Category Archives: Uncategorized

An analysis of Idaho’s home prices

The following is an executive summary from an analysis of why Idaho’s home prices have risen faster than the rest of the nation. Read the full report online.

Many economists view the housing market as one of the crucial indicators of the overall health of an economy. When the economy is approaching a recession, the real estate market is usually among the first sectors to slow down and among the first to recover during a boom. If this assessment is accurate, Idaho’s housing market prices during the past three years will be critical for future economic forecasts. The average value of single-family homes in the state has increased by about 173% since the third quarter of 2011, compared with nearly 80% nationally. Continue reading

Nominations Open for Idaho’s Outstanding Volunteers & Philanthropists

NEWS RELEASE

For Immediate Release: May 23, 2022
Media Contact: Renee.Bade@labor.idaho.gov

Nominations are open for the annual Idaho Philanthropy Day awards. Each year, volunteers and philanthropists are honored for outstanding contributions to their communities. The virtual event will take place on Nov. 15 to recognize regional winners from eastern, northern and southwestern Idaho.

“Idaho’s volunteers provide enormous benefits to our people and communities across the state. It is important that we take the time to recognize those individuals who give so much back to our state by volunteering their time and talent to improve the lives of those around them,” Gov. Brad Little said.

The program organizers, Serve Idaho, the Governor’s Commission on Service and Volunteerism, and the Idaho Nonprofit Center (INC), encourage community members to nominate their neighbors online at IdahoNonprofits.org. Submissions will be accepted through July 19, 2022. Continue reading

Lerandeau, Jones serve as mobile office consultants for Grangeville, Kamiah, Orofino and Weippe

Heather Lerandeau

As a workforce consultant, Heather Lerandeau delivers a wide range of employment services to job seekers and employers who visit the department’s mobile office locations in Grangeville and Kamiah.

Photo: Heather Lerandeau

Heather Lerandeau

Helping Idahoans find jobs and rural employers recruit qualified employees is her favorite part of the job and keeps her busy. Some customers are referred to local education and community resource centers for workforce training or basic needs. For others it means support with navigating the process of filing for unemployment insurance benefits.

Before joining the department in 2021, Heather Lerandeau worked as a surgical assistant for St. Mary’s Hospital in Cottonwood. This helped her prepare for her new role with the Idaho Department of Labor as a workforce consultant assigned to Grangeville, Kamiah and Riggins (opening April 14).

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Job Creation and New Startups in Idaho

New private business establishments (“startups”) are an important driver of employment and economic growth for Idaho as well as the nation. This short report follows up on startup activity in the state and finds continued growth in Idaho startups through 2020 with the startup and entrepreneurship rates above the national average and startup failure rates now on par with the national average. However, startups’ employment footprint has declined, driven by a trend towards smaller new establishments. Additionally, their employment footprint is uneven across industries, with various services, construction and retail trade accounting for almost 70% of total employment by startups in 2019. Moreover, the entrepreneurship rate is negatively correlated with the lagged startup failure rate, with a 10 percentage point reduction in the failure rate associated with two more startups per 1,000 of the civilian labor force. Relative to neighboring states except for Washington, Idaho continues to have higher startup and entrepreneurship rates and is second to Oregon in lowest startup failure rate as of 2018.

The number of startups in Idaho have steadily grown over the past three decades from an estimated 3,249 in 1994 to 6,526 in 2020, as shown in Figure 1. Startup activity is unsurprisingly pro-cyclical with the economy, as evidenced by the dip accompanying the 2001 recession and the large decline during the Great Recession of 2007-2009. Since reaching its recessionary trough in 2010, startups have grown at an average annual rate of 8.74%. (Note that since the reference period for the Business Employment Dynamics Survey is March, the effect of the COVID-19 pandemic and recession was not captured in this time series.)

