What is the Unemployment Rate in Idaho?
For those asking “What is the unemployment rate in Idaho?” the answer is very good news. In Idaho, the state-wide unemployment rate has been adjusted to 3.2 percent for the month of May 2017. This means that the unemployment rate in Idaho has been on a decline for the past few consecutive months. According to labor force analysts, the decline is due in part from the residents of Idaho leaving the workforce, whether for retirement or otherwise. Other unemployed workers in Idaho are ending their job search completely. Year after year Idaho has shown drastic increases in non-farm payroll jobs as well as huge increases in the education and health services sector. While the national jobless rate falls around 4.4 percent currently, Idaho is well under that threshold. Even with seasonal adjustments, Idaho’s economic standing has been promising, to say the least.
For individuals in Idaho who are having difficulty with unemployment, there are insurance benefits that can help. Unemployment insurance benefits vary from state-to-state and are available for those jobless individuals who need wage assistance in between employment. Eligibility requirements vary, so it is important to know in advance what the state requires for application. In Idaho for example, individuals must be available to work and be unemployed through no fault of their own.