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Idaho’s March unemployment rate remains at 3.7%
State first in nation for over-the-year nonfarm job growth at 2.7%
Idaho’s seasonally adjusted unemployment rate was unchanged between February and March, remaining at 3.7%.
March’s labor force decreased by 667 (-0.1%) people to 1,011,659 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 February and March, down to 63.7%.
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.
Rising cost of child care affects Idaho’s labor market
Child care is a question thousands of parents across Idaho must answer. Prices for child care have increased since 2020 and instability in the child care sector has resulted in thousands of Idahoans going part time or leaving the workforce to fill the gap.
While not the sole contributing factor, the cost of child care remains a major barrier for a significant portion of Idaho’s potential labor force.