For Immediate Release: Aug. 2, 2023
Media Contact: Craig,Shaul@labor.idaho.gov
“Is the U.S, headed for a recession?” has been making headlines for some time, in part from COVID-19 pandemic fallout. Inflation has slowed, which is a positive sign, but how resilient is Idaho’s economy.
Currently, unemployment in Idaho is at 2.7%, and the monthly job reports are robust and the state has seen strong GDP growth.
The Idaho Department of Labor, will explore this data during our monthly labor market webinar on Tuesday, Aug. 8 from 11 a.m. to noon (MDT) over Zoom.
This presentation, presented by labor economist Sam Wolkenhauer, will examine how and why the state’s economy has proven so durable despite the many recession fears that have circulated.
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This webinar is 100% funded by the U.S Department of Labor as part of an Employment and Training Administration grant award totaling $695,785.