Tag: Southeastern Idaho
Region
Labor force estimates for August 2024 from the Idaho Department of Labor’s Local Area Unemployment Statistics had both total employment and total unemployment increasing slightly in the seven-county southeastern region. Seasonally adjusted, August’s preliminary estimates have labor force participants increasing by 112 people, with 131 more employed people and 19 fewer unemployed people. The seasonally adjusted unemployment rate is 3.5%, the same as July 2024 and 0.4% higher than August 2023.
| Southeastern Idaho, seasonally adjusted data | Aug-24 (P) | Jul-24 (R) | Aug-24 (B) |
|---|---|---|---|
| Civilian labor force | 91,202 | 91,090 | 87,962 |
| Total employment | 88,046 | 87,915 | 85,244 |
| Unemployment | 3,156 | 3,175 | 2,718 |
| % of labor force unemployed | 3.5% | 3.5% | 3.1% |
| Source: Idaho Department of Labor | P – Preliminary, | R – Revised, | B – Benchmark |
In August 2024, there were 530 unique online job postings in the southeastern Idaho labor market area, which decreased 26% from the prior month at 718 and 24% over the year at 695. The median job posting duration was 12 days, down one day from July and down two days from August 2023.
Region
Labor force estimates for July 2024 from the Idaho Department of Labor’s Local Area Unemployment Statistics (LAUS) had total employment and total unemployment increasing in the seven-county southeastern region. Seasonally adjusted, July’s preliminary estimates have labor force participants increasing by 1,177 people, with 1,161 more employed people and 16 more unemployed people. The seasonally adjusted unemployment rate is 3.5%, the same as June 2024 and .2% lower than July 2023.
Continue reading “Around Southeastern Idaho: Economic activity, August 2024”