Category Archives: Employment News

Idaho Population Shift from Rural to Urban Counties Continued in 2018

In-Migration Accounted for 73 Percent of Idaho’s Population Increase

Idaho’s population continued to become more urbanized from mid-2017 to mid-2018, with nearly 73 percent of the growth coming from outside the state, newly released data from the U.S. Census Bureau shows. The data provides additional detail at the county level to the January release that showed Idaho’s 2.1 percent population increase tied with Nevada as the fastest-growing state in the nation.

The Boise Metropolitan Statistical Area (MSA) population grew by 2.9 percent – the eighth fastest among the nation’s 383 other MSAs. The five counties that comprise the Boise MSA – Ada, Boise, Canyon, Gem and Owyhee counties – increased by 20,346 people accounting for 58 percent of the state’s total increase of 35,304. The concentration of more than half of Idaho’s growth in the Boise MSA typifies the continued steady shift toward urbanization of the state’s population from rural to urban counties.

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Around Idaho: Economic Activity in April 2019

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

  • Post Falls based manufacturer Quest Integration Inc. leased a new facility in the Tedder Office Park and plans to expand its 3D printing operations with the new space. Source: Spokane-Kootenai Journal of Business
  • Washington-based Crawl Space Cleaning Pros has leased warehousing space in Post Falls and is in the process of opening its first Idaho location. The company specializes in environmentally friendly cleanup and insulation of crawl spaces. Source: Spokane-Kootenai Journal of Business
  • After a series of public hearings, the Coeur d’Alene Panning Commission approved plans for a new apartment complex in the city’s Riverstone development. The new complex will feature five-story apartment blocks as part of the city’s recent move toward higher-density construction. Source: Coeur d’Alene Press
  • Kootenai County released a proposed update of its comprehensive plan, titled Keeping Kootenai, for community input. In 2010, the county released a strategic plan which consisted of 347 different goals and policy statements, which county officials said were difficult to interpret and implement. The new strategic plan is designed to be simplified and streamlined for ease of implementation. 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 Construction Employment Building Back to Pre-Recession Level

The level of construction activity is one of many indicators that signal the health of an economy. Currently, Idaho’s scenery is dotted with construction projects ranging from heavy construction infrastructure ventures to commercial buildings to single- and multi-family homes and residential housing projects.

This was not the case after the Great Recession (December 2007 to June 2009) squelched Idaho’s strong housing industry, resulting in a loss of almost 23,000 jobs based on quarterly employer reports to the Idaho Department of Labor. Construction was one of the hardest hit industries during that time and continues to rebuild in all six Idaho regions.

Idaho’s construction industry has grown by 127 percent from 1991-2018. It has experienced more periods of growth than downturns in jobs since 1991, as shown in Chart 1.

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Around Idaho: Economic Activity in March 2019

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

  • Medical services continue to expand in Kootenai County. Inland Northwest Therapy, a pediatric physical, speech and occupational therapy clinic, is opening a new location in Post Falls. Resilience Psychiatric Medicine is also opening a new facility in Coeur d’Alene. Source: Spokane Journal of Business
  • Hospice of North Idaho has started construction on a $1.8 million expansion to its inpatient facilities to help meet Kootenai County’s growing need for end-of-life care. The expansion will add patient rooms and additional space for families, and it is expected to be completed by September. Source: Spokane Journal of Business
  • Coeur d’Alene City officials are working with the Idaho Transportation Department to rework traffic signaling on key transit corridors. Traffic congestion in Coeur d’Alene has increased substantially as the population has grown, and city officials believe that turning control of the signaling over to ITD will help alleviate congestion. Source: Coeur d’Alene Press
  • After failing to find a buyer, Shopko announced it will be closing all of its remaining stores over the summer, and the closure of its Coeur d’Alene location is now slated for June 16. The Coeur d’Alene Shopko was initially not on the company’s closure list when it announced a restructuring plan in January. Source: Coeur d’Alene Press
  • Viking Builders will construct a new subdivision in Hayden. The new development will include 52 single-family homes on a 20 acre parcel, in addition to lots for commercial space. Construction will begin after the completion of a new sewer lift station this spring. (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 Records 37 Work-Related Fatalities in 2017

Idaho’s 37 work-related fatalities in 2017 was up seven from 2016, according to newly released data from the U.S. Bureau of Labor Statistics. Among data collected:

  • Transportation incidents accounted for 17 fatalities and 10 were caused by contact with objects and equipment.
  • Among private industry, the agriculture, forestry, fishing and hunting sector had the largest number of fatalities in the state with 15.
  • Men accounted for 97 percent of the work-related fatalities.

Find additional information and national comparisons in the the full news release on the  BLS website.

