Tag Archives: Sam Wolkenhauer

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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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

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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

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

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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.

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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]

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