Do you remember Idaho’s unemployment rate just as the recession was being noticed? It was three percent.
The National Bureau of Economic Research said the great recession started in December 2007 and ended in June 2009. So, since those declarations, Idaho’s unemployment rate climbed to its peak of 9.7 percent in December through March 2010.
While most states have seen unemployment drop since the end of the recession in 2009, Idaho is among the handful that have watched unemployment rise.
Mike Ferguson, Idaho’s former chief economist, said it’s painful to acknowledge the reality of the state’s predicament. “Idaho is characterized by having turned down earlier and deeper,” he said, “and it’s turning around more slowly than other states.”