Little Improvement in South Central Idaho Bankruptcy Level

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The number of bankruptcies in South-Central Idaho still remains high for this year as the unemployment rate showed little improvement. The sector most hard hit is construction, as many contractors, plumbers, builders and others working in the construction industry have lost their jobs.

Even though the South-Central region has posted a lower jobless rate for the third consecutive month in May, the rate did not change very much from previous months. The Twin-Falls micropolitan area and its surrounding regions experienced a one-tenth percentage point rise in its unemployment rate to 7.8% whereas in the Burley micropolitan area, the rate was 7.2% after a rise of three-tenth of a percentage point.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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