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%).

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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%).

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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.

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