Category Archives: Employment News

Around Idaho: Economic Activity in June 2018

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

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

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

Bonner County

  • Bonner Homeless Transitions and the Bonner Community Housing Agency have announced a partnership to expand the local rental pool for low income families and offer transitional housing in Sandpoint. The partnership will explore avenues to purchase single-family homes and convert them to rental houses available to those earning less than 80 percent of the area’s median income. Source: Bonner County Daily Bee

Kootenai County

  • Construction has begun on a new 294-unit apartment complex in Coeur d’Alene. The complex, which will be called The Northern at Coeur d’Alene Place, will be built through 2020 by Coeur d’Alene developer Anderl Development LLC. Source: Spokane Journal of Business
  • Crews broke ground on a new 50,000-square-foot industrial building in the Riverbend Commercial Park in Post Falls. The project is expected to be completed in August and is anticipated to accommodate up to five tenants. Kootenai County currently has low inventories of available industrial and warehousing space. Source: Spokane Journal of Business
  • A new medical office building is under construction in the Riverstone Development in Coeur d’Alene. The new building will house Ellenbrecker Eye Clinic. Source: Spokane Journal of Business
  • Openings
  • Once Upon a Shoe – a new retail establishment in Hayden
  • Ten/6 – a Cajun style restaurant in Coeur d’Alene
  • NYC Piano Bar in Coeur d’Alene

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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Impact of Recession on Southeastern Idaho’s Construction Industry

Idaho’s construction industry was one of the hardest hit during the Great Recession. At the start of the recession in 2007, there were 650 construction industry employers in southeastern Idaho with an average of at least one employee. By 2013, more than half had no employment records, meaning most likely the employer went out of business or moved out of the region. The number of start-up construction companies in southeastern Idaho also declined in the same period.

Southeastern Idaho Construction Industry Post-Recession

Since the trough of 2013, southeastern Idaho construction employment has been in recovery and the number of construction start-ups have been on the rise, but the industry has a long way to go. Between 2013 and 2017, construction employment grew by 17 percent – a net growth of 460 jobs. The 3,167 construction jobs in 2017, however still is 20 percent – or nearly 800 jobs – below the employment levels of the industry’s peak in 2007.

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Twin Falls, Jerome counties elevated from micropolitan to metropolitan area

“Metropolitan” is the new delineation for the Twin Falls area comprised of Twin Falls and Jerome counties, announced in the Federal Register by the Office of Management and Budget (OMB) dated August 2017. Before that, this geographic area or ‘delineation’ was designated the Twin Falls Micropolitan Statistical Area (MicSA).

In practical terms, what does this change mean?

The most important clue is found in the second word — Metropolitan Statistical Area (MSA). The purpose of the delineation is strictly for statistical activities, although a number of agencies both inside and outside the federal government make use of the delineation for nonstatistical program applications.

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Around Idaho: Economic Activity in May 2018

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

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

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

Bonner County

  • In response to substantial flooding in Lake Pend Oreille and the Pend Oreille River, strict no-wake zones are being enforced to mitigate property damage. The new rules impose a no-wake zone up to 500 feet from the shore. Source: Bonner County Daily Bee

Kootenai County

  • Idaho Central Credit Union is constructing a new office in Coeur d’Alene. The $8.6 million building will house a full service credit union branch and business and mortgage lenders along with administrative staff. The new Coeur d’Alene office will be ICCU’s fourth Kootenai County branch. Source: Spokane Journal of Business
  • Hayden-based Blackstone Properties is constructing a new 65,000-square-foot storage facility in Hayden. The complex will offer ministorage, along with boat and RV storage. Source: Spokane Journal of Business
  • Silverwood Theme Park had its full-time opening May 28 followed by Boulder Beach, which opened June 9. The theme park is hiring roughly 1,500 people for its summertime operations and noted that preseason ticket sales have surpassed projections. Park management believes this portends potentially record attendance. Source: Spokane Journal of Business

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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An Alternative Measure of Idaho’s Labor Supply

In the nine years of growth following the recession of 2008-09, Idaho’s economy has created roughly 118,000 jobs. This amounts to a total growth of 17 percent over the low point of the recession, when Idaho’s total employment fell to 686,600 in March 2008. In comparison, total employment across the United States has grown by roughly 13 percent above its recession low point. Comparing growth rates – whether between states, regions or counties – only tells part of the story, however. Idaho’s job creation performance can be better evaluated in context of the state’s demographics.

The premise of this analysis is relatively straightforward. The notion of a healthy labor market – usually termed “full employment” – infers that jobs are abundant enough to employ everyone who wants to be employed. This implies job creation should be measured against the number of potential workers.

