Idaho unemployment rate stays steady
STAFF REPORT | Hagadone News Network | UPDATED 2 years, 6 months AGO
Idaho’s seasonally adjusted unemployment rate was 3.3% in April, unchanged since September 2023, according to the Idaho Department of Labor.
Of Idaho’s six metropolitan statistical areas, Coeur d’Alene saw the largest year-over-year nonfarm gains in April, 3.4% in total. All areas saw increases, with Coeur d’Alene followed by Boise (2.3%), Idaho Falls (2%), Lewiston (2%), Pocatello (1.8%) and Twin Falls (0.4%).
Kootenai County’s seasonally adjusted unemployment rate has hovered between 3.7% and 4.1% since January. In April, the county’s unemployment rate was 3.9%. This equates to a little more than 3,500 unemployed people out of the county’s 90,000-strong civilian labor force.
The state’s labor force increased by 2,595 people (0.3%) in April, reaching 974,053, while the labor force participation rate increased to 62.7% from March’s 62.6%.
Industries that experienced job gains in April included wholesale trade (2%); private educational services (1.2%); transportation, warehousing and utilities (1.2%); state government (0.6%); professional and business services (0.4%) and local government (0.2%).
Idaho’s 3.3% unemployment rate for April 2024 was up from 2.9% the prior year. The labor force was up 1.7%, an increase of 16,671 people.
The number of unemployed Idahoans increased 17% (4,684) over the prior year, while the total number of employed increased 1.3% (11,987).
Total nonfarm jobs have increased by 2.3% (19,300) in the past year. Most major industry sectors gained jobs except other services (-3.6%), information (-2.1%), finance and insurance (-1.7%), and accommodation and food services (-0.8%).
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Connell woman killed in Booker Road crash
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Doors opening: The Currents will provide homeownership for more local workers
About 104 homes are planned at the former Atlas sawmill site
Teachers, nurses, firefighters and other workers who keep Coeur d’Alene running will soon have more places to buy a home in the community where they work. About 104 homes are being planned to be built at Atlas Waterfront, on roughly 10 acres that are part of a swath of land that was once home to the Atlas sawmill and is being redeveloped. Ignite CDA, the city of Coeur d’Alene’s urban renewal agency, is leading this effort.