Tag Archives: Sam Wolkenhauer

Idaho’s short-term employment growth is expected to continue through 2024

New short-term employment projections from the Idaho Department of Labor show Idaho’s healthy rate of job creation is expected to continue over the next two years. Total employment in Idaho — including self-employed and family businesses — reached a new high of 854,474 in the base period in 2022. This is projected to grow by 1.4% annually, reaching 878,100 in 2024.

The robustness and consistency of Idaho’s labor market has been a shining light in past years, with the state consistently leading the country in job growth. In 2020, COVID-19 led to significant job losses in a very short period of time — with almost all job losses occurring in March and April, but Idaho demonstrated its economic vitality with a quick rebound, returning to rapid job growth the following year. In fact, job growth in Idaho has been so strong that, even with the setback in 2020 during the pandemic, total employment in 2022 still reached and even exceeded forecasts.

Figure 1: Total employment in Idaho 2016-2022, with Idaho Labor 2024 projection

line chart - job growth projectionSource: Idaho Department of Labor

Continue reading →

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

Continue reading →

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

Continue reading →

Dec. 6 webinar focuses on the generations in the workforce

NEWS RELEASE

For Immediate Release: Nov. 30, 2022
Media Contact: Lindsay.Trombly@labor.idaho.gov

Dec. 6 webinar focuses on the generations in the workforceWe are hiring sign in window

Idaho businesses are invited to a free webinar Tuesday, Dec. 6 to learn more about America’s current labor market.

Sam Wolkenhauer, Idaho Department of Labor economist for northern Idaho, will present the topic. Participants will learn why help wanted signs in windows are so prevalent in America and what role demographics are playing in the future of work.

Continue reading →

Around Idaho: Economic Activity, November 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

Bonner County

  • BNSF Railways opened its Sandpoint Junction Connector bridge nearly a year ahead of schedule and began running traffic across the bridge. The new bridge adds a second line across Lake Pend Oreille, addressing a critical transit bottleneck where multiple lines converge before crossing the lake. Source: CDA Press

Kootenai County

  • A new preschool is under construction in Coeur d’Alene. Phase one construction of the Kinder Prep Learning Center is underway with a spring opening planned. The preschool will care for children ages 18 months to 5 years old. Kootenai County currently has substantial shortages of childcare availability. Source: CDA Press
  • A 20,000-square-foot professional building is under construction in Coeur d’Alene. The Prairie Professional building will offer suite sizes ranging from 2,200 to 10,000 square feet. The project is slated for completion in December 2023. Source: CDA Press
  • The city of Coeur d’Alene is exploring grant options to help pay for new mooring docks at the city’s popular Third Street docks. The current docks were installed in 2000 and have cost the city nearly $100,000 in repairs due to rotting timbers. The city Parks and Recreation Department is exploring a $500,000 project to replace the current timber docks with composite materials. Source: CDA Press

Openings

  • UPS Office Center (Hayden)
  • Rivaura CDA Tasting Room (Coeur d’Alene)
  • Uncorked with Friends (Hayden)
  • HomeTown Family Chiropractic (Coeur d’Alene)
  • Northwest Crafters (Coeur d’Alene)
  • Cochinito Taqueria (Hayden)
  • Burger Dock (Coeur d’Alene)

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

Continue reading →

Around Idaho: Economic Activity, October 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

  • Northwest Specialty Hospital has sold its facilities and property to a Milwaukee-based investment company. The hospital will now be a tenant in the buildings which it formerly owned. The hospital is physician owned and opted to sell as many of the founding providers are nearing retirement and wish to sell their shares. Source: Journal of Business
  • The Athol Retail Park is expanding, with a variety of new businesses planned for the growing commercial zone. New businesses include a Northwest Specialty Hospital clinic, a physical therapy office and a variety of retail and restaurant establishments. Source: Coeur d’Alene Press
  • Josephs’ Clinic is now open in Post Falls. The new clinic treats ear, nose, throat and allergy conditions and offers relevant outpatient procedures and surgeries. Source: Coeur d’Alene Press
  • North Idaho College is moving forward with its long-term expansion and renovation plans. Two openings were celebrated – including the expansion of the Meyer Health and Sciences Building and the grand opening of the new Dental Hygiene Clinic. The college’s trustees approved the purchase of additional adjacent residential property to support the college’s long-range strategic plans. Source: Coeur d’Alene Press

Openings – Coeur d’Alene

  • Terroir Fine Wine
  • Olive + Arrow Boutique
  • Northwell Medical Solutions
  • Coeur Climbing Company
  • Back Pocket Bakery
  • Soul Tribe Collective

Openings – Area

  • The Den, Post Falls
  • Fish On, Rathdrum
  • Platinum Construction, Hayden

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

Continue reading →

Three factors give cause for optimism about American manufacturing

Demographic changes, technological development and changing global cost structures now promise to make America among the most competitive manufacturing nations in the world.

