As of Tuesday, May 26, 2015
Signs of strong economic growth continued in April as Idaho’s seasonally adjusted unemployment rate remained at a seven-year low of 3.8 percent.
April’s labor force grew by 4,100 people while the number of employed increased by 4,000, pushing Idaho’s total employment to another new high of 761,200. The percentage of working-age adults with jobs or looking for work rose to 63.7 percent, the highest labor participation rate since 2013 and the fourth consecutive monthly increase.
For Idaho County, the civilian labor force was at 6,538 with 393 unemployed or 6 percent.
New hires exceeded 17,500, the highest level in six months and the highest April hiring rate since before the recession.
Nationally, unemployment dropped to 5.4 percent during April. Based on new estimates and revisions by the Bureau of Labor Statistics, Idaho’s unemployment rate has been below the national average for just over five and a half years.
It’s been 10 months since any of Idaho’s 44 counties reported a double-digit unemployment rate. Seventeen counties had rates at or below the statewide rate of 3.8 percent, the same number in February. Fremont County had the lowest rate at 3.1 percent, unchanged from March. Shoshone County’s rate fell by a tenth of a point to 7.4 percent in April, but still has the state’s highest county unemployment rate.
Among the major cities, Boise’s 2.7 percent unemployment rate was the lowest, while the city of Caldwell had the highest jobless rate of 5.2 percent.