Idaho May Unemployment Dips Below 5% – Long-Term Job Growth Projected to Surpass the Nation

The Idaho Department of Labor’s May unemployment figures marked the first time unemployment in the state dipped below 5% “in nearly six years.” Reaching 4.9%, Idaho’s unemployment rate was 1.5% lower than May 2013. Idaho’s May unemployment rate is also 1.4% lower than the national jobless rate, “marking more than 12 ½ years that the state rate has been lower” than the national rate. The industries that generated jobs above the five-year average for May were “Financial services, real estate, information, health care, natural resources, mining, hotels and restaurants.”

Long-term job growth in Idaho is anticipated to surpass the national projected job growth rate. Between 2012 and 2022, the Department foresees annual job growth of 1.5%. The industries that are anticipated to grow the fastest in Idaho are “Construction, health care, leisure and hospitality and retail trade.” Read more at http://bitly.is/1jf9tuA.

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