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Idaho Employment
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April 2023
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A monthly update of how Idaho's economy is doing in your area
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Idaho's February unemployment rate down to 2.6%
Idaho’s seasonally adjusted unemployment rate was 2.6% in February, edging down from January’s revised rate of 2.7%.
January’s labor force – workers who are employed or unemployed but looking for work – increased by 1,681 people (0.2%) to 958,117.
Idaho’s labor force participation was unchanged between January and February, remaining at 62.6%.
2022 county estimates indicate Idaho's population growth is slowing
 Net migration was the driver behind 34,719 people added to Idaho’s population from July 2021 to July 2022, accounting for 88% of its growth, according to U.S. Census Bureau population estimates released this week.
The gains were mostly from domestic in-migration – people moving to Idaho from other states – rather than from another country or international in-migration.
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Idaho's smaller employer establishments continue to grow
Small businesses continue to be the core drivers of employment growth throughout Idaho when considering both new establishments and overall contribution to total employment. However, large entities may have had more success in recruitment during the tight labor market of the past year due to name recognition, overall position growth and movement within the company, along with larger job listing budgets.
The average employer establishment in Idaho had approximately 11-12 workers over the past year, and more than 90% of Idaho’s covered employers have hired fewer than 20 people per year on average over the past four quarters.
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