Tag Archives: idaho economy

Idaho’s Unemployment Rate Drops to 2.9% for August

NEWS RELEASE

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

Idaho’s seasonally adjusted unemployment rate decreased by one-tenth of a percent from July to 2.9%.

August was the first time Idaho’s unemployment rate dropped below 3% since March of 2020. The state’s previous streak of unemployment rates under 3% lasted for 26 months – from February 2018 to March 2020.

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Idaho’s July Unemployment Rate Unchanged at 3%

NEWS RELEASE

For Immediate Release: Aug. 20, 2021
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Karen Jarboe Singletary at Karen.JarboeSingletary@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate held steady at 3% from June to July.

Total employment grew to 876,204, up 0.1% (+1,094), while total unemployment dropped 1.6% (-429) to 26,717.

Idaho’s labor force grew by one-tenth of a percent to 902,921 (+665), marking four consecutive months of gains. The labor force participation rate decreased from 62.6% to 62.5%.

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Around Idaho: Economic Activity in July 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

  • The city of Hayden approved a new subdivision to be built on the location of the former Hayden Meadows Soccer Complex. The new subdivision, to be named Hayden Meadows Estates, will include 53 single-family homes, built on roughly 16 acres. Source: Coeur d’Alene Press
  • Post Falls-based Steel Structures America has started work on a new self-storage complex which will eventually include 170,000 square feet of storage. The first phase will include eight buildings with 70,000 square feet of storage. Source: Journal of Business
  • The city of Coeur d’Alene began work on traffic improvements, funded by a federal grant through the Local Highway Technical Assistance Council. The work will improve signaling and management at multiple high traffic intersections and is expected to be completed by the end of August. Source: Coeur d’Alene Press

Openings

  • Outpost Brewing, Coeur d’Alene
  • Gathered Restaurant, Post Falls
  • Embers by the Green, Post Falls
  • Peak Health & Wellness Center, Post Falls
  • Alt’s Copperhouse, Post Falls
  • Findlay Jeep, Post Falls
  • Twisted Slate Brewery, Hayden
  • Birdie’s Pie Shop, Hayden

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

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Remembering Idaho Labor Regional Economist Kathryn Tacke

Long-time Idaho Department of Labor analyst and friend of many Kathryn A. Tacke died suddenly of natural causes Friday, July 2, 2021, at her home in Lewiston.

Kathryn began her Idaho Labor career as a labor market analyst in 1988, serving the five most northern Idaho counties from the Coeur d’Alene office. She transferred to the Lewiston office in 2009 to serve region 2, which includes Latah, Lewis, Clearwater, Idaho and Nez Perce counties.

Highly respected in her field, Kathryn provided economic data to industry, education, local and state government and nonprofit organizations. She knew how to communicate complicated data information in her interactions with customers, in presentations and in her writing. She cherished her relationships with other Idaho Labor economists and was often called upon to teach methods and process.

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Idaho’s June Unemployment Rate Unchanged at 3%

NEWS RELEASE

For Immediate Release: July 16, 2021
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Salvador Vazquez, Salvador.Vazquez@labor.idaho.gov

Idaho’s seasonally adjusted unemployment rate held steady at 3% from May to June.

Total employment grew to 875,305, up 0.1% (+1,152), while total unemployment dropped -0.8% (-221) to 27,103.

Idaho’s labor force grew by one-tenth of a percent to 902,408 (+931), marking three consecutive months of gains. The labor force participation rate decreased from 62.7% to 62.6%.

In June, Idaho’s nonfarm payroll jobs jumped to 789,700, up 0.8% (+6,200) from 783,500 in May. Industries with job gains that exceeded expectations included information (+6.9%), state government (+3.8%), natural resources (+2.6%), other services (+2%), accommodation and food services (+1.7%), construction (+1.4%), education and health services (+1.1%), finance and insurance (+1%), local government (+0.7%), professional and business services (+0.6%), wholesale trade (+0.3%), and durable goods manufacturing (+0.3%).

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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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