Wednesday, September 21, 2011

August jobless rate falls

But many workers drop out of labor force


By EXPRESS STAFF

This August marked the first time in four years that Idaho's current unemployment rate has been lower than the rate for the same month a year earlier.

Last month, Idaho's seasonally adjusted unemployment rate dropped two-tenths of a percentage point—to 9.2 percent—its lowest level in 15 months. The rate was estimated at 9.2 percent, the lowest since May 2010. Last August, Idaho's unemployment rate was 9.4 percent.

Last month, 70,000 people were out of work around the state, compared to 71,500 at this time last year.

<

However, the number of workers with jobs declined for the third straight month, dropping below 689,000 for the first time since March. Nearly 2,400 workers dropped out of the labor force in August, the second largest one-month drop on record. The largest was 2,600 in July.

Employers expanded payrolls by just 1,800, matching the gain from July to August in 2010 but far below the pre-recession average of 3,300 new jobs. New hires in August totaled 14,500, above the past two years but well below the pre-recession norm of 18,400. The Conference Board, a business think tank, estimated there were 3.7 unemployed Idaho workers for every job listed in August, the third month in a row that ratio has increased.




About Comments

Comments with content that seeks to incite or inflame may be removed.

Comments that are in ALL CAPS may be removed.

Comments that are off-topic or that include profanity or personal attacks, libelous or other inappropriate material may be removed from the site. Entries that are unsigned or contain signatures by someone other than the actual author may be removed. We will take steps to block users who violate any of our posting standards, terms of use or any other policies governing this site. Use of this system denotes full acceptance of these conditions. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.

The comments below are from the readers of mtexpress.com and in no way represent the views of Express Publishing, Inc.

You may flag individual comments. You may also report an inappropriate or offensive comment by clicking here.

Flagging Comments: Flagging a comment tells a site administrator that a comment is inappropriate. You can find the flag option by pointing the mouse over the comment and clicking the 'Flag' link.

Flagging a comment is only counted once per person, and you won't need to do it multiple times.

Proper Flagging Guidelines: Every site has a different commenting policy - be sure to review the policy for this site before flagging comments. In general these types of comments should be flagged:

  • Spam
  • Ones violating this site's commenting policy
  • Clearly unrelated
  • Personal attacks on others
Comments should not be flagged for:
  • Disagreeing with the content
  • Being in a dispute with the commenter

Popular Comment Threads



 Local Weather 
Search archives:


Copyright © 2019 Express Publishing Inc.   Terms of Use   Privacy Policy
All Rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Express Publishing Inc. is prohibited. 

The Idaho Mountain Express is distributed free to residents and guests throughout the Sun Valley, Idaho resort area community. Subscribers to the Idaho Mountain Express will read these stories and others in this week's issue.