Unemployment Down In Idaho
The Idaho Department of Labor announced Idaho’s unemployment rate dropped to 4.1 percent last month, which is the lowest rate in more than six years and the largest one-month change on record.
The state’s seasonally adjusted unemployment rate dropped four-tenths of a percentage point from September as total employment rose 1,200 to a record 742,400.
Idaho’s participation rate, however, dropped to 63.1 percent, which is the lowest level since July 1976. That decrease in the share of the working-age population with jobs or looking for jobs reflects retirements and a slowdown in economic activity, according to the department of Labor.