Monday, March 9, 2015

Department of Labor: Idaho's 2014 Jobless Rate Slightly Higher than Reported

Posted By on Mon, Mar 9, 2015 at 10:29 AM

Idaho's jobless rate in 2014 has bumped two-tenths of a percent after revisions by the U.S. Bureau of Labor Statistics, according to the Idaho Department of Labor.

In January, the Department of Labor reported that the Gem State's seasonally adjusted unemployment rate had dipped two-tenths of a percent to a 7-year low of 3.7 percent. The new calculation has pushed that figure to 4.4 percent—seven-tenths of a percentage point above the previous estimate.

The revisions have upped the jobless rate for every month since May 2014. They've been attributed to the number of Idaho workers on the job since last winter, which decreased by 700 in December from the original estimate to 742,400. There was also an increase in the number of people looking for work since late summer, which increased by 4,900 in December, with the number of Idahoans on the job reaching 776,500. 

Though the Bureau of Labor Statistics revisions showed Idaho's unemployment rate higher than previously reported, however, they indicated that the state's economy performed stronger between Spring 2011 and Spring 2014 than earlier estimates. 

[Editor's Note: A previous version of this blog post incorrectly said the number of Idahoans looking for work was 776,500.]

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