Idaho’s seasonally adjusted unemployment rate remained at 2.9 percent in September for the third consecutive month, the Department of Labor reported.
An additional 2,906 people made themselves available for work in September, pushing the state’s seasonally adjusted labor force up to 882,214. The number of unemployed increased by 136 to 25,626. Total employment grew by 2,770, to 856,588.
Idaho’s labor force participation rate—the percentage of people age 16 years or older working or looking for work—has been slowly increasing since June 2019, and reached 64.1 percent in September.
Seasonally-adjusted nonfarm jobs were up 3.1 percent from September 2018, the second-fastest growth rate in the nation, representing a gain of 22,600 jobs. Four of Idaho’s industry sectors experienced job gains of 4 percent or greater: 8.2 percent in professional and business services (7,700 jobs); 5.7 percent in financial activities (2,100 jobs); 4.6 percent in education and health services (4,800 jobs); and 4.2 percent in manufacturing (2,900 jobs).
Nationally, unemployment dropped 0.2 percent to 3.5 percent in September. Total unemployed decreased by 275,000 from August for a total of 5.8 million people looking for work. One year earlier, the national unemployment rate was 3.7 percent, and the number of unemployed reached 6 million.