State jobless rate falls for first time in
four years
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May 21, 2011 |
Idaho's economy generated more jobs than
expected in April, putting over 3,000 people
back to work and dropping the
seasonally-adjusted unemployment rate for the
first time in more than four years.
The rate fell a tenth of a point, from a record
9.7-percent in March to 9.6-percent. The
unemployment rate for April, 2010, was
9.1-percent.
Just over 73,000 Idaho workers remained of the
job in April, down 700 from March.
More people joined the Idaho work force in April
and more found work than in any other month
since January, 2006, a possible indication among
jobless workers that the Idaho labor market is
finally beginning to open up.
While the news was good statewide, Boundary
County continues to languish, though the
employment picture did improve somewhat since
March. In April, there were 4,909 people working
in Boundary County, with 698 people employed,
compared to 4,742 workers to 678 unemployed in
March, for a tenth of a point drop in the county
unemployment rate, 14.2-percent in April
compared to 14.3-in March.
Last April, the county unemployment rate stood
at 14.8-percent.
Only three other Idaho counties have higher
April unemployment rates; Valley County at
16.4-percent, Clearwater County with
15.3-percent unemployed and Adams County with
14.3-percent. Oneida County has the lowest
unemployment rate in the state at 5.3-percent.
After 33-months of year-over-year declines,
April was the fourth straight month that current
job totals exceeded levels of a year earlier.
Nearly 2,500 new workers entered the Idaho job
force in April, pushing the total to a record
765,400, while more than 3,200 idled workers
found jobs, driving total employment back over
690,000 for the first time since July, 2009.
April was the second straight month that more
people found work than entered the labor force.
While new hiring by Idaho's 50,000 employers
remained weak compared to pre-recession levels,
April marked the sixth month that new hires
exceed totals from a year earlier. |
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