Idaho’s April unemployment rate falls to historic low of 2.6%

department-of-labor

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.

The number of Idahoans employed or looking for work grew by 4,770 people to 937,023. Labor force participation increased by one-tenth of a percent 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 or 0.6% to 912,953 while total unemployment dropped by 639 or 2.6% to 24,070.

Industry sectors with the greatest over-the-month gains include natural resources, up 4.3%, wholesale trade, 2%, professional and business services, up 1.8%, private educational services, up 1.5% and nondurable goods manufacturing, up 1.3%.

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