Tag Archives: Matthew Paskash

Around Idaho: Economic Activity, August 2023

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

Region

  • Labor demand in northern Idaho remains robust, with elevated levels of unfilled jobs. There were 2,154 job postings in northern Idaho in August 2023, according to data from The Conference Board, of which 1,755 were posted in Kootenai County. The most in-demand occupation was registered nurses, followed by retail salespersons.Table: Top 10 occupations by job postings in northern Idaho, June 2023

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Around Idaho: Economic Activity, July 2023

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

Region

  • Labor demand in northern Idaho remains robust, with elevated levels of unfilled jobs. All told, there were 2,262 job postings in northern Idaho in July 2023, according to data from the Conference Board, of which 1,907 were posted in Kootenai County. The most in-demand occupation was registered nurses, followed by freight and stock laborers.

Table: Toop 10 occuptions by job postings in northern Idaho July 2023

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Around Idaho: Economic Activity, June 2023

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

Region

  • Labor demand in northern Idaho remains robust, with elevated levels of unfilled jobs. All told, there were 2,292 job postings in northern Idaho in June 2023 – according to data from the Conference Board – of which 1,869 were posted in Kootenai County. The most in-demand occupations were laborers, freight, stock and material movers. These were followed by registered nurses and a variety of high-turnover and common service sector positions.Table - top 10 occupations by job postings in norhtern Idaho, June 2023

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Idaho’s private establishment growth exceeds the national average in 2022

This analysis article includes updated data from an article published on this blog in January 2022, “Job Creation and New Startups in Idaho”

New private establishment formations

Idaho had considerably more startups relative to the local labor force than the nation overall, with the years 2010 through 2012 being one notable exception. Unlike past business cycles, the pandemic saw many Idahoans and Americans starting businesses as opportunity costs fell. Work furloughs and layoffs initially reduced employment opportunities and low interest rates lowered the threshold return on investment for prospective business ventures.

By 2022, there were more than 10 new private establishments in Idaho for every 1,000 Idahoans in the labor force. Nationally, it was over six new private establishments for every 1,000 Americans in the labor force.

Between 1994 and 2022, the annual number of new private establishments in Idaho (i.e., those less than a year old since opening) grew from 3,249 to 10,088, a 210.5% increase or about 4.1% on an annual basis. By comparison, the number of new establishments nationwide grew 87.3% or about 2.3% on an annual basis. This can be seen in Figure 1, with Idaho plotted along the left vertical axis and the United States along the right.

Generally, the formation of new private establishments has tended to be pro-cyclical — rising in economic booms, falling during recessions. Both the state and nation experienced declines in the number of new private establishments during the recession in the early 2000s and, more prominently, again during the Great Recession (2008-3009). However, growth rates within Idaho and across the country ramped up during the pandemic despite a deep contraction in economic activity in 2020. This exception to the rule could be attributable to the unique set of circumstances of the time that reduced the opportunity cost of starting a new business for many individuals, mainly a lack of employment opportunities due to large furloughs of the workforce. In addition, successive rounds of household stimulus payments and cheap credit allowed many new businesses to get off the ground. Continue reading

Around Idaho: Economic Activity, May 2023

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

Region

  • Labor demand in northern Idaho remains robust, with elevated levels of unfilled jobs. There were 1,937 job postings in northern Idaho in May 2023 – 1,545 in Kootenai County– according to data from the Conference Board. The most in-demand occupation by far was freight, stock, and material workers, followed by registered nurses and a variety of high-turnover and common service sector positions.
    Top 10 occupations by job posting in northern Idaho

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Around Idaho: Economic Activity, April 2023

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

Region

  • Labor demand in northern Idaho remains robust, with elevated levels of unfilled jobs. There were 2,674 job postings in northern Idaho in April 2023, according to data from the Conference Board — 2,342 in Kootenai County. The most in-demand occupation was registered nurses, followed by a variety of high-turnover and common service sector positions.

Table: North Idaho top 10 job postings, April 2023

Kootenai County

  • Post Falls-based Prairie Falls Golf Club began construction on a new 43,000-square-foot facility that will be the new home of the club’s pro shop, a hotel, event center, retail and restaurant facilities. The new facility is scheduled to open in July, and the golf club will be hiring 40 additional employees. Source: Journal of Business
  • Beacon Cancer Care is expanding its services with the addition of a new rheumatology practice in its Coeur d’Alene Chinook Medical Campus. Source: Journal of Business
  • A new urban development is being built in Post Falls. The 32-acre Millworx development will feature 685 residential units in addition to over 100,000 square feet of commercial space. The project has expanded significantly after it was originally envisioned as a 120-unit development in 2022. The development will also include a Hyatt Place Hotel and a variety of retail and restaurant establishments. Source: Journal of Business

Construction of a new 18-story high rise condominium in downtown Coeur d’Alene is underway. Named the Thomas George Building, the building will be home to 60 luxury condominiums and offer views of Lake Coeur d’Alene. Source: Journal of Business

  • The Idaho Transportation Department has begun its first full season of construction on the planned four-year revision of the critical interchange between Interstate 90 and State Route 41. After preparatory work began in August of last year, the crews in the 2023 season will focus on building three new bridges for westbound I-90. The project is scheduled to be completed by summer Source: Journal of Business

Openings:

  • Beau Monde Luxe, Hayden
  • Fire Artisan Pizza, Coeur d’Alene
  • Konala Hawaiian Restaurant, Post Falls
  • North Idaho Medical Massage, Coeur d’Alene
  • Parallel 47 Restaurant, Coeur d’Alene
  • Pinnacle Estate Planning, Coeur d’Alene
  • Post Falls Pavilion Food Trucks, Post Falls
  • Quality Stoves and Spa, Post Falls
  • ReMAX Realty, Coeur d’Alene
  • Rude Law, Coeur d’Alene

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

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Around Idaho: Economic Activity, March 2023

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

Region

  • Labor demand in northern Idaho remains robust, with elevated levels of unfilled jobs. All told, there were 1,843 unique job postings in northern Idaho in February 2023, according to data from The Conference Board, with 1,547 posted in Kootenai County. The most in-demand occupation by far was registered nurses, followed by a variety of high-turnover and common service sector positions.

