CLEARWATER TRIBUNE HOME
MAY 13, 2010
unemployment rate drops
unemployment rate for April dropped to 16.7 percent, down from 19.4 in March. In
April of 2009 county employment was at 14.3 percent.
According to the Idaho
Department of Labor,
civilian labor force consisted of 3,602 people, 603 of which were unemployed. In
March those numbers were 3,523 and 697, respectively. In April of 2009 the
civilian labor force was at 3,517 with 503 unemployed.
reported an increase in unemployment, up to 7.2 percent from Marchís 6.5
percent. Last year
reported a 5.1 percent April unemployment rate.
stayed at 7.2 percent from March to April. Last year
unemployment was 5.6 percent in April.
A surge in hiring across most
of the economy sent
overall forecasted seasonally adjusted unemployment rate down three-tenths of a
percentage point to 9.1 percent in April. It was the rateís largest one-month
decline since 1983, when the economy was pulling out of another recession.
April was the second straight
jobless rate declined, bucking the national rate which jumped two-tenths of a
percent to 9.9 percent. Until March,
rate had climbed steadily from a record low 2.7 percent in March 2007 to 9.5
percent this February.
Most sectors of the
economy posted April job gains near or above seasonal levels. The estimated
increase of 6,700 lifted total jobs statewide to 602,800. It was the first time
the number of
jobs climbed over 600,000 this year and only 4,900 below April 2009, the
smallest year-over-year job gap since June 2008.
Only hotels and private
education significantly missed the five-year average performance from March to
April. Even construction, which has lost over 20,000 jobs since the housing
bubble burst in 2007, added more than 1,000 jobs from March to April, an
increase approaching 5 percent and the norm for the previous five springs.
The substantial improvement
in the job market provided work for the 2,800 people who joined the labor force
last month and for over 1,700 of the workers who had been without jobs. It was
the 11th straight monthly increase in the labor force, the fourth
month in a row that the labor force has exceeded the year-earlier level and the
largest one-month increase in total employment Ė 4,600 Ė in 16 years.
Employers remained cautious
during the month, hiring just 11,400 new workers. While up from March, the total
was still below April 2009. But temporary employment agency hiring, a signal of
whether employers believe the economy is growing again, was up 3.6 percent from
March and running 8.6 percent ahead of April 2009.
April marked the second
consecutive monthly decline in the number of unemployed, which fell to 69,300.
About 46,000 of those jobless workers collected $12.8 million in unemployment
benefits last week. The average weekly benefit is about $238. Compared to the
same week in 2009 the number of claimants was down only about 1.8 percent as
workers exhausted their regular state unemployment benefits and moved to federal
extended benefits. Benefit payments were also nearly 7 percent lower than the
same week in 2009 totaling $294 million for the first four months of 2010.
Job growth was recorded in
both rural and urban
The unemployment rate in the two largest urban areas dropped back into single
for the first time this year and in
for the first time since last August.
44 counties posted jobless rates in double digits, down from 16 in March. Valley
was the highest at 17.6 percent.
and Clark were the lowest at 5 percent. In March, three counties had rates over
18 percent, including
Five other counties also had rates under 6 percent.