Idaho’s July unemployment rate increases to 3.5%
Idaho’s seasonally adjusted unemployment rate was 3.5% in August, unchanged from July.
The state’s labor force increased by 3,851 people (0.4%) to 985,722 while the labor force participation rate — the percentage of people 16 years of age or older who are either employed or looking for work — increased from 62.9% to 63.1% between July and August.
Read more… (9/20/2024)
UI financing, benefit costs and experience rating report.
Claimant Characteristics Reports
What is unemployment insurance (UI)?
UI is a program for the accumulation of funds paid by employers to be used for payments of UI to workers during periods of unemployment, which are beyond their control.
The Idaho Department of Labor gathers UI data to study, analyze, model and forecast the economic impact of unemployment on the state’s economy.