Additional information on the BLS website includes:

Around Idaho: Economic Activity in February 2019

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

    • Coeur d’Alene-based business incubator Innovation Collective has announced plans to expand and open operations into nine new communities including Sandpoint, Lewiston, Pocatello and Kellogg. The Innovation Collective provides a variety of services aimed at promoting creativity and collaboration while providing space for entrepreneurial activity. Source: Spokane Journal of Business
    • The city of Coeur d’Alene announced that work on the development of the city’s Atlas Mill site is expected to begin this year. The site – a stretch of undeveloped waterfront property along the Spokane River – was purchased by the city in 2018. The new plans outlined by the city call for the space to be developed into a park with a trail system and swimming areas. Source: Coeur d’Alene Press
    • Ignite CDA – Coeur d’Alene’s urban renewal agency – is seeking public input on two competing developments proposed for midtown Coeur d’Alene. The agency is seeking to develop a mixed-use development with both commercial space and residential units, and is seeking public input on two competing proposals for the development. Source: Coeur d’Alene Press
    • Work is moving forward on the demolition of defunct structures on the site of the former Garden Motel in Coeur d’Alene to clear space for the construction of a new 113-room Marriott Fairfield hotel. The project was delayed after Marriott updated its hotel prototypes, which compelled developers to seek new building permits for the Coeur d’Alene site. Developers anticipate the new hotel opening in spring 2020. 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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Interest Rates and Idaho’s Housing Market

As an era of low interest mortgage rates appears to be ending and housing prices and interest rates shift steadily higher, many homeowners may find their affordable monthly mortgage payment increasingly difficult to cover.

A prolonged post-recessionary period of low interest rates increased homebuyer purchasing power allowed home prices to rise far beyond levels household income might otherwise allow. The result is a housing market where prices are detached from household income and interest rates – rather than income – are a main driver of economic activity.

Mortgage rates were in a long slow decline prior to the 2007 – 2008 housing market crash which provoked even lower rates. For nearly 10 years afterwards, homebuyers consistently enjoyed mortgage rates well below 5 percent.1

chart of 30-year mortgage rates

Source: Federal Reserve Bank of St. Louis

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A Deeper Look: Idaho Job Skills by Region

What are the essential job skills of today and how prepared is Idaho’s current workforce to tackle the skill requirements of future work?

An increased emphasis on making sure employees have the skills they need today is shifting the conversation toward identifying the most relevant skills necessary for the jobs of tomorrow.

This analysis draws on information from the U.S. Department of Labor’s Occupational Information Network (O*NET) database, a useful tool in identifying work competencies in the labor market. O*NET uses surveys of employees and occupational experts to determine the important characteristics and requirements of more than 900 occupations. Its content model identifies, among other things, the different mix of knowledge, skills and abilities required by each occupation as a standardized, measurable set of variables. This article focuses on just the skill requirements.

What are the essential job skills required in the marketplace?

Skills are broadly defined as strategies and procedures for acquiring and working with the knowledge that comes with experience and practice (Tippins & Hilton, 2010). The O*NET skills taxonomy identifies 35 skills considered necessary for a wide range of jobs and tasks. These skills are divided into basic and cross-functional skills. Basic skills describe the capacities an individual has that assist in the learning process and acquisition of knowledge. Skills such as reading comprehension, writing, active learning and critical thinking are included in this grouping. Cross-functional skills refer to competencies such as social skills, complex problem solving, technical skills, systems skills and resource management skills.

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Around Idaho: Economic Activity in January 2019

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

  • Thomas Tedder, founder and CEO of Post Falls holster manufacturer Tedder Industries, has sold a majority share in the manufacturer to a Texas-based investment group. Tedder said he would phase out of the CEO role over the following months and focus on his real estate concerns at his other company, Tedder Properties. Source: Spokane-Kootenai Journal of Business
  • Two new urban renewal districts have been proposed in the city of Rathdrum. Amid record growth, Rathdrum’s urban renewal agency has conducted eligibility studies to create two new renewal districts aimed at improving a total of 155 acres worth of lots. Currently, construction on the lots in question is blocked by gas and power lines that create “hurdles” to development, which would be remediated by the proposed renewal projects. Source: Coeur d’Alene Press
  • Kootenai County’s commissioners are preparing to revisit the controversial new building permit opt-out provisions. The provision, adopted last year, allows builders on unincorporated lots in Kootenai County to opt out of county building codes. The new board of commissioners – two of the three commissioners are newly elected – plans to revisit the opt-out provision, starting with a series of public hearings. Source: Coeur d’Alene Press
  • North Idaho College was awarded a three-year federal grant worth $675,607. It will use the funds to launch a new NIC Venture Center, which will support the college’s entrepreneurial programs. The Venture Center will feature new educational programming for entrepreneurship, as well as a rapid prototype lab for manufacturing. In 2017, NIC was named Entrepreneurial College of the Year by the National Association for Community College Entrepreneurship. Source: Coeur d’Alene Press

Openings in Coeur d’Alene

  • Terre Coffee and Bakery
  • Great Expectations Painting
  • Schwartz Law

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

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Idaho Population’s Growth Rate Tied for Fastest in Nation

Idaho’s population totaled 1.75 million as of July 2018, growing at a rate of 2.1 percent from July 2017 and tying with Nevada for the fastest growth rate in the nation.

Utah with 1.9 percent was third. Wyoming declined by 1 percent to 579,300 – one of five states to see a decline during this time.

The national average growth rate was 0.6 percent.

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