Idaho unemployment rate pegged at 9 percent
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Story Created:
Nov 18, 2009 at 8:30 PM MST
Story Updated:
Nov 18, 2009 at 8:30 PM MST
11/18/09
The Labor Department 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
percent 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.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
APNP-11-18-09 1744MST<
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