Idaho’s October unemployment rate holds at 2.7 percent

unemployment

Idaho’s seasonally adjusted unemployment rate stayed at 2.7 percent in October, unchanged from September and continuing at or below 3 percent for the 14th consecutive month.

The state’s labor force – the total number of people 16 years of age and older working or looking for work – was essentially unchanged since July at 853,444.

Total employment increased by 853 to 830,616 while the number of unemployed people decreased by 454 to 22,828.

Year over year, Idaho’s job growth remained strong. Total nonfarm jobs were up 2.1 percent for a total of 15,300 jobs. Every industry sector showed continued growth except for information, which had 400 fewer jobs compared with the previous year. The fastest movers in adding jobs were natural resources at 5.7 percent closely followed by manufacturing with 4.9 percent growth and construction increasing 4.3 percent.

Nez Perce County’s October unemployment rate was 2.3 percent; Latah County 2.2 percent; Lewis County 4 percent; Idaho County 4.2 percent and Clearwater County reported an October unemployment rate of 6.4 percent. (Idaho Department of Labor)

Tags: