Idaho unemployment rate drops to 4 percent for October as construction jobs

Humboldt County’s preliminary October unemployment rate is up slightly, but still remains below the California unemployment rate and lower than the year-over rate at this time last year, according to numbers released by the state Employment Development Department.

The U.S. Labor Department said Nebraska’s October rate came in just above North Dakota’s 2.8 percent.

Brevard County’s unemployment rate dropped from 6.4% in October 2014 to 5.4% in October 2015, which was entirely due to a reduction in the labor force (-2,903 people) outpacing job losses (+129 jobs) during the same period. Utah’s unemployment rate is 3.6 per cent, and Idaho’s is 4 per cent.

More: View the full report. The state’s job increases have yielded a 1.7 percent annual growth rate continuing its string of positive annual growth for 66 consecutive months. The largest over-the-month percentage increase in employment occurred in Idaho (+1.1 percent), followed by Alaska (+0.9 percent) and Wyoming (+0.8 percent).

Thirty-two states and the District of Columbia had unemployment rate decreases from September, three states had increases, and 15 states had no change.

“I will say statewide we saw actually the most growth over the year in professional and business services”.

“When you see an unemployment rate as low as it is now, you don’t expect it to go much lower”, Deck said.

The government sector lost 2,500 jobs over the year, or almost 1 percent, while the manufacturing sector shed 1,000 jobs, or about half a percent. Denair had a rate of 4.8 percent, up from 4.3 percent recorded in September.

Florida’s jobless figure with seasonal adjustments also decreased, dropping from 5.2 percent in September to 5.1 percent in October.

“Barring catastrophe [in upcoming data releases], everything looks set for the Fed to raise rates in December”, Curt Long, chief economist at the National Association of Federal Credit Reserves, wrote in a research note earlier this month.

“Given the “crisis of confidence” we now have within Connecticut’s business community, I’m genuinely concerned about our ability to generate tangible job gains over the next 12-18 months”, Klepper-Smith said.