Idaho’s seasonally adjusted unemployment rate was 2.7% in August, up 0.1 percentage point from July – and 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 nearly 4,400 people to 956,785. Total employment grew by just over 3,100 to more than 931,000 while total unemployment increased to a little over 25,700.
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 – up 0.9%; arts, entertainment and recreation grew by 0.6%; and construction rose by 0.5%.
Industries with the greatest job declines in August were natural resources – down 2.3%; health care and social services lost 0.9%; and other services was down 0.4%.
Year over year Idaho’s unemployment rate was down 0.8 percentage points from August 2021, while the labor force was up 4%, an increase of more than 36,700 people.
