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Region
Labor force estimates for August 2024 from the Idaho Department of Labor’s Local Area Unemployment Statistics have total employment and unemployment increasing in the nine-county eastern region. Seasonally adjusted, August’s preliminary estimates have labor force participants increasing by 352 people, with 333 more employed people and 19 more unemployed people. The seasonally adjusted unemployment rate for the region remained at 3.1%, the same as June 2024, and 0.4 percentage points higher than July 2023.
Figure 1.
Eastern Idaho, seasonally adjusted data Aug-24 (P) Jul-24 (P) Aug-23 (B)
Civilian labor force 132,539 132,187 128,928
Total employment 128,375 128,042 125,499
Unemployment 4,164 4,145 3,429
% of labor force unemployed 3.1 3.1 2.7
P – Preliminary, R – Revised, B – Benchmarked
Source: Idaho Department of Labor
Region
- Labor demand in south central Idaho remained stable in August 2024, with a total of 2,753 unique job postings in the region, a 5.4% decrease from 2,912 unique postings in July 2024. The unemployment rate remained at 3.5% from July 2024 and has increased 0.3% from August 2023. Total employment has increased 2.6% over the past year.
| South central Idaho seasonally adjusted data | August-24 (P) | July-24 (R) | August – 23 (B) |
|---|---|---|---|
| Civilian labor force | 109,678 | 109,032 | 106,539 |
| Total employment | 105,802 | 105,218 | 103,151 |
| Unemployment | 3,876 | 3,814 | 3,388 |
| % of labor force unemployed | 3.5% | 3.5% | 3.2% |
| Source: Idaho Department of Labor | P – Preliminary | R – Revised | B – Benchmarked |
Region
Labor force estimates for July 2024 from the Idaho Department of Labor’s Local Area Unemployment Statistics (LAUS) had total employment and total unemployment increasing in the seven-county southeastern region. Seasonally adjusted, July’s preliminary estimates have labor force participants increasing by 1,177 people, with 1,161 more employed people and 16 more unemployed people. The seasonally adjusted unemployment rate is 3.5%, the same as June 2024 and .2% lower than July 2023.
Continue reading “Around Southeastern Idaho: Economic activity, August 2024”
| Top 10 occupations by unique job postings in south central Idaho, June 2024 | Postings, Jun-24 | Postings, Jun-23 |
|---|---|---|
| Retail salespersons | 136 | 99 |
| Registered nurses | 135 | 127 |
| Heavy and tractor-trailer truck drivers | 134 | 73 |
| First-line supervisors of retail sales workers | 72 | 75 |
| Customer service representatives | 61 | 60 |
| Cashiers | 58 | 36 |
| Sales representatives, wholesale, manufacturing, except technical and scientific products | 54 | 28 |
| Laborers and freight, stock, material movers and hand | 51 | 34 |
| Fast food and counter workers | 48 | 23 |
| General and operations managers | 47 | 45 |
| Source: Conference Board via Lightcast |
Region
- Labor demand in northern Idaho remained stable in July, 2024, with a total of 2,043 unique job postings in the region – a slight uptick from 1,872 in June. The unemployment rate rose slightly in July from 4.6% to 4.8%, increasing by a full percentage point from July 2023. Overall, total employment has decreased slightly over the last year.
North Central
- The Nez Perce Tribe was awarded a $37 million Climate Pollution Reduction Grant by the US Environmental Protection Agency (EPA) to install solar power infrastructure, improve residential weatherization, complete wood stove replacements and electric vehicle networks. Source: KOZE, EPA, Lewiston Tribune
- Gwen Fire Summary: The U.S. Forest Service reported a lightning bust on July 24th with over 3,000 lightning strikes that ignited 69 known wildfires throughout north central Idaho. 30-40 miles per hour wind gusts on July 25th resulted in the Gwen Fire quickly raging through nearly 29,000 acres of Nez Perce and Latah counties. Over 160 structures, including 38 primary residences, were destroyed. The fire closed parts of both Highway 3 and Highway 12 for over three days and resulted in an evacuation order for the entire City of Juliaetta.
Region
| Median price sold | 2024 | 2023 | Change |
|---|---|---|---|
| Ada | $545,000 | $542,450 | 0.5% |
| Adams | $640,000 | $825,000 | -22.4% |
| Boise | $510,000 | $712,500 | -28.4% |
| Canyon | $424,900 | $404,990 | 4.9% |
| Elmore | $373,995 | $355,000 | 5.4% |
| Gem | $456,750 | $519,000 | -12.0% |
| Owyhee | $392,450 | $475,000 | -17.4% |
| Payette | $383,000 | $387,000 | -1.0% |
| Valley | $770,000 | $721,500 | 6.7% |
| Washington | $314,500 | $318,540 | -1.3% |
| Source: Intermountain Multiple Listing Service | |||
| Days on market | 2024 | 2023 | Change |
|---|---|---|---|
| Ada | 36 | 33 | 9.1% |
| Adams | 100 | 38 | 163.2% |
| Boise | 41 | 52 | -21.2% |
| Canyon | 46 | 42 | 9.5% |
| Elmore | 41 | 35 | 17.1% |
| Gem | 40 | 62 | -35.5% |
| Owyhee | 42 | 83 | -49.4% |
| Payette | 44 | 66 | -33.3% |
| Valley | 56 | 42 | 33.3% |
| Washington | 40 | 70 | -42.9% |
| Regional average days | 49 | 52 | -7.1% |
| Source: Intermountain Multiple Listing Service | |||
Bonneville, Butte, Clark, Custer, Fremont, Jefferson, Lemhi, Madison and Teton counties
Region
Labor force estimates for July 2024 from the Idaho Department of Labor’s Local Area Unemployment Statistics (LAUS) have both total employment increasing and unemployment increasing in the nine-county eastern region. Seasonally adjusted, July’s preliminary estimates have labor force participants increasing by 1,754 people, with 1,578 more employed people and 176 more unemployed people. The seasonally adjusted unemployment rate is 3.1%, 0.1 percentage points higher than June 2024 and a half a percent higher than July 2023.