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Idaho’s unemployment rate drops to 3.6% in May
Idaho’s seasonally adjusted unemployment rate decreased between April and May, from 3.7% to 3.6%.
May’s labor force decreased by 875 people (-0.1%) to 1,011,244 while the labor force participation rate – the percentage of people 16 years of age or older who are either employed or looking for work – decreased by 0.1 percentage point between April and May, down to 63.5%.
Idaho’s long-term industry and employment projections webinar
Labor economist Sam Wolkenhauer discusses Idaho’s housing interest rates and home inventories.
Idaho Employment Newsletter
Read articles about the Idaho economy in our newsletter, Idaho Employment News.
Idaho sees growth in startup jobs and new business applications in 2024
A positive byproduct of “startups” — defined as new private establishments open for less than a year — are the jobs they create. While Idaho’s startups account for a smaller share of private jobs now than in the 1990s, the state’s total employment has benefitted from them, growing from around 15,000 jobs in 1994 to over 27,000 jobs in 2024 — a 79.6% overall increase, or 2.2% annually.