Idaho’s seasonally adjusted unemployment rate for February increased slightly from January to 2.9 percent, the 15th consecutive month at or below 3 percent.
Nonfarm jobs increased by 3,600 (up 0.5 percent) in February, for a monthly total of 750,600. February’s increase was the fastest job growth rate in the nation and the second largest statistically significant job increase added by any state.
The largest month-to-month industry job gains were in professional and business services (up 2.3 percent), manufacturing (up 1.3 percent) and education and health services (up 0.7 percent). Construction, information and leisure and hospitality were the only three sectors that experienced job declines, shedding a total of 1,400 jobs.
The national unemployment rate decreased slightly by two-tenths of a point to 3.8 percent in February. The number of unemployed decreased by 300,000 to 6.2 million. A year earlier, the national unemployment rate was 4.1 percent, and the number of unemployed was 6.7 million.