Idaho’s labor market keeps growing. In May, the state’s year-over-year employment growth remained strong at 2.5 percent - the 5th highest rate in the nation.
The unemployment rate remains well below the national average at 2.8 percent. Idaho added 17,200 jobs over the past year, with the professional and business services (+5,200), education and health services (+3,000), and manufacturing (+2,200) sectors experiencing the largest employment gains. Only the information (-900) and natural resources and mining (-100) sectors experienced job losses. Home prices in Idaho continue to rise at the fastest rate in the nation. In May, the median home value rose by 15.8 percent from the year before versus 5.4 percent nationally.