For decades, manufacturing has been viewed by many people as an industry on the decline in the United States. As the American economy shifted ever more heavily towards services, factory employment in the country has steadily deteriorated. American manufacturing employment peaked at nearly 19.5 million in 1979, and has been steadily on the decline since then, averaging around 12 million throughout the 2010s.

In addition, the past several decades saw the emergence of substantial, low cost, rival manufacturing centers around the globe – particularly in Asia.

Despite this there are indications manufacturing in America has a dynamic future. There are at least three reasons to be optimistic about the future of manufacturing in America.

1) Energy Prices

Manufacturing is a very energy-intensive economic sector. Not only are electricity demands for industrial production enormous, but natural gas and other petroleum inputs are foundational raw materials for many products. Numerous chemicals, including plastics and fertilizer, are manufactured using natural gas. In 2021, the U.S. Energy Information Agency reported industrial energy consumption was 25% greater than residential and commercial consumption combined.[1]

Continue reading →

Around Idaho: Economic Activity, September 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 27,000-square-foot surgical facility is being built in Hayden. The Hayden Surgery Center will provide outpatient and orthopedic surgery, physical therapy and minor emergency services. Source: Journal of Business
  • North Idaho College’s Dental Hygiene program opened a new community dental clinic on the college’s main campus. The clinic will offer low-cost dental cleanings while helping dental hygiene students complete their clinicals to become register hygienists. Source: Coeur d’Alene Press
  • The North Idaho State Fair concluded its 10-day run with a record attendance. The fair saw 168,567 guests – a 9% increase from attendance in 2021. Source: Coeur d’Alene Press

Openings

  • Valvoline Instant Oil Change, Coeur d’Alene
  • Bottle Joy, Coeur d’Alene
  • Little Bear Tattoo, Coeur d’Alene
  • Lucy & Sevens Pizzeria, Coeur d’Alene
  • Uncorked With Friends, Hayden
  • Dent Viking, Post Falls
  • North Idaho Rock School, Rathdrum

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

Continue reading →

Around Idaho: Economic Activity, August 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

  • The city of Coeur d’Alene is evaluating proposals to strengthen laws against short-term rentals, including civil penalties and dedicated enforcement. The city’s general services and public works committee cites the city’s well established housing crisis and severe shortage of available for-rent and for-sale homes as the need for these proposals. The committee seeks to curb the conversion of long-term rental properties to short-term rentals to combat the housing shortage. Source: Coeur d’Alene Press
  • Work has begun on a major Idaho Transportation Department (ITD) project to replace and upgrade the interchange between Interstate 90 and State Highway 41 in Post Falls. The current interchange, which includes three different traffic signals and intersections, has become a major traffic bottleneck as Post Falls has grown. The interchange will be replaced by a single intersection, which ITD believes will dramatically increase efficiency. Construction will be underway in phases until the summer of 2025. Source: Idaho Transportation Department
  • Kootenai Health has begun work on a $40 million expansion to its Heart Center, operating rooms and Kootenai Outpatient Surgery facilities. The expansion will add 37,000 square feet to the heart center, new laboratories and more patient rooms, which will allow the hospital to provide more same-day surgeries. The project is scheduled for completion in fall 2023. Source: Coeur d’Alene Press

Openings
Coeur d’Alene

  • Sebastian’s Coffee and Pastries
  • The Burger Dock
  • Vantage Point Brewing
  • Bare Root Skin Essentials

Region

  • Burke’s Restoration, Post Falls
  • Club Pilates, Hayden
  • Gracie Barra Jiu-Jitsu Studio, Hayden

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

Continue reading →

Around Idaho: Economic Activity in July 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

  • Construction has begun on an 18-story, 60-unit luxury condominium tower in downtown Coeur d’Alene. The tower, to be named The Thomas George, has an estimated value of $45 million and will have units ranging in price from $800,000 to $4 million. Source: Journal of Business
  • The city of Post Falls annexed nearly 90 acres of agricultural land and approved zoning changes to lay the groundwork for the development of a new commercial corridor, as well as infrastructure improvements related to the construction of a new charter school. Construction of the planned Kootenai Classical Academy — the first charter school in Post Falls — is expected to begin this fall. Source: Journal of Business
  • The Coeur d’Alene City Council approved a $10 million water tank project to prevent water supply issues in the northeastern quadrant of the city. Urban growth has begun to stress existing water infrastructure, and city staff have assessed the need to accelerate water projects to avoid water supply issues. Source: Coeur d’Alene Press

Openings – Coeur d’Alene and Post Falls

  • Water World
  • Buck Wild Espresso
  • Engel & Völkers
  • Disaster Response
  • Bottle Joy Taphouse

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

Continue reading →