For Immediate Release: Feb. 25, 2019
Information Contact: Craig Shaul, (208) 332-3570 ext. 3201
— New Poster With Income Details Now Available —
Idaho Department of Labor research shows education beyond high school can mean higher wages, more promotional opportunities and fewer chances of being unemployed.
In Idaho the average worker with a bachelor’s degree earns $461 dollars more each week than the average worker with only a high school diploma. This difference adds up quickly to $23,972 per year and nearly three quarters of a million dollars – $719,160 – over the course of a person’s prime working years. The gap is substantially larger for workers with advanced degrees like master’s and doctorate degrees.
Workers with higher levels of education are also far less likely to be unemployed. Last year, the Idaho unemployment rate for workers with bachelor’s degrees was only 2.5 percent, compared with 4.6 percent for those with only high school diplomas. The disparity in unemployment rates is even higher when the economy is performing poorly. During the most recent recession the unemployment rates for workers with only high school diplomas reached as high as 11 percent. In comparison, unemployment among workers with college degrees never reached higher than 5 percent during that time.
The education people receive and the skills they attain greatly influence their economic well-being, but successfully navigating the labor market is no simple task, and understanding the history of eastern Idaho’s labor market, its current growth and the specific industries that are growing can make it easier.
After several years of slow growth, the U.S. labor market appears to be picking up. The U.S. Bureau of Labor Statistics reported a 295,000 increase in February’s nonfarm payroll employment, marking the 12th straight month payrolls grew by more than 200,000 – the first time since a 19-month run in 1993 to 1995. Continue reading
Idaho’s hottest jobs over the next decade – identified by the Idaho Department of Labor’s 2012-2022 Long-Term Occupational Projections – continue to place health care occupations at the top even in the south central region, but the other top occupations differ, reflecting the unique qualities of the region’s economy and labor pool.
Hot jobs are identified as those greatest in number, with the strongest growth rate and the highest wage. Continue reading
The Idaho Department of Labor’s new list of “Hot Jobs” details the occupations that pay the most, have the highest number of jobs and are projected to grow the most over the next eight years. The questions are: What companies are hiring people for these jobs? and Where are they located?
Idaho’s top 10 “Hot Jobs” include registered nurses, who have the highest level of employment; physician assistants, who are the fastest growing; and pharmacists, who have the highest median wage. These rankings signify the importance of health care in the growth of Idaho’s economy.
Click graphic to enlarge.
Hot jobs coupled with occupational mobility are important factors in identifying a career path or administering education and training programs.
Registered nurses rank highest on the hot jobs list — those that, on average, rank high in the abundance of jobs in the economy, the fastest rate of growth and the highest pay. Registered nurses continue to be one of the most in-demand occupations in Idaho. The top five hot jobs through 2020 are in the health care industry.
The Idaho Department of Labor’s list of the hottest jobs in terms of highest
demand, best pay and largest number for the coming decade offers workers
some insight into where the best career opportunities lie and the kind of
education or training required.
The top 20 Hot Jobs in Idaho from 2010 through 2020 are:
- Registered nurse
- Medical and health service manager
- Physical therapist
- Dental hygienist
- Software applications developer
- Management analyst
- Physician and surgeon in areas other than specific specialties
- Network and computer systems administrator
- Market research analyst and marketing specialist
- Radiologic technologist and technician
- Family and general practitioner
- Physician assistant
- Licensed practical and licensed vocational nurse
- Mechanical engineer
- Electrical engineer
- Computer system analyst
- Industrial machinery mechanic
- Loan officer
- Elementary school teacher other than in special education