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

Idaho’s agricultural roots run deep, with certain regions of the state maintaining this traditional economic base within the broader sector of agri-business.

According to the U.S. Census of Agriculture's 2022 data, Idaho lost 2,119 farms and 144,000 acres of farmland between 2017 and 2022. While this sounds alarming, it's important to understand Idaho's industries usually follow national trends.

For example, it is important to note Idaho’s neighbors and the nation all followed the same downward trend of reductions in farms with a higher number of contiguous states losing ground by a greater ratio.

The argument can be made that production is not dropping, rather agriculture is following the route of manufacturing and producing more with less.

Other Stories

Around Idaho: Economic Activity, June 2024

Alternative measures of underemployment in Idaho

Unemployment insurance weekly requirements to increase July 7

Zoom webinar July 9: Fish and Outdoor Recreation

Idaho Economic Report - May data

May Consumer Price Index increases by 0.2%

Returning to the workforce: Apprenticeships help pave the way

The Idaho Department of Correction “envisions a safer Idaho with fewer people in the correctional system” according to its mission statement.

To help incarcerated people find work, the agency is hosting job fairs for prison residents who will be released in the next six months. The first job fair will take place in July, with more planned for the near future.

Through her work as apprenticeship program coordinator for correction, Crystal Robles sees how incarcerated people want to improve their lives. As a way to encourage this behavior, she decided to coordinate with prison staff to host job fairs.

Idaho's May unemployment rate remains at 3