Monthly Archives: June 2023

Around Idaho: Economic Activity, June 2023

Information provided in these news updates is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Eastern Idaho

NORTHERN IDAHO Benewah, Bonner, Boundary, Kootenai & Shoshone counties


  • Labor demand in northern Idaho remains robust, with elevated levels of unfilled jobs. All told, there were 2,292 job postings in northern Idaho in June 2023 – according to data from the Conference Board – of which 1,869 were posted in Kootenai County. The most in-demand occupations were laborers, freight, stock and material movers. These were followed by registered nurses and a variety of high-turnover and common service sector positions.Table - top 10 occupations by job postings in norhtern Idaho, June 2023

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Idaho paid top median wages for 11 occupations in 2022

Idaho may not have the highest overall wage rates in the nation, but 11 of the Gem State’s in-demand occupations command premium pay levels above those of all other states. High wages compared with other states, however, indicates these occupations in Idaho are in demand and employers are having to raise wages to attract the level and skills of workforce they require.

Occupations offering the first or second highest median wages for all states

Of the over 600 occupations in Idaho where wage data is publicly available, Idaho pays the first- or second-highest annual median wages by state for 11 specialized job titles. Idaho is ranked No. 1 in median wages for airline pilots, motor vehicle electronic equipment installers, and forest and conservation workers.

Idaho’s median wages are second highest in the nation for physicists, mining and geological engineers, electrical and electronics drafters, mining machine operators, hearing aid specialists, mail sorters, and logging equipment operators and log graders/scalers. All these occupations pay wages higher than the average U.S. median.

Table: 11 occupations with highest annual wages in Idaho Continue reading

Idaho’s private establishment growth exceeds the national average in 2022

This analysis article includes updated data from an article published on this blog in January 2022, “Job Creation and New Startups in Idaho”

New private establishment formations

Idaho had considerably more startups relative to the local labor force than the nation overall, with the years 2010 through 2012 being one notable exception. Unlike past business cycles, the pandemic saw many Idahoans and Americans starting businesses as opportunity costs fell. Work furloughs and layoffs initially reduced employment opportunities and low interest rates lowered the threshold return on investment for prospective business ventures.

By 2022, there were more than 10 new private establishments in Idaho for every 1,000 Idahoans in the labor force. Nationally, it was over six new private establishments for every 1,000 Americans in the labor force.

Between 1994 and 2022, the annual number of new private establishments in Idaho (i.e., those less than a year old since opening) grew from 3,249 to 10,088, a 210.5% increase or about 4.1% on an annual basis. By comparison, the number of new establishments nationwide grew 87.3% or about 2.3% on an annual basis. This can be seen in Figure 1, with Idaho plotted along the left vertical axis and the United States along the right.

Generally, the formation of new private establishments has tended to be pro-cyclical — rising in economic booms, falling during recessions. Both the state and nation experienced declines in the number of new private establishments during the recession in the early 2000s and, more prominently, again during the Great Recession (2008-3009). However, growth rates within Idaho and across the country ramped up during the pandemic despite a deep contraction in economic activity in 2020. This exception to the rule could be attributable to the unique set of circumstances of the time that reduced the opportunity cost of starting a new business for many individuals, mainly a lack of employment opportunities due to large furloughs of the workforce. In addition, successive rounds of household stimulus payments and cheap credit allowed many new businesses to get off the ground. Continue reading

St. Anthony volunteer recognized for contributions


For Immediate Release: June 16, 2023
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Amy Clements from St. Anthony was honored for her volunteer service as part of the Idaho Capital for a Day event hosted by Gov. Brad Little Thursday.


Amy Clements, center, was presented with Idaho’s Brightest Star award Thursday with Serve Idaho Commission Farhana Hibbert of Pocatello and Gov. Brad Little.

