Idaho’s Unemployment Rate Holds Steady at 3.8%
TWIN FALLS, Idaho (KLIX) – For the sixth time this year, Idaho was No. 1 in the country for over-the-year job growth, according to the Idaho Department of Labor, with the construction sector growing fastest at 9.2 percent.
The state’s seasonally adjusted unemployment rate held at 3.8 percent in August. The unemployment rate also held steady nationally at 4.9 percent.
According to information provided by the department, growth in the state’s seasonally adjusted nonfarm payrolls remained steady between July and August, adding just 100 jobs.
Idaho’s labor force increased by almost 700 to 812,400, total employment grew by 500 to 781,400 and the number of unemployed Idahoans increased by only 100 people in August to 31,000. The state's labor force participation rate remained unchanged at 64.1 percent; nationally the rate was 62.8 percent.
Annually, unemployment benefit payments were down from August 2015 by 0.9 percent – from $1.25 million a year ago to $1.21 million for August 2016. The number of weeks compensated dropped 5.1 percent over the year."
Source: Idaho Department of Labor