Tag Archives: Unemployment rate

Idaho’s March unemployment rate remains at 2.6%

NEWS RELEASE

For Immediate Release: April 21, 2023
Media Contact: Craig.Shaul@labor.idaho.gov or John.Panter@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 2.6% in March, unchanged from February’s rate.

March’s labor force – workers who are employed or unemployed but looking for work – increased by 1,905 people (0.2%) to 960,017.

Idaho’s labor force participation was unchanged between February and March, remaining at 62.6%.

Total employment increased by 2,364 (0.3%) to 935,335 as unemployment decreased by 459 (-1.8%) to 24,682.

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Idaho’s February unemployment rate down to 2.6%

NEWS RELEASE

For Immediate Release: March 24, 2023
Media Contact: Craig.Shaul@labor.idaho.gov or John.Panter@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 2.6% in February, edging down from January’s revised rate of 2.7%.

January’s labor force – workers who are employed or unemployed but looking for work – increased by 1,681 people (0.2%) to 958,117.

Idaho’s labor force participation was unchanged between January and February, remaining at 62.6%.

Total employment increased by 2,237 (0.2%) to 932,972 as unemployment decreased by 556 (-2.2%) to 25,145.

Idaho’s nonfarm jobs increased by 1,100 to 845,100 in February. Industry sectors with the greatest over-the-month gains include state government (4.7%), wholesale trade (2.2%), federal government (1.5%), information (1.1%), other services (1.1%), private education services (0.6%), and health care and social services (0.5%). Continue reading →

Idaho’s January unemployment rate down to 2.7%

NEWS RELEASE

For Immediate Release: March 13, 2023
Media Contact: Craig.Shaul@labor.idaho.gov or John.Panter@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 2.7% in January, edging down from the revised 2.8% rate in December.

December 2022’s unemployment rate was revised down from 2.9% due to the Bureau of Labor Statistics’ annual benchmarking process. This realignment of labor market variables is not an indicator of any changes in the state’s economy. (More information about the benchmarking process can be found below.)

January’s labor force – workers who are employed or unemployed but looking for work – increased by 1,593 people (0.2%) to 956,389.

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Committee presentation explores Idaho’s expected labor market growth, need for more workers

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.

Idaho’s December unemployment rate down slightly to 2.9%

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%.

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Idaho’s November unemployment rate up slightly to 3%

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%).

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Idaho’s October unemployment rate up slightly to 2.9%

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%).

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Idaho’s September unemployment rate sees slight uptick to 2.8%

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%).

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Idaho’s August unemployment rate increases slightly to 2.7%

NEWS RELEASE

For Immediate Release: Sept. 16, 2022
Media Contact: Craig.Shaul@labor.idaho.gov or Karen.JarboeSingletary@labor.idaho.gov

Labor force expands by 4% over the year

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 →

Idaho’s July unemployment rate shows slight increase to 2.6%

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.

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