Idaho Jobless Rate Lowest In Five Years

By Samantha Wright

Idaho's unemployment rate has dropped to its lowest point in five and a half years. It dropped a tenth of a percent in March to 5.2 percent. That’s the lowest rate since August of 2008.

Bob Fick is with the Idaho Department of Labor. He says the March data continues a trend that started a year and a half ago. He says “we’ve seen job creation at two percent to three percent over the last 18 months, while the national rate has been about 1.5, 1.6 every month, year over year." He says Idaho is creating jobs at a significant pace.

Fick says Idaho’s recovery from the Great Recession started off slowly, but has picked up over the last two years.

Construction showed the strongest job growth between February and March. That’s as the state continues to recover from the bursting of its housing bubble when the recession hit. Manufacturers also expanded in March. That combination meant more higher paying jobs, as the goods-producing sectors of the economy average about $10,000 a year more than the service sector.

The national unemployment rate was 6.7 percent in March. Idaho's rate has been lower the national one for more than 12 years.
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