Tag Archives: idaho department of labor

Idaho’s April Unemployment Rate Falls to Historic Low of 2.6%

NEWS RELEASE

For Immediate Release: May 20, 2022
Media ContactKaren.JarboeSingletary@labor.idaho.gov or Salvador.Vazquez@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 2.6% in April, down from March’s rate of 2.7%. April’s rate marks the third consecutive month of historic lows since record keeping began in 1976.

Idaho map with county unemployment ratesThe number of Idahoans employed or looking for work grew by 4,770 people (0.5%) to 937,023. Labor force participation increased by 0.1 percentage points between March and April to 62.1%. Idaho’s peak participation rate reached 71.4% in September 1998.

Total employment grew from March by 5,409 (0.6%) to 912,953 while total unemployment dropped by 639 (-2.6%) to 24,070.

According to Help Wanted Online, there were 49,443 online job postings in Idaho during April, or 2.1 job openings for every unemployed Idahoan looking for work.

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Labor employment services expand in south central Idaho

NEWS RELEASE

For Immediate Release: May 18, 2022
Media Contact: Jill.Kleist@labor.idaho.gov

Job search, resume assistance available in four south central Idaho communities.

Idahoans living in Gooding, Hailey, Jerome and Shoshone can now access Idaho Department of Labor services without leaving their communities.

Employment services offered at the four additional locations are in addition to full-service offices in Twin Falls and Burley.

“Our mobile office model is for Idaho citizens without a Labor office in their community,” explains Department of Labor Director Jani Revier. “Our partnerships with local libraries, community centers, city halls and other organizations allow us to deliver face-to-face services to rural Idahoans. Our footprint is larger now than ever before.”

All mobile Labor locations offer walk-in hours and appointments staffed with a Department of Labor workforce consultant who can help with writing resumes, filling out job applications, preparing for an interview, accessing job training resources, filing for unemployment insurance benefits and other services.

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Pocatello Labor office hosts Morton Building hiring event May 17

NEWS RELEASE

For Immediate Release: May 12, 2022
Media Contact: Kandi.Rudd@labor.idaho.gov

Idaho Labor will be hosting a hiring event for one of the area’s newest employers Tuesday, May 17, from 10 a.m. to 2 p.m. at the department’s Pocatello office, 430 N. 5th Ave.

The company is hiring multiple operators and an inventory control coordinator, plant administrative assistant, process improvement coordinator, material recovery specialist, operator and traffic manager.

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Vacancy rates provide insight to hiring challenges

The exceptionally tight labor market in Idaho has left many employers hard-pressed to fill job openings. The monthly vacancy yield rate – the number of hires each month relative to the number of job openings at the end of the previous month – provides a barometer for employers’ ability to fill openings while its inverse provides an implied number of months to fill an opening.

An unprecedentedly tight labor market

Well before the COVID-19 pandemic and the economic disruptions it brought, the Idaho labor market would have been characterized as “tight,” but once businesses and the economy at-large reopened, the excess demand for workers relative to their supply only intensified.

One key barometer of a labor market is the ratio of job openings, or vacancies, to the unemployed, which is how macroeconomists typically define a labor market’s “tightness.” The larger the number, the more job openings are chasing after a fixed number of idle workers. For high ratios, we would typically expect to see wages rise as employers are forced to compete for limited talent; conversely, for small ratios, we would expect wages to fall as workers are forced to compete for a limited number of jobs.

Figure 1 plots the monthly job openings-to-unemployed ratio for Idaho as well as the United States for 2001-2021, adjusted for seasonality effects. For the entire sample, the average labor market tightness was about 0.81 openings for every unemployed Idahoan. Throughout 2021 the ratio hovered between 1.5 and 2, and by year’s end it reached a record 2.18.

Figure: labor market tightness

Note: Job openings are for total nonfarm jobs.
Source: Idaho Department of Labor, U.S. Bureau of Labor Statistics.

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Around Idaho: Economic Activity in April 2022

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

Kootenai County

  • A new program designed to match senior homeowners with extra space with tenants is being launched in Kootenai County in response to the severe local housing shortage. The project, called HomeShare Kootenai County, aims to create additional rental inventory by leveraging seniors who have extra space or who maintain multiple residences and vacate their Idaho homes in the winter. Source: Journal of Business
  • The Idaho Department of Transportation is beginning work on the next phase of improvements to State Route 41, connecting Post Falls and Rathdrum. The highway improvements will facilitate the new commercial and residential development occurring on the prairie in north Post Falls. The state route improvements are scheduled to be completed this year. ITD plans to begin preparations for the replacement of the current interchange between the SR41 and I-90. Source: Journal of Business
  • After tourism recovered in 2021 and the area experienced a resurgent demand for lodging, Kootenai County now has two new hotels planned – one in Coeur d’Alene and one in Post Falls. A TownePlace Suites hotel by Marriott is under construction in Coeur d’Alene, which will include 89 rooms, while in Post Falls plans are in place for a 154-room hotel, though the brand has not yet been specified. Both hotels are expected to be finished this year. Source: Journal of Business

