Tag Archives: unemployment rate

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

Idaho’s January Unemployment Rate Steady at 2.8 Percent

News Release

For Immediate Release: March 11, 2019
Information Contact: Craig Shaul, (208) 332-3570 ext. 3201 or Karen Jarboe Singletary (208) 332-3570 ext. 3215

Third Fastest in the Nation for Over-the-Month Job Growth

Idaho’s seasonally adjusted unemployment rate for January was 2.8 percent – the third consecutive month at this rate and the 14th consecutive month at or below 3 percent following the benchmarking of 2018 estimates.

 

The slight increase of Idaho’s seasonally adjusted over-the-month nonfarm payroll jobs was the third fastest in the nation – increasing by 4,500 in January to 746,800.

 

The biggest month-to-month industry job gains, all at or above 1 percent, were in construction, manufacturing, other services, financial activities, education and health services, and leisure and hospitality. Information and government were the only two sectors that experienced job declines.

Among Idaho’s Metropolitan Statistical Areas (MSAs), month over month, the Coeur d’Alene MSA was the fastest growing at 1.4 percent growth or 900 jobs.

 

An additional 2,052 people entered the workforce from December to January, pushing Idaho’s seasonally adjusted labor force number up to 864,446. Total employment increased by 1,438 to 840,074, and the number of unemployed increased by 614 to 24,372.   Continue reading

Idaho’s 2018 Annual Average Unemployment Rate Remains at 2.8 Percent

News Release

For Immediate Release: Feb. 28, 2019
Information Contact: Karen Jarboe Singletary, (208) 332-3570 ext. 3215 or Robert Kabel, (208) 332-3570 ext. 3886

Idaho’s statewide seasonally adjusted annual average unemployment rate remained at 2.8 percent for 2018 according to benchmarked numbers released by the Bureau of Labor Statistics (BLS).

BLS’ annual benchmark process is conducted in cooperation with the Idaho Department of Labor and includes re-estimations based on updated data from the U.S. Census Bureau, BLS and other sources.

Idaho’s annual average total labor force increased by 2.6 percent between 2017 and 2018 to 856,795. Total employment increased by 3.1 percent and the total number of unemployed dropped 9.6 percent from 2017. Continue reading

Demystifying Idaho’s Unemployment Rate

Idaho’s seasonally-adjusted unemployment rate was 2.6 percent for November 2018, the most recent data available. This is the 15th consecutive month that Idaho’s rate has been at or below the low rate of 3 percent. But what does 3 percent employment mean? Three percent of what?

The answer to what the unemployment rate means and how it’s determined is best understood within the context of the numbers that are also reported with it each month. The unemployment rate is a figure that measures the unemployed segment of the labor force, which is itself a subgroup of the civilian population and one of a few terms that describe different states of people in the population and their relationship with work and the economy.

The major subgroups of the larger civilian population include the labor force, employed and unemployed. The relationship among these various groups provide the basic measures of the participation rate and unemployment rate.

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Idaho’s April Unemployment Rate Unchanged at 2.9 Percent

NEWS RELEASE

For Immediate Release: May 18, 2018
Information Contact: Karen Jarboe Singletary (208) 332-3570 ext. 3215 and Craig Shaul (208) 332-3570 ext. 3201

April Marks Fourth Month in Top Two in the Nation for Over-the-Year Job Growth

Idaho’s seasonally adjusted unemployment rate remained at 2.9 percent in April, continuing an eight-month run at or below 3 percent.

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 1,242 people from March to April for a total of 849,373.

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