Friday, November 21, 2014

Boise Unemployment Rate Drops to 2.7 Percent

Posted By on Fri, Nov 21, 2014 at 1:50 PM

Idaho's jobless rate dropped again in October—to 4.1 percent—the lowest level since March 2008. The Gem State's unemployment rate dipped four-tenths of a percentage point to the six-and-a-half-year low. Idaho's jobless rate has fallen nearly 2 percentage points over the past  year from 5.9 percent in October 2013.

According to the Idaho Department of Labor, manufacturers brought on new workers at a rate fractionally higher than normal due to an increase in food processing. Meanwhile, hiring in the construction, natural resources, financial services and retail and wholesale industries fell below a five-year average.

No Idaho counties reported double-digit jobless rates, and only four counties posted higher rates than September: Camas, Franklin, Oneida and Teton.

The highest unemployment rate was registered in Adams County—6.7 percent—while the lowest jobless figure was in Clark County at 1.8 percent. 

The city of Boise registered a 2.7 unemployment rate in October, dropping seven-tenths of a point from September
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