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Idaho’s 2020 Workplace Fatality Rate Remains Unchanged from 2019

By Phoebe Guan, Research Analyst Senior

In 2020, the overall workplace fatal injury rate in Idaho was 4.1% – a representation of the number of fatal occupational injuries per 100,000 full-time equivalent workers. This rate remains unchanged from 2019.

In 2020, there were 32 work-related fatalities recorded across Idaho, four fatalities less than a year ago and the lowest since 2017. Among all injuries, 23 were employees who worked for wage and salary, while fatalities for self-employed increased from 8 to 9 from 2019.

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Idaho’s November Unemployment Rate Drops to 2.6%

NEWS RELEASE

For Immediate Release: Dec. 17, 2021
Media Contact: Karen.JarboeSingletary@labor.idaho.gov
or Craig.Shaul@labor.idaho.gov

November Unemployment Rate – 2021

Idaho’s seasonally adjusted unemployment rate was 2.6% in November, down 0.2 percentage points from October. 

The state’s labor force grew by 1,017 people (0.1%) to 908,676 – marking four consecutive months with over-the-month labor force increases exceeding 1,000. 

Labor force participation decreased slightly from 62.4% to 62.3% in November – a new historic low. Idaho’s peak participation rate reached 71.4% in September 1998. 

Total employment grew by 2,309 to 884,865, up 0.3%, while total unemployment dropped 1,292 (5.1%) to 23,811.

Idaho’s nonfarm payroll jobs exceeded seasonal expectations at 787,900 in November, up 0.1% (800 jobs) from October. Industries showing growth included arts, entertainment and recreation (6.3%); private educational services (1.5%); transportation, warehousing and utilities (1.4%); wholesale trade (1.2%); retail trade (0.3%) and health care and social services (0.2%).

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Idaho’s Private Sector Showed Net Job Gains in First Quarter 2021

Idaho private sector job gains exceeded job losses, yielding a net employment gain of 16,217 jobs during the first quarter of 2021.

From December 2020 to March 2021, gross job gains in Idaho totaled 53,979 while gross job losses totaled 37,762.

Figure 1

Graphic of job gains and losses in Idaho 2011-2021 by number

According to the U.S. Business Employment Dynamic (BED) report, both gross job gains and gross job losses declined in Idaho from fourth quarter 2020 (Figure 1).

The BED report, produced by the U.S. Bureau of Labor Statistics, covers job gains and losses at private sector firms and identifies whether the change is due to businesses opening or closing, or increases and decreases in employment at existing firms.

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Governor Little Appoints Commissioners to Serve Idaho

NEWS RELEASE

For Immediate Release: Dec. 8, 2021
Media Contact: Renee Bade, renee.bade@labor.idaho.gov

Gov. Brad Little appointed four new commissioners to Serve Idaho, the Governor’s Commission on Service and Volunteerism. The new commissioners include Kevin Bailey and Amy Little, both of Boise, Alina Rahim of Pocatello and Jordan Woods of Meridian.

The four join 14 governor-appointed commissioners whose mission is “To inspire and recognize volunteers and empower communities through service and AmeriCorps to solve Idaho’s unmet needs.”

“Our commissioners bring a wealth of knowledge and energy to the commission as well as first-hand knowledge of the benefits and rewards of service in our communities,” said Renee Bade, program manager for Serve Idaho.

Photo: Kevin Bailey

Kevin Bailey

Bailey was appointed as an ex-officio commissioner and is the President and CEO of the Idaho Nonprofit Center where he has overseen the organization since July 2021. He previously served as the CEO of the United Way of southeastern Idaho and has more than 10 years of nonprofit experience, including working in international development, higher education and community-based nonprofit work. Prior to moving to Idaho, Bailey served as the director of Federal Upward Bound projects for Nebraska Methodist College, the family strengthening coordinator for Catholic Charities of Omaha and worked as a teacher in both Virginia and Chile.

