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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%.
The department’s Labor Market Research Manager Craig Shaul and Labor Economists Jan Roeser and Seth Harrington discuss changes over the past 20 years in the state’s rural demographics.
Read articles about the Idaho economy in our newsletter, Idaho Employment News.
The housing market has been a hot topic in recent years as high mortgage rates and rising prices have created affordability challenges across the state. To address these challenges, multi-family housing unit permits have had an increasing share of overall housing permits in Idaho.