Labor Dept.: Idaho unemployment may have hit bottom

POSTED: 10:44 MST Friday, July 6, 2007

by Lora Volkert

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Tags - employment, Idaho Department of Commerce and Labor

Idaho’s unemployment rate was 2.5 percent in June, marking the fifth straight month it has been under 3 percent.

But there are reasons to believe the low jobless rates could end soon, according to the Idaho Department of Labor.

The number does not reflect any of the layoffs expected at Micron Technology, according to a Department of Labor press release.

In addition, the number of Idaho jobs created last month was about 300 below historic averages, according to the release. The number of new hires in June fell 2,100 short of the number of new hires in June 2006. And the number of unemployment insurance benefit checks issued last month was 12 percent higher than a year ago, although total employment was also higher than a year ago.

Unemployment in the Boise area was 2.2 percent in June, down from 2.9 percent a year ago.

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