Idaho

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Tracking Idaho's Unemployment Rate

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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.

Since those declarations, Idaho’s unemployment rate climbed to its peak of 8.8 percent in August 2010. By August 2011 it had dropped to 8.4 percent, and by August 2012 it was down to 7 percent.

Latest Posts

Idaho Repays Federal Unemployment Benefit Loan

As this article and others have explained in recent days, many states are struggling to repay the federal government for loans it made to help cover unemployment benefits as joblessness surged during the recession. “More than 30 states have had to borrow billions from a federal fund to cover unemployment benefits for their jobless residents […]

Local Economy Blamed in Failed Resort Purchase Deal

According to this article in The Idaho Statesman today, a potential buyer of Tamarack Resort is backtracking on an announced $40 million offer.  The would-be buyer, Matthew Hutcheson of GV Capital Holdings Inc., reportedly said in a letter to state officials that the local economy needs jobs and infrastructure first, and a resort second.  Here’s […]

Idaho Jobless Numbers Rise Following Recession

This series of maps from the New York Times illustrates Idaho’s hard reality, with respect to the jobless rate.  While most states have seen unemployment drop since the end of the recession, Idaho is among the handful that have watched unemployment rise.  In June of 2009, Idaho’s rate stood at 7.6 percent.  Last month, it […]

Stuck in Neutral: What Idaho’s Unemployment Rate Really Means

The Idaho Department of Labor today reported a drop in the state’s unemployment rate, but the number of people still out of work isn’t declining as quickly as labor officials would like.  August’s seasonally adjusted unemployment rate is down two-tenths of a percent to 9.2. That’s the lowest Idaho’s rate has been in the last 15 […]

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