Unemployment Insurance Reports

Idaho’s May Unemployment Rate Falls to Historic Low of 2.5%

Idaho’s seasonally adjusted unemployment rate was 2.5% in May, down from April’s rate of 2.6%. May’s rate marks the fourth consecutive month of historic lows since record keeping began in 1976.

The number of Idahoans employed or looking for work grew by 6,373 people (0.7%) to 943,390. Labor force participation increased by 0.3 percentage points between April and May to 62.4%. Idaho’s peak participation rate reached 71.4% in September 1998.

Read more... (5/20/2022)

 

State data and average annual rates
Jan. 2021 through May 2022 - Updated 6/17/2022

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Preliminary Monthly County Data
Updated 6/17/2022

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What is unemployment insurance?

Unemployment insurance is a program for the accumulation of funds paid by employers to be used for payments of unemployment insurance to workers during periods of unemployment, which are beyond their control.

The Idaho Department of Labor gathers unemployment insurance data to study, analyze, model and forecast the economic impact of unemployment on the state's economy.