Friday, May 18, 2012

Idaho Jobless Rate Drops to 7.7 Percent

Posted By on Fri, May 18, 2012 at 10:07 AM

Idaho's unemployment rate dropped in April - its ninth straight decrease - to 7.7 percent, its lowest level since July 2009.

Idaho's Department of Labor reported this morning that while the Gem State's labor force remained at 779,000 in April (basically unchanged), employers maintained their seasonal hiring, bringing the unemployment number down two-tenths of a percentage point from March.

A year ago, 702,000 Idahoans had jobs and the jobless rate was 8.7 percent.

Labor Department analysts report that construction, retail and trucking all "expanded payrolls well above normal in another indication of increasing economic activity." More than 1,600 people left the rolls of the unemployed between March and April, only the second time in 36 years that unemployment has declined by more than 1,600 in a month.

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