Idaho's March jobless rate falls to 3.8%

Posted at 12:29 PM, Apr 15, 2016
and last updated 2016-04-15 14:29:41-04

Idaho’s seasonally-adjusted unemployment rate was 3.8 percent in March, declining one-tenth of a percent from February, State labor officials said in a news release.

Month over month, the state’s non-farm payrolls increased by one-tenth of a percent in March, the release stated. Job gains in education, health services and leisure and hospitality slightly offset declines in information, professional and business services and trade, transportation and utilities.

Over the year, seasonally adjusted non-farm jobs grew by 24,000 -– or 3.6 percent -- the largest March-to-March increase since 2006. Construction, manufacturing, education, health services, leisure and hospitality and other service industries all experienced annual gains of more than 4 percent. Information, mining and logging -– the only industry sectors to show a decline –- shed 400 jobs, officials said.

Nationally, the unemployment rate increased slightly from 4.9 percent to 5 percent, only the second change in the past six months.

Total employment for Idaho grew by more than 400 to 775,900 as the number of unemployed Idahoans dropped by 500 to 30,560. This is the ninth consecutive month that total unemployment decreased. Idaho’s seasonally adjusted labor force dropped by 100 in March to 806,480 -- the first labor force decline since January 2013, breaking a 37-month streak of gains.

Among Idaho’s 44 counties, 26 had unemployment rates above the state rate. Clark and Madison counties experienced the lowest rates in the state at 2.3 percent and 2.6 percent respectively. Adams County had the highest rate at 9.9 percent.

The Idaho Falls metropolitan statistical area reported the lowest unemployment rate of all metros at 3.1 percent, down from 3.6 percent one year earlier. The Coeur d’Alene MSA experienced the highest unemployment rate in the state at 4.7 percent, down from 5 percent the previous March.