Openings – Coeur d’Alene

  • Reignite Health Northwest
  • Edgy Veggie Salad
  • Inspired Nail Spa
  • F45 Training
  • Rakes Mediation
  • Water World
  • Dixie & Co.
  • The Goat Lounge
  • Berkshire Hathaway HomeServices

Hayden

  • Hayden Furniture Depot

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

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Multi-employer job fair set for April 27 in Boise

NEWS RELEASE

For Immediate Release: April 21, 2022
Media contact: Joe.Goitiandia@labor.idaho.gov

Employers from several industries will be looking for workers at a job fair Wednesday, April 27, from 1 to 5 p.m., at Taft Elementary School gymnasium, 3722 W. Anderson St., in Boise.

Participating employers include Darigold, DirecTV, Frito Lay, Inn at 400 Capitol, Boise Centre, Roaring Springs, YMCA, Ada County Highway District, Peak Security of Idaho, Valley Regional Transit, Western Power Sport and several more.

Open positions include caregivers, food and beverage servers, production assistant, manager trainee, housekeepers, heavy equipment operator, route sales, transportation coordinator, lifeguards, marketing and communication coordinator and many more.

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April 27 employer online seminar focuses on employee retention

NEWS RELEASE

For Immediate Release: April 21, 2022
Media contact: Clinton.Renn@labor.idaho.gov

Southeastern Idaho employers are invited to a free Zoom seminar Wednesday, April 27, 9 to 10 a.m., to discuss employee retention.

Representatives from local businesses Spudnik, A & E Engineering and East Idaho Credit Union, will share best practices on how they retain talent, followed by a Q & A with participants.

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Labor offers employment services across northern Idaho

NEWS RELEASE

For Immediate Release: April 13, 2022
Media Contact: Kellye.Sharp@labor.idaho.gov

Idahoans living in remote, rural areas of Idaho’s five most northern counties can now access state employment services in seven mobile office locations.

“Our mobile office model is for Idaho citizens without a Labor office in their community,” explains Department of Labor Director Jani Revier. “Our partnerships with local libraries, community centers, city halls and other organizations allow us to deliver face-to-face services to rural Idahoans. Our footprint is larger now than ever before.”

All mobile Labor locations offer walk-in hours and appointments staffed with a Department of Labor workforce consultant who can help with writing resumes, filling out job applications, preparing for an interview, accessing job training resources, filing for unemployment insurance benefits and other services. Continue reading

Post Falls Labor office hosts job fair with more than 50 employers

NEWS RELEASE

For Immediate Release: April 7, 2022
Media Contact: Stacey.Hanlon@labor.idaho.gov

The Idaho Department of Labor’s Post Falls office will host its biggest job fair of the year Wednesday, April 13, from 10 a.m. to 1 p.m. More than 50 employers are slated to attend the event, taking place at Real Life Ministries, 1866 N. Cecil Road in Post Falls.

Employers from northern Idaho and Spokane are recruiting for more than 700 openings. Positions with major employers and local businesses offer opportunities such as supervisors, caregivers, technicians, health care professionals, sales personnel, drivers, CDL instructor, manufacturing workers, operations manager and more. 

Historically low unemployment continues to boost wages and the number of openings available.  Continue reading

ISU’s Institute for Rural Health Awarded $1.4 Million to Build Public Health AmeriCorps

NEWS RELEASE

For Immediate Release: April 6, 2022
Media Contact: Renee.Bade@labor.idaho.gov

Idaho State University’s Institute for Rural Health (IRH) received more than $1.4 million in to expand public health across Idaho. The funding award comes from AmeriCorps, the federal agency for volunteering and national service, which is part of Public Health AmeriCorps.

It will support 72 AmeriCorps members who will be placed across Idaho to increase the capacity of public health organizations, including providing suicide prevention and intervention training.

Logo: AmeriCorps IdahoWith this new funding, the IRH will leverage the skills and experience of AmeriCorps members throughout Idaho to expand capacity of public health agencies and increase the number of suicide prevention trainings offered throughout the state. This funding will also support members’ interests in learning more about public health careers and continuing to serve in the public health sector.

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