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Idaho unemployment rate drops to 4%, better than
nationwide rate; Boundary County numbers
down slightly |
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December 3, 2015 |
The newest October 2015 Seasonally-adjusted
rates released by the Idaho Department of Labor
show the unemployment rate for the state at 4%,
down from 4.2% the prior month and compared to
4.6% in October 2014, one year ago.
The nationwide U.S. unemployment rate is
currently at 5.0%.
For Boundary County, the October 2015
unemployment rate is 5.1%. This rate has gone
down 0.1% from September's 5.2% rate, and
compares to 5.5% one year ago in October 2014.
In Boundary County, the current 5.1%
unemployment rate represents 257 people out of
work among a total labor force of 5,063,
according to Idaho Department of Labor figures.
In other nearby counties: Bonner County's most
recent October 2015 unemployment rate is 5.7%,
while Kootenai County's rate is 4.8%.
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The highest unemployment rate in the state is
found in Adams County at 9.1%. Adams County,
whose county seat is Council, is located on the
western edge of the state in the central portion
of Idaho. The best unemployment numbers in Idaho
are in Gooding County, located in southwest
Idaho, where 2.6% are unemployed.
October 2015 job growth for the state of Idaho
is the strongest of any October in the past
decade, as 1,000 unemployed workers got jobs,
along with 1,800 people who joined the labor
force.
In other positive economic news for Idaho, the
U.S. Bureau of Labor Statistics recently
released data showing Idaho had the largest
percent increase in employment of all states in
the nation in the one year period from October
2014 to October 2015. Idaho's employment
increase for that period was a nation-leading
3.8 percent, followed by Utah at 3.5%.
Looking at cities in Idaho, October unemployment
rates for almost all of Idaho’s Metropolitan
Statistical Areas (MSAs) were below the state
average except for the Coeur d’Alene MSA at 4.8
percent. The Boise MSA was 3.4 percent, down
from 3.7 percent in September. The Idaho Falls
MSA fell from 3.6 percent to 3.3 percent –
maintaining the lowest unemployment rate of
Idaho MSAs.
For more details on Idaho's unemployment
picture, visit
lmi.Idaho.gov.
For some great visual and graphic summations of
the Idaho unemployment data, see an Idaho
Department of Labor webpage at this location:
http://labor.idaho.gov/publications/econsitrep.pdf
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