Idaho Employment Newsletter August 2017

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Idaho Department of Labor

Idaho Employment

A monthly update of how Idaho's economy is doing in your area August 2017

 

Idaho's Construction Resurges Post Recession

The construction industry suffered disproportionate job losses during the course of the Great Recession as property values plummeted and the over-heated housing market contracted. An oversupply of housing in many parts of the country caused construction to shrink for several quarters even after other industries had begun to grow again. During the post-recession growth period, however, Idaho’s construction industry has outperformed the rest of the country, fueled by the state’s high rate of population growth and the associated demand for housing and commercial space.

 

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Idaho House Price Index

Job Creation and New Business Startups in Idaho

Idaho’s new business establishments have added more than 10,000 private sector jobs per year over the past two decades, accounting for between 20 to 30 percent of private sector gross job gains and nearly all net private sector job growth. Since the end of the last recession, the share of private sector new businesses in Idaho’s economy has risen faster than surrounding states and the nation as a whole, growing from 7 percent of all establishments in 2010 to more than 11 percent in 2016.

 

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Other Stories


Around Idaho: July 2017 Economic Activity


Idaho June Unemployment Rate Declines to 3.1 Percent

 

Fraudulent Back Wage Payment Claims Land Oregon Contractor in Prison


Idaho Economic Situation Report


June 2017

 

Statewide Unemployment Rate

3.1%

 

Number of Employed

793,283

 

Find more labor market statistics on our website at lmi.idaho.gov.