The U.S. Labor Department has released new October unemployment figures that put the state’s jobless rate at 9 percent.
The adjusted unemployment figure was released Wednesday. The Labor Department’s seasonally adjusted rate is a tenth of a percentage point higher than the state forecast released earlier this month.
Overall, the state estimates that a record 67,800 Idaho workers are out of work, with total employment dropping below 686,000, the lowest since February 2005.
The last time Idaho’s unemployment rate was at 9 percent was in 1983.
The state’s steady jobless rate has also taken a toll on the unemployment insurance trust fund. Since December 2007, the fund has paid out a record $558 million in state and federal benefits to more than 100,000 claimants. (AP)
Idaho unemployment figure adjusted to 9 percent
Published: November 18, 2009Posted in: Employment, Idaho, News
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