Idaho’s Jobless Rate Drops To Lowest Level In Three Years
Almost 20,000 more Idahoans had jobs this July compared to last. The Idaho Department of Labor reports July’s seasonally adjusted jobless rate dropped two-tenths of a percentage point from June to 7.5 percent.
According to Bureau of Labor Statistics data, Idaho and Rhode Island were the only two states to post a decline in the jobless rate. The District of Columbia also saw a decrease.
Idaho Department of Labor spokesman Bob Fick says state analysts anticipated the jobless rate would remain flat, much like the national rate, but he adds Idaho has been on a downward trajectory for a year.
Fick: “This two-tenths drop is another indication we really are on a slide down, and there is real recovery underway in Idaho.”
Still, at least 58,600 people are out of work in the state. The Labor Department reports 15,000 people have exhausted all unemployment insurance benefits without finding a job.
Copyright 2012 Boise State Public Radio