Tag Archives: idaho economy

Around Idaho: Economic Activity in April 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

Kootenai County

  • Work is now underway on a major Idaho Department of Transportation improvement project on State Route 41 between Post Falls and Rathdrum. The work includes widening the highway with additional lanes in both directions as well as new traffic lights and improved railroad crossings. The $131 million project is scheduled for completion in 2022. Source: Journal of Business
  • Coeur d’Alene Schools suspended its mask requirement for staff and students and replaced it with a mask recommendation. Mandatory masks for students have been a continued source of consternation for Coeur d’Alene parents. Source: CDA Press

Openings:

Coeur d’Alene

  • Chalice Brewing
  • Life is Good
  • ReMax Centennial
  • Lake City Vape
  • One Lakeside Hotel
  • Wallaroo’s
  • Affordable Bridal and Tuxedo
  • Prock’s Paint Bucket
  • Coeur d’Alene Wigs

Post Falls

  • The Coffee Market
  • Flippens Secured Self Storage
  • Washboard Laundromat

Spirit Lake

  • Retrofit Athletics

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

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Idaho’s Cybersecurity Jobs Increase 160% since 2015

Despite the nationwide pandemic, the number of cybersecurity job openings in Idaho saw a 28% increase in 2020 with an estimated 1,200 available postings through the course of the year. Since 2015, openings for cybersecurity jobs have grown by 160%, sustained by accelerating demand across multiple industry sectors. Nationwide, job postings rose to more than 350,000 in 2020.

* Job postings have been filtered to reflect computer/math occupations with job postings that request cybersecurity skills as determined from the Burning Glass skills taxonomy.

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Idaho’s March Unemployment Rate Down to 3.2%

NEWS RELEASE

For Immediate Release: April 16, 2021
Media Contacts: Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov or Salvador Vazquez, salvador.vazquez@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate was 3.2% in March, dropping slightly from a revised 3.3% in February.

With an over-the-month increase of 1,100 jobs, the state’s nonfarm payroll growth has leveled off over the past two months.

Civilian Labor Force

Idaho’s seasonally adjusted labor force was virtually unchanged in March at 899,375, down from 899,915 in February.

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Idaho’s February Unemployment Rate Down to 3.3%

NEWS RELEASE

For Immediate Release: March 26, 2021
Media Contacts: Craig Shaul, craig.shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

 Year-to-year nonfarm employment growth of 1% leads nation

February’s seasonally adjusted unemployment rate was 3.3%, down slightly from a revised 3.5% in January.

Idaho’s nonfarm payrolls edged upward by 1,200, leveling off after January’s gain of 4,500.

Civilian Labor Force

Idaho’s seasonally adjusted labor force remained virtually unchanged in February at 899,796, down from 900,205 in January.

The total number of working Idahoans increased by 912 in February to 870,056.

The number of unemployed Idahoans dropped 4.5% to 29,740.

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Around Idaho: Economic Activity in February 2021

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

Region

  • The Panhandle Health District board voted by a 4-3 decision to extend the mask mandate for all five northern counties. The mandate will now remain in effect until the next board meeting, currently scheduled for April 22. Source: KREM

Kootenai County

  • Housing inventories in Kootenai County continue to drop due to high demand and aggressive offers by out-of-state buyers looking to move to northern Idaho. Inventory of homes below $1 million fell to only 27 in early February, with median prices up more than 30% from 2020. Source: Spokesman Review
  • Community Network Libraries, which have been closed since November due to COVID-19, have reopened with social distancing and occupancy regulations in effect. Source: Coeur d’ Alene Press
  • Dollar Fulfillment, a Hayden based e-commerce fulfillment company, has purchased several acres in the Post Falls Bighorn industrial park and is planning a future expansion there. Source: Journal of Business
  • Heritage Health is now partnering with the Kroc Center in Coeur d’Alene to distribute COVID-19 vaccines. Source: Coeur d’ Alene Press

Openings

  • Leavitt Works Gunsmithing in Hayden
  • Westside Pizza in Coeur d’Alene
  • Maverick Gas Station in Post Falls
  • Timberlane Trading Company in Coeur d’Alene

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

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Idaho’s January Unemployment Rate Down to 3.4%

NEWS RELEASE

For Immediate Release: March 15, 2021
Media Contacts: Craig Shaul, craig.shaul@labor.idaho.gov, or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

Total nonfarm jobs up 1.1% over last year 

Idaho’s seasonally adjusted unemployment rate was 3.4% in January, down slightly from a revised 3.8% rate for December, and well below April 2020’s revised historic high of 11.6%.