Top 10 occupations by job postings in northern Idaho, February 2023

Table: Top 10 occupations by job postings in northern Idaho, February 2023Source: Conference Board data via Lightcast (formerly EMSI-Burning Glass)

Bonner County

  • Bonner General Hospital will end its labor and delivery services in the coming months, citing physician turnover and staffing shortages as reason. In 2022, 265 babies were delivered at Bonner General. Source: Coeur d’Alene Press

Kootenai County

  • The Coeur d’Alene City Council is annexing a 440-acre parcel of county land, which will be zoned residential and commercial and developed as Coeur Terre. The development, which will be built out over multiple decades, is expected to eventually include 2,800 housing units, retail and restaurant areas, 18 acres of parks, and land for two public schools. Source: Coeur d’Alene Press
  • Several new health care facilities are under construction in Hayden. A two-story building for the future Hayden Surgery Center is now in progress, and Orthopedic Surgery and Sports Medicine is building a new location in Hayden as well. Source: Coeur d’Alene Press

Openings

  • Medical Massage, Coeur d’Alene
  • Fit Body Boot Camp, Coeur d’Alene
  • Northwest Urgent Care & Occupational Medicine, Athol
  • Quality Stoves and Spas, Post Falls
  • Toys R Us, Coeur d’Alene

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

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Around Idaho: Economic Activity, February 2023

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

  • Kootenai Health is opening a new urgent care clinic in Coeur d’Alene in partnership with the MultiCare Health System’s Indigo Urgent Care network. In 2022, Kootenai Urgent Care had more than 55,000 visits across its three locations. The new clinic will help distribute the caseload and reduce wait times. Source: Coeur d’Alene Press
  • Hayden Canyon Charter school has completed a major expansion project which doubled the available space in the school. The charter school has seen a large increase in applications in recent years and has had student counts limited by available classrooms. The new expansion will increase the capacity by up to 100 incoming first and second grade students, bringing the school’s total capacity up to nearly 600 students. Source: Coeur d’Alene Press
  • North Idaho College (NIC) received a downgrade in its bond ratings from Moody’s Investor Service amid ongoing questions about the college’s accreditation status and governance ambiguity. NIC’s issuer rating was downgraded from A3 to A1, and the revenue bond rating was dropped from A3 to A2. Moody’s cited “a continuing period of significant governance and management dysfunction.” Source: Coeur d’Alene Press

Openings – Post Falls

  • North Idaho Urology
  • BoxDrop Mattress and Furniture
  • St Joseph’s Ear, Nose, Throat, and Allergy Clinic
  • Dog House Grooming
  • North Idaho Floors

Coeur d’Alene

  • Blythe Anchor
  • JIK Printshop

Hayden

    • Revival Wellness

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

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Around Idaho: Economic Activity, January 2023

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

Region

  • The Idaho Department of Lands purchased 18,050 acres of timberland spread around the five northern Idaho counties. The land, acquired for $50.4 million, will support state endowment beneficiaries, especially Idaho’s public schools, and boost long-term timber sales. Source: Coeur d’Alene Press

Kootenai County

  • Great Homes of Idaho is now operating in Post Falls. A builder of manufactured and modular homes, Great Homes started in Missoula and has now expanded to northern Idaho. This new supply of affordable housing is greatly desirable, with Kootenai County experiencing serious shortages of workforce housing. Source: Coeur d’Alene Press
  • The Coeur d’Alene Airport is evaluating adding a commercial terminal. The current proposal would permit Avports, an airport operations management firm based in Virginia, to construct a new terminal, which would service commercial flights connecting northern Idaho to regional locations like Boise and Seattle. A measure is currently before the Kootenai County Board of Commissioners which would approve a 25-year lease for the project. Source: Coeur d’Alene Press
  • The Hayden City Council denied a zoning amendment which would have allowed for a new subdivision to be built on the arterial Ramsey and Hayden intersection. Council members cited serious traffic concerns. The city’s capital improvement plan has already identified the intersection as a priority for improvement. Source: Coeur d’Alene Press

Openings

  • Bruchi’s, Post Falls
  • Club Pilates, Hayden
  • Parallel 47, Coeur d’Alene
  • Pizza Hut, Hayden
  • The Wellness Bar, Coeur d’Alene

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

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Around Idaho: Economic Activity, December 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

  • Northern Idaho ended the year with labor demand still at elevated levels amid pressing labor shortages. Job posting data from The Conference Board’s Help Wanted OnLine data series showed nearly 21,000 job postings in the Coeur d’Alene metro area in 2022 – a significant increase over past years. The year ended with over 3,500 unfilled jobs in the region.
  • A 26,000-square-foot facility for Hayden Surgery Center is under construction in Hayden. The facility will include an orthopedic urgent care, physical therapy office and an outpatient surgery center with four operating rooms. The surgery center is scheduled to open in September.

Openings

  • Bruchi’s (Post Falls)
  • Berry Bay Smoothies (Hayden)
  • Vantage Point Brewing (Coeur d’Alene)
  • Caliber Collision (Post Falls)
  • Beer One (Coeur d’Alene)
  • Milan Laser Hair Removal (Post Falls)
  • Incyte Diagnostics (Post Falls)
  • Alpine Auto & Off Road Repair (Post Falls)

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

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