The agricultural sector in Idaho plays a major role in the state economy, contributing $3 billion – about 5 percent of the total state gross domestic product.
Idaho is ranked first in the nation in the production of potatoes and barley – the state production accounts for more than 30 percent of the national production – and ranks fourth in the nation for milk and milk cow production. Farm productivity continues to advance and exports are increasing, yet farm income has fallen over the past several years. In the face of declining profit margins, low agriculture commodity prices and a farm labor supply shortage, the farmworker demographic is undergoing a change.
Agricultural Labor Worker Types
Source: Idaho Department of Labor
Agricultural labor estimates show a stable and consistent pattern of seasonal farm employment with peaks around October each year. In 2016, average annual employment was 51,240 with a peak employment of 61,100 in October 2016. Continue reading →
The retail industry has been on a roller coaster ride over the past 25 years with a slightly negative trend line as shown in Figure 1. The housing bubble created tremendous demand for household furnishings and goods, which then plummeted with the Great Recession that caused shuttering of a handful of furniture stores and car lots in Twin Falls. Small retail businesses throughout south central Idaho suffered from the economic downturn ending in fewer local retail outlets available in rural areas.
Several area ski resorts have begun their winter seasons. Lookout Pass opened the first weekend of November, while Silver Mountain and Schweitzer opened Thanksgiving weekend. Source: Spokane Journal of Business
Water Solutions Inc. is building an office building with an attached manufacturing space in Rathdrum. The company, which sells drinking water purification units, began as a sole proprietorship in 2001 in Rathdrum and anticipates a workforce expansion commensurate with their growing business and new facilities. Source: Spokane Journal of Business
The city of Hayden issued building permits for a $13.7 million, 96-unit apartment complex. The complex is the first phase in a larger development plan by Coeur d’Alene-based Hayden Village LLC, which will eventually develop 64.4 acres in Hayden. Source: Spokane Journal of Business