Idaho’s November unemployment rate remains at 3.7%
Idaho’s seasonally adjusted unemployment rate was 3.7% in November, unchanged from October.
The state’s labor force increased by 3,188 people (0.3%) to 996,574 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 63.3% to 63.4% between October and November.
Read more… (12/20/2024)
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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.