Tag Archives: unemployment rate

Idaho’s April Unemployment Rate Falls to Historic Low of 2.6%

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.

Idaho map with county unemployment ratesThe 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.

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Idaho’s March unemployment rate falls to historic low of 2.7%

NEWS RELEASE

For Immediate Release: April 15, 2022
Media Contact: Craig.Shaul@labor.idaho.gov or Karen.JarboeSingletary@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 2.7% in March – down from February’s rate of 2.8%. This marks a new record low since the series began in 1976.

The number of Idahoans employed or looking for work grew by 5,082 people (0.5%) to 932,278. Labor force participation increased by 0.2 percentage points between February and March to 62%. Idaho’s peak participation rate reached 71.4% in September 1998.

Total employment grew from February by 6,467 (0.7%) to 907,537 while total unemployment dropped by 1,385 (-5.3%) to 24,741.

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Idaho’s February Unemployment Rate Drops to 2.8%

NEWS RELEASE

For Immediate Release: March 25, 2021
Media Contact: Karen.JarboeSingletary@labor.idaho.gov or Salvador.Vazquez@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 2.8% in February – down from January’s rate of 3%.

The number of Idahoans employed or looking for work grew by 2,936 people (0.3%) to 927,314 – a larger over-the-month increase than any month during 2021.

Labor force participation increased by 0.1% between January and February to 61.9% – the first increase since October 2021. Idaho’s peak participation rate reached 71.4% in September 1998.

Total employment grew by 4,115 (0.5%) to 901,083 while total unemployment dropped from January by 1,179 (-4.3%) to 26,231.

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Idaho’s December Unemployment Rate Reaches Historic Low of 2.4%

NEWS RELEASE

For Immediate Release: Jan. 21, 2022
Media Contact: Karen.JarboeSingletary@labor.idaho.gov or Craig.Shaul@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 2.4% in December, a historic low and one-tenth of a percentage point below the state’s previous record of 2.5% in December 2019.

The number of Idahoans employed or looking for work grew by 806 people (0.1%) to 909,467 – marking the smallest over-the-month labor force gain through the last five months of 2021.

Labor force participation decreased slightly from 62.3% to 62.2% in December. The state’s participation rate dropped below the previous historic low in June 2021 and has continued decreasing in the months since – an indication of a persistently tight labor market. Idaho’s peak participation rate reached 71.4% in September 1998.

Total employment grew by 2,522 to 887,379, up 0.3%, while total unemployment dropped by 1,716 (7.2%) to 22,088. According to The Conference Board’s Help Wanted Online there were 51,765 online job openings in Idaho in December – a ratio of 2.3 openings for every unemployed Idahoan.

Idaho’s nonfarm job growth exceeded seasonal expectations in December, up 2,000 jobs (0.3%) for a total of 790,500 jobs. Industry sectors with the greatest over-the-month gains include natural resources (4.9%); information (3.9%); transportation, warehousing and utilities (2.4%); durable goods manufacturing (1.6%); federal government (0.8%); professional and business services (0.5%); local government (0.4%); accommodation and food services (0.4%); and retail trade (0.3%). Continue reading →

Idaho’s Economic Recovery Exceeds Expectations in 2020

Idaho continued to experience rapid population growth, relatively low unemployment and a significant increase in business growth in 2020, even as the coronavirus pandemic caused major interruptions to the national and state economies.

Comparing Idaho’s 2020 economy with neighboring states gives economists a clearer perspective of the state’s economy and creates a roadmap of expectations for a full economic picture in 2021.

Idaho’s 2.1% population growth from 2019 to 2020 was the highest among the states for the fourth consecutive year. The U.S. Census Bureau will release state population estimates for 2021 on Dec. 21, 2021, and will reveal if Idaho’s population growth will continue to lead the nation. Figure f-1: Population growth by state, 2019 to 2020, ranked

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Idaho’s October Unemployment Rate Drops to 2.8%

NEWS RELEASE

For Immediate Release: Nov. 19, 2021
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Karen Jarboe Singletary, Karen.JarboeSingletary@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 2.8% in October, down 0.1 percentage points from September.

The state’s labor force grew by 1,470 (0.2%) people to 907,622 – the second largest over-the-month increase this year. The labor force participation rate remained at 62.4%.

Total employment grew by 2,270 to 882,543, up 0.3%, while total unemployment dropped 3.2% (-800) to 25,079.

Idaho’s nonfarm payroll jobs were 1,300 below seasonal expectations at 785,700 in October, down 0.2% from 787,000 in September. Industries with fewer jobs than expected included information (-3.8%); accommodation and food services (-2.5%); transportation, warehouse and utilities (-1.1%); federal government (-0.8%); professional and business services (-0.4%); retail trade (-0.2%); and financial activities (-0.2%). Continue reading →

Idaho’s September Unemployment Rate Stays at 2.9%

NEWS RELEASE

For Immediate Release: Oct. 22, 2021
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Karen Jarboe Singletary, Karen.JarboeSingletary@labor.idaho.gov

Idaho map - unemployment rate by county September 2021Idaho’s seasonally adjusted unemployment rate was 2.9% in September, unchanged from August.

The state’s labor force grew by 1,270 (0.1%) people to 906,191. This is the second largest over-the-month increase this year. Despite this increase, the labor force participation rate decreased by 0.1 percentage points to 62.4%.

Total employment grew to 880,283, up 0.2% (1,917), while total unemployment dropped 2.4% (-647) to 25,908.

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Idaho’s Unemployment Rate Drops to 2.9% for August

NEWS RELEASE

For Immediate Release: Sept. 17, 2021
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Karen Jarboe Singletary, Karen.JarboeSingletary@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate decreased by one-tenth of a percent from July to 2.9%.

August was the first time Idaho’s unemployment rate dropped below 3% since March of 2020. The state’s previous streak of unemployment rates under 3% lasted for 26 months – from February 2018 to March 2020.

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Idaho’s July Unemployment Rate Unchanged at 3%

NEWS RELEASE

For Immediate Release: Aug. 20, 2021
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Karen Jarboe Singletary at Karen.JarboeSingletary@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate held steady at 3% from June to July.

Total employment grew to 876,204, up 0.1% (+1,094), while total unemployment dropped 1.6% (-429) to 26,717.

Idaho’s labor force grew by one-tenth of a percent to 902,921 (+665), marking four consecutive months of gains. The labor force participation rate decreased from 62.6% to 62.5%.

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Idaho’s June Unemployment Rate Unchanged at 3%

NEWS RELEASE

For Immediate Release: July 16, 2021
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Salvador Vazquez, Salvador.Vazquez@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate held steady at 3% from May to June.

Total employment grew to 875,305, up 0.1% (+1,152), while total unemployment dropped -0.8% (-221) to 27,103.

Idaho’s labor force grew by one-tenth of a percent to 902,408 (+931), marking three consecutive months of gains. The labor force participation rate decreased from 62.7% to 62.6%.

In June, Idaho’s nonfarm payroll jobs jumped to 789,700, up 0.8% (+6,200) from 783,500 in May. Industries with job gains that exceeded expectations included information (+6.9%), state government (+3.8%), natural resources (+2.6%), other services (+2%), accommodation and food services (+1.7%), construction (+1.4%), education and health services (+1.1%), finance and insurance (+1%), local government (+0.7%), professional and business services (+0.6%), wholesale trade (+0.3%), and durable goods manufacturing (+0.3%).

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