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Around Idaho: Economic Activity in April 2018

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

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

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

Benewah County

  • Marimm Health – the Coeur d’Alene Tribe’s health agency – has revealed plans to build a $15.8 million youth center in Worley. Marimm said the goal of the project is to reduce high crime and substance abuse rates among the youth in Worley and its outlying areas. Source: St. Maries Gazette Record

Kootenai County

  • Rocky Mountain Liquidation – a Hayden-based overstock retailer – has opened a second retail outlet in the Riverbend Commerce Park in Post Falls. The store sells consumer goods like clothing and housewares that are acquired as overstock from major retailers. Source: Spokane Journal of Business
  • The Coeur d’Alene Resort announced a timeline to complete an extensive round of renovations in May. The resort is improving all 338 of its guest rooms. These improvements include new carpeting, furnishings, and renovations to the pool and fitness center. Source: Spokane Journal of Business
  • Hayden-based Empire Airlines has announced a collaboration with FedEx to train pilots. The program – called the FedEx Express Pathways Purple Runway Program – aims to recruit pilots from universities and aviation colleges and train them for advancement in the FedEx fleet. Empire Airlines provides air cargo services for FedEx. Source: Spokane Journal of Business

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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Demographics of Today’s Young Adults Show Shift From Earlier Generations

Young Idahoans today differ considerably from previous generations in demographics, attitudes and behaviors. Like their peers across the United States, they are more likely to be college graduates and more likely to be living with their parents. They are postponing marriage, childbearing and home ownership. Their behavior affects the construction industry; makers and sellers of appliances, furniture, wedding services, and household items; manufacturers and retailers for toys, diapers and other children’s products; the quality of Idaho’s current labor force; and the size of its future labor force.

Delaying marriage

Today’s young adults are waiting longer to marry. In 1960, only 3.1 percent of Idaho women aged 25 to 34 had never married.  By 2010, 23.3 percent had never married. The next age cohort shows a similar pattern. In 1960, only 2 percent of women aged 35 to 45 years had never married. By 2010, 9.7 percent had never married.

 

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Around Idaho: Economic Activity in March 2018

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

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

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

Kootenai County

  • Innovative Electrical Solutions LLC – an electrical contractor – has leased a new complex in Hayden where it plans to consolidate its operations, which are currently distributed across multiple office and warehousing spaces in Kootenai County. Source: Spokane Journal of Business
  • Kootenai County Commissioners voted 2-1 to change the county building permit system to allow residential builders to opt-out of acquiring permits. The opt-out provision will apply only to buildings in unincorporated areas. Source: Coeur d’Alene Press
  • Demolition has begun on the former Wild Waters waterpark. The park has been closed since 2010, but the demolition of the park and the leveling of the lot will finally allow the property to be placed on the market. Source: Coeur d’Alene Press
  • Prairie West Crossing developers formally unveiled their proposal for a technology park in north Post Falls. The Planning and Zoning Commission held a public hearing on the proposal, which includes multiple zoning and annexation actions on the part of the city. The technology park is designed to attract technology and aerospace manufacturers to Post Falls. Source: Coeur d’Alene Press

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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Idaho Population Changes: Where are People Coming From and Going To?

Population Growth – Idaho Tops Nation

Last December, the U.S. Census Bureau reported Idaho’s population totaled 1.72 million, and grew at a rate of 2.2 percent from mid-2016 to mid-2017. This was the fastest growth rate in the nation and three times faster than the national average of 0.7 percent. Of Idaho’s neighboring states, Nevada was second with 2.0 percent growth and Utah, with 1.9 percent, was third. Wyoming’s population declined by 1 percent to 579,300 – one of just five states to see a decline during this time.

The Census Bureau’s components of change only reveal broad categories of Idaho’s population growth – natural increase and net-migration.  Of the 36,917 new residents to Idaho, only 28 percent was the result of natural increase – births minus deaths – while 72 percent was from in-migration, primarily domestic.

Idaho’s Total In-Migration

So where are these people coming from who are moving to Idaho? The 2016 American Community Survey state-to-state migration tables, the most recent data available, can provide some answers. According to the Census Bureau, about 80,000 people were new residents to Idaho in 2016. Of those, 17,000, or about 21 percent, were from California – the largest single source of new Idaho residents, followed by Washington at 9,300.  Almost 8,500 of new Idaho residents came from a foreign country, the third largest source of in-migration, representing 9.5 percent of the total. Eight of the top 10 sources of in-migration were western states. Continue reading

Around Idaho: Economic Activity in February 2018

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

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

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

Kootenai County:

  • Construction has begun on a $12 million expansion and improvements at Kootenai Health. The project, which will add an additional inpatient unit at the hospital, is scheduled for completion in early 2019. Source: Spokane Journal of Business
  • Salmon Electrical Contractors – a Utah-based general, electrical and mechanical contractor – has expanded to Kootenai County, after leasing a new facility in Hayden. Source: Spokane Journal of Business
  • Smart Law LLC, a new company that conducts real estate transactions through the Ehtereum Cryptocurrency network, has opened an office in Hayden. Source: Spokane Journal of Business
  • Construction is underway on a new two story commercial building in Coeur d’Alene’s Riverstone development. Coeur d’Alene-based Orthopedic Physical Therapy Institute will occupy the ground floor, while the second floor remains available for a future tenant. Source: Spokane Journal of Business

Openings

  • Firehouse Subs, Coeur d’Alene.
  • Badass Backyard Brewing, Coeur d’Alene.

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext 4451

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