work if unemployed — remained at 62.4% in September.

Total employment increased by 852 (0.1%) to 939,110 as unemployment increased by 1,319 (4.6%) to 30,266 — the highest number of unemployed in Idaho since June 2021.

Continue reading →

NEWS RELEASE

For Immediate Release: Sept. 15, 2023
Media Contact: Craig.Shaul@labor.idaho.gov or
John.Panter@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate increased in August, rising by two-tenths of a percent from 2.8% in July to 3%. This is the first time the state’s unemployment rate has been at or above 3% since November 2021.

August’s labor force increased by 1,874 people (0.2%) to 967,145.

Idaho’s labor force participation rate – the percentage of people 16 years of age or older who are employed or looking for work if unemployed – remained at 62.4% in August.

Total employment was effectively unchanged with an increase of 121 to 938,190 while unemployment increased by 1,753 (6.4%) to 28,955.

Continue reading →

NEWS RELEASE

For Immediate Release: Aug. 18, 2023
Media Contact: Craig.Shaul@labor.idaho.gov or John.Panter@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate experienced a slight increase in July, rising from June’s rate of 2.7% to 2.8%.

July’s labor force – workers who are employed or unemployed but looking for work – increased by 1,058 people to 965,314.

Idaho’s labor force participation rate – the percentage of the non-institutionalized civilian population at least 16 years of age and older in the labor force – decreased to 62.4% in July from 62.5% in June.

Total employment decreased by 453 to 938,097 while unemployment increased by 1,511 to 27,217.

Continue reading →