Idaho’s July unemployment rate increases to 3.5%
Idaho’s seasonally adjusted unemployment rate was 3.5% in July, an increase from June’s rate of 3.4%.
The state’s labor force increased by 3,922 people (0.4%) to 981,851 while the labor force participation rate — the percentage of people 16 years of age or older who are either employed or looking for work — increased from 62.8% to 62.9% between June and July.
Read more… (8/16/2024)
Unemployment insurance financing, benefit costs and experience rating report
Claimant Characteristics Reports
What is unemployment insurance?
Unemployment insurance is a program for the accumulation of funds paid by employers to be used for payments of unemployment insurance to workers during periods of unemployment, which are beyond their control.
The Idaho Department of Labor gathers unemployment insurance data to study, analyze, model and forecast the economic impact of unemployment on the state’s economy.