Your source for labor market information for the state of Idaho. Within this site you can find economic information to help you make informed decisions whether you are an employer or a job seeker, a student or an economic analyst.
Idaho Unemployment Rate Jumps To 4.6 Percent
High fuel prices and the persisting fallout from the national housing and financial crises drove Idaho’s seasonally adjusted unemployment rate to a four-year high of 4.6 percent in August.
The rate, which has risen every month since February, was 4.1 percent in July and a record low 2.7 percent a year ago.
It was the second time this year Idaho’s unemployment rate jumped a half point as employment continued a steady decline that begun in February. The last half-point jump was in May when the rate rose from 3.1 percent to 3.6 percent. Read more... 9/5/2008
Health Care Will Lead Idaho Jobs Through 2016
Idaho’s economy has cooled off from the torrid pace that marked the late 1990s and the post-recession years, and will be growing at a more sustainable rate through 2016.
“Although Idaho’s economy is going through a significant slowdown, there are some industries and occupations that will rise to the top and guide the state into the next decade,” explained Bob Uhlenkott, the Idaho Department of Labor’s Chief Research Officer.
Health care is one of those industries and between 2006 and 2016, it will be the state’s fastest-growing, largest and highest-paying industry over the decade, with nursing as the hottest occupation.
Job projections released today by the Department of Labor in anticipation of the upcoming Labor Day holiday, forecast total employment growth in Idaho through 2016 at 20 percent.
Nationally, jobs are projected to grow at just under 11 percent from 2006 through 2016. Read more...