Revisions made to Idaho’s 2020 unemployment rate are the result of an annual benchmarking process conducted each year by the Bureau of Labor Statistics.

Civilian Labor Force

Idaho’s seasonally adjusted labor force went virtually unchanged in January at 900,205, up 1.1% (+10,015) over its revised pre-pandemic level in March of 2020.

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Around Idaho: Economic Activity in January 2021

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 Idaho
Eastern Idaho

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

Kootenai County

  • The Idaho Division of Veteran Services plans to proceed with construction of a 64-room home for veterans in Post Falls. The 83,000-square-foot skilled nursing facility is slated for completion in 2022. It will be Idaho’s fourth veterans home and the first in northern Idaho. Source: Journal of Business
  • Redevelopment of the former Atlas Mill site in Coeur d’Alene is underway, with the first phase now scheduled for the first half of 2021 to include a mix of housing. The first development phase includes 24 townhomes, 54 single family homes and 93 multifamily units along with a mix of retail and office space. Altogether, this first phase of construction will use four of the Atlas Mill site’s 13 development plats. Source: Journal of Business
  • Kenworth Trucks is planning to build a new facility in Post Falls to offer parts, sales, service and leasing. Source: Coeur d’Alene Press

Openings
Post Falls

  • Maverick Gas Station
  • Neighbors-N-Need
  • Olive’s Pastry
  • Dirt Kart

Coeur d’Alene

  • Linden Coffee Company
  • Panhandle Cone & Coffee
  • Once Upon A Fairytale
  • TK Lighting Design
  • Ziply Fiber Services
  • Becky’s Sewing Center
  • Ventura Stone

Dalton Gardens

  • SuperSprings International

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext 4451
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Idaho Rebound Continues as One of Fastest in Country

December’s economic data showed that Idaho continued to progress in what has become one of the fastest economic recoveries in the country, following the economic shock of the COVID pandemic in the spring months of 2020. Idaho’s nonfarm jobs continued their recovery and are now slightly above the breakeven point for the year, with total nonfarm jobs now exceeding the totals reached in December 2019.

Nonfarm Jobs

Idaho’s total nonfarm jobs grew by 4,900 (0.6%) to 773,700 for December 2020. Substantial gains in trade, transportation and utilities (+2,400) as well as leisure and hospitality (+1,800) drove the increases, although most of Idaho’s major sectors enjoyed gains in December.

Job Growth Chart

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Idaho Unemployment Rate Falls to 4.4 Percent in December

NEWS RELEASE

For Immediate Release: Jan. 22 2021
Media Contact: Craig Shaul, craig.shaul@labor.idaho.gov or Karen Jarboe Singletary, karen.jarboesingletary@labor.idaho.gov

December’s total nonfarm jobs exceed pre-pandemic peak for the first time

Idaho’s seasonally adjusted unemployment rate fell to 4.4 percent in December, and nonfarm payrolls regained 4,900 jobs as the state’s economy continues to recover.

December’s unemployment rate is down one-half of a percentage point from November’s revised 4.9 percent and currently stands 7.4 percentage points below April’s historic high of 11.8 percent.

Civilian Labor Force

Idaho’s seasonally adjusted labor force grew by 3,173 in December to 907,552, up 1.4 percent (+12,920) over its pre-pandemic level in March.

The total number of employed people increased by 6,916 to 867,423 in December. This 0.8 percent increase in total employed was the first significant increase since July.

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Around Idaho: Economic Activity in November 2020

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 Idaho
Eastern Idaho

 

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

Region

  • The Panhandle Health District approved a mask mandate for all five northern counties, effective for 60 days. All five counties are currently in the “red” category for COVID cases, with high test positive rates and hospitals nearing or at full capacity. Source: Coeur d’Alene Press

Kootenai County

  • Northwest Specialty Hospital has terminated an agreement with MultiCare Health System, which would have allowed MultiCare to become the majority owner of the hospital. Northwest Specialty will instead enter into a new agreement with Mountain View Hospital of Idaho Falls which will allow Northwest Specialty to remain physician-owned and operated. Source: Journal of Business
  • The city of Post Falls adopted a city-wide mask recommendation and a mask requirement on city property. The city also has begun revising guidelines to reduce occupancy at city facilities to align with Idaho’s movement back to Stage 2 COVID requirements. Source: Coeur d’Alene Press

Openings Coeur d’Alene

  • University Auto Sales
  • Pho Le 1
  • Starbucks
  • See’s Candies
  • Budget Storage
  • Five Pine Wealth Management

Openings – Post Falls

  • Premier Vendor Mall
  • UPS
  • Riverside Coffee
  • Mugsy’s Espresso

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

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