August Unemployment Rate Holds Steady at 3.8%

Idaho ‘s Over-the-Year Job Growth is Nation’s Fastest

Idaho’s seasonally adjusted unemployment rate was 3.8 percent in August. Nationally unemployment held steady at 4.9 percent.

For the sixth time this year, Idaho was No. 1 in the nation for over-the-year job growth in August. An additional 22,000 jobs – a 3.3 percent increase – was driven by across-the-board gains in all industries. Construction grew the fastest with a 9.2 percent increase followed by growth in financial activities, other services and information.

Month-to-month, growth in the state’s seasonally adjusted nonfarm payrolls remained steady between July and August, adding only 100 jobs.

For more information, read the full news release.