Going back a few years, remembering the fall of 1983 – October specifically – in Idaho. I was in Pocatello then, and the city seemed almost to be gasping for air . . . which is to say, business and jobs. A chunk of the downtown shuttered; a big factory in operation since World War II shut down. Hard times.
With that in mind, news today from the Idaho Department of Labor:
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June’s rate was the highest jobless rate since October 1983 when the state was pulling out of the double-dip recession that ushered in a major economic shift from natural resources to services augmented by some expanded advanced manufacturing – particularly in the high technology sector.
Another 3,400 Idaho workers lost their jobs in June, driving the number of unemployed to over 62,000 for the first time ever. Over 40,000 of those workers shared $59 million in unemployment insurance benefits paid out during the month. A year ago, Idaho’s unemployment rate was 4.7 percent, and the number of workers without jobs was under 36,000.