Serve Idaho, the Governor’s Commission on Service and Volunteerism, recognized Clements with the Idaho’s Brightest Star Award for her exemplary volunteer service. She serves at multiple organizations including the Idaho Arts Lab, Fiber Arts Guild of Idaho Falls, Rockie Mountain School of Dance and Adams Elementary School in Rexburg.

The Idaho Art Lab nominated Clements for the extensive work she has done in leading the ceramic fettling team, which in turn has allowed them to generate revenue for the organization.

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Post Falls hiring event offers multiple job opportunities


For Immediate Release: June 16, 2023
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Over 100 jobs will be available for job seekers from 10 a.m. to 1 p.m. on Wednesday, June 21 at Labor’s Post Falls Hiring Event. The event takes place at the Idaho Department of Labor office, located at 600 N. Thornton St.

Employers planning to attend include Cabela’s, Sleep Inn Post Falls, Environmental Control, Sherwin Williams, Sage Truck Driving School, North Idaho Dental Personnel, Bonner County Human Resources, Badger Building Supply, Texas Roadhouse, Arrow Construction Supply and more. All of the employers planning to attend are listed in the Idaho Department of Labor’s calendar of events.

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Idaho’s May unemployment rate remains at 2.6%


For Immediate Release: June 16, 2023
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Idaho’s seasonally adjusted unemployment rate was 2.6% in May, remaining unchanged for the fourth consecutive month.

May’s labor force – workers who are employed or unemployed but looking for work – increased by 1,719 people (0.2%) to 962,466.

Idaho’s labor force participation was unchanged between April and May, remaining at 62.5%.

Total employment increased by 1,215 (0.1%) to 937,462 as unemployment increased by 504 (2.1%) to 25,004.

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Jobs in trades and manufacturing will be offered at CWI Career Fair June 20


For Immediate Release: June 14, 2023
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Many job opportunities will be available at the College of Western Idaho (CWI) Trades and Manufacturing Career Fair, Tuesday, June 20 from 1 to 4 p.m. at the Micron Educational Center located at 5725 E. Franklin Road.

Job seekers can expect to meet representatives from Amalgamated Sugar, Caldwell Transportation Company, CS Beef Packers, Guerdon LLC, The Stow Company, Western States Equipment and more.

Some employers will interview applicants on site, and attendees are encouraged to bring resumes. Continue reading

U.S. Census reports most Idaho cities growing despite some losing residents


For Immediate Release: June 13, 2023
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The U.S. Census Bureau released population estimates for Idaho cities and towns for 2021-2022 – confirming that state population is still growing.

Boise’s net population loss came as a surprise considering the many top 10 lists curating it as the place to land. Boise is Idaho’s largest city and center of government with a variety of multi-family housing under construction or in the design/permitting phase. New subdivisions pepper the southern border of the city and annexation is underway to include 350 acres near the planned $15 billion Micron fabrication plant.

Six Idaho cities contributing the most growth are in southwestern Idaho, three are in northern Idaho and one is in south central Idaho. Of the top 20 largest cities, only three have populations of more than 100,000 — Boise, Meridian and Nampa (Table 1).

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Idaho Falls hiring event June 14 features employers with multiple job openings


For Immediate Release: June 8, 2023
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Eastern Idaho employers with the highest number of job openings in the region will be at a hiring event Wednesday, June 14 from 11 a.m. to 2 p.m. at the Idaho Falls Department of Labor office located at 1515 E. Lincoln Road.

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Idaho’s 2022 average hourly wage increases to $24.69


For Immediate Release: June 6, 2023
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Idaho’s average wage for all occupations increased by $1.64 to $24.69 per hour for 2022, according to recently released data from the Bureau of Labor Statistics’ Occupational Employment and Wages Statistics (OEWS) survey.

The release includes 2022 data on employment and wages by occupation for the state, seven Metropolitan Statistical Areas (MSAs) and two rural county regions. Idaho Department of Labor analysts compile and release data for an additional six labor market regions, which are not official Bureau of Labor Statistics areas but have great importance to Idaho. Continue reading