Monthly Archives: May 2015

Deciding on a College? A Campus Visit May Help

Are you among the thousands of students who will visit colleges this summer?

Visiting a new place and imaging living there for four years can be daunting. Chances are you, like many of your fellow students, have never been as completely on your own as you will be the fall after your high school graduation, so it is important to check out some of the places you are considering. One great way is a visit to the school to find out if it’s a good fit for you.

How to get started

The best time to visit a prospective college or university is during a middle-of-the-term week, so you can observe typical day-to-day campus life. Figure out when you and a parent or other interested adult can get away from school and work, then contact the school to make appointments with a financial aid counselor and the admissions office. Most schools have information on their website for prospective students that includes how to set up appointments and tours.

And don’t forget your own special interests—you may want to visit when you can watch the spring theatre production rehearsal or a lacrosse team practice. Don’t plan to visit during homecoming week or during exams (many students and staff will be too busy to spend time with you). Remember that people you want to visit with might be unavailable during winter or spring break.

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Small Businesses Important to Idaho’s Economy

Nearly 7,000 new businesses established in Idaho through the worst years since the Great Depression still existed in 2013. These companies represent 13 percent of all employers and employed 49,000, according to the Bureau of Labor Statistics Business Employment Dynamics program.

Small businesses – those with fewer than 50 employees – make up 96.7 percent of all Idaho businesses. They employ over 280,000 people, more than half of all workers in the state. Continue reading

Who are the Self-Employed in Idaho?

Idaho has a relatively high rate of self-employed workers at 12.1 percent compared to the nation’s 9.7 percent to rank sixth among the 50 states.

A nationwide survey of small business owners in June 2014 ranked Idaho the second friendliest state for small businesses. Neighboring Utah was first. The survey found Idaho had the highest share of entrepreneurs who receive their primary income from their businesses, and the state had the second highest share of business startups. Continue reading

Education Levels Rising in Idaho

The education level of Idaho’s workforce rose steadily after World War II as more youth completed higher levels of education than previous generations and replaced retiring workers with less education.

Educational levels have grown more slowly in the past couple decades, and today’s retirees have roughly the same educational level as the young adult population of the generation preceding them. Continue reading

Around Idaho: April Economic Activity

Information provided in this article has been gathered from various sources throughout the state, including professional sources, news releases, weekly and daily newspapers, television and other media.

Statewide
Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern Idaho
Eastern Idaho

STATEWIDE ECONOMIC HIGHLIGHTS

  • The Food and Drug Administration has approved genetically engineered foods as safe. The action covers six varieties of J.R. Simplot potatoes.
  • Idaho’s construction industry went on a hiring spree during what the National Weather Service recorded as the warmest February ever for Boise. The Idaho Business Review reported that 5,000 more construction jobs were created in Idaho in February compared with a year earlier. The 14.3 percent gain was the second highest in the country, according to the Associated General Contractors of America. The U.S. Bureau of Labor Statistics estimated the growth at 3,700 jobs, and the Idaho Department of Labor estimate was 1,000.

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Eastern Idaho Labor Market Improving

The education people receive and the skills they attain greatly influence their economic well-being, but successfully navigating the labor market is no simple task, and understanding the history of eastern Idaho’s labor market, its current growth and the specific industries that are growing can make it easier.

Recent History

After several years of slow growth, the U.S. labor market appears to be picking up. The U.S. Bureau of Labor Statistics reported a 295,000 increase in February’s nonfarm payroll employment, marking the 12th straight month payrolls grew by more than 200,000 – the first time since a 19-month run in 1993 to 1995. Continue reading