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%.
Read more… (6/20/2025)
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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.