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Around Idaho: Economic Activity in October 2021

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
Southeastern
Eastern Idaho

 

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

Shoshone County

  • The state of Idaho has taken ownership of the Central Treatment Plant in Kellogg under the direction of the Idaho Department of Environmental Quality (DEQ). The plant has been responsible for cleaning up mine pollution in the Coeur d’Alene Basin since it began operations 50 years ago. Under new ownership, the plant is expected to overcome the facility’s former water capacity restrictions and lower the amount of heavy metals from the nearby mine before it flows into the South Fork of the Coeur d’Alene River. Source: Shoshone News-Press

Kootenai County

  • Lanzce G. Douglass Inc. has started work on a $73.3 million housing project in the Spokane-Coeur d’Alene area. The River’s Edge Apartments in Coeur d’Alene will account for $45.2 million of the total project. With 12 apartment buildings and 384 residential units, River’s Edge will be one of the largest multifamily complexes in the region. The apartments will be located in the Atlas District, part of Coeur d’Alene’s urban renewal district along the north side of the Spokane River, in west Coeur d’Alene. Source: Spokane Journal of Business

Bonner County

  • The Priest Lake wetland is set to be subdivided for land development and housing construction. Local residents have expressed concerns about the permanent loss of several ecosystem functions and their benefits to humans such as flood control, water filtration and aquifer recharge. Source: Spokesman-Review

Business updates

  • Amazon Air has launched daily flights from a 30,750-square-foot cargo facility at the Spokane Airport. The $5.4 million facility will transport packages from the airport to the Amazon Fulfillment Center, located a few miles southwest of the new Amazon Air station at 10010 W. Geiger Blvd. Source: Spokane Journal of Business
  • Corwin Automotive Group purchased Gus Johnson Ford in Spokane Valley and plans to work with Mike White Ford of Coeur d’Alene to grow its presence in the area. Corwin Auto is based in North Dakota. Source: The Spokesman-Review

Rajshri Suresh@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 332-3570 ext. 3201

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OPINION: Apprenticeships help solve Idaho’s labor challenges

Friday November 12, 2021

By Governor Brad Little

The “Now Hiring” and “Help Wanted” job postings are everywhere.

Idaho’s economy is booming, and jobs are readily available, but some employers still cannot fill jobs with the skilled workers they need.

The labor market challenges are multifaceted, but employers across the state have one thing in common – they need a pipeline of workers with industry-specific training and hands-on experience.

The good news is that through apprenticeships – a proven career pathway Idaho is strongly pursuing to build our pool of skilled workers – employers can create a sustainable talent pipeline with employees that receive extensive education and training in one of more than 1,200 occupations in Idaho.

Next week is National Apprenticeship Week. Apprenticeships offer a win-win for employees and employers.

Employees get on-the-job training and classroom instruction specifically designed for the career they choose, along with opportunities to advance. Apprentices learn while they earn a certification, gain practical experience, start working immediately, and receive built-in mentoring and support.

Employers get an immediate employee more likely to stay in the job, reducing turnover costs and improving employee retention and productivity. It is an excellent return on investment.

Idaho jumped on new resources that connect employers to apprentices.

One new program will align apprenticeship with degree programs at Idaho’s postsecondary and workforce training institutions, benefitting up to 2,000 new workers.

Another new program will connect employers with 400 Idaho youth between ages 16 and 24 in high school and career technical education programs.

Through another effort, we are expanding the number of employers enrolling in registered apprenticeships throughout the state in the health care, information technology, advanced manufacturing, and energy sectors.

We have nearly tripled the number of Idaho businesses sponsoring apprenticeships in the span of three years. Hundreds of Idaho employers have almost doubled the number of apprenticeship opportunities since just last year.

In short, all our efforts have created a pool of Idahoans who want to hone their skills to meet Idaho employers’ needs.

It’s a tight labor market right now. We will continue to do all we can to get more skilled workers into the satisfying, rewarding careers and help employers who, like all of us, want to see Idaho’s economic trajectory continue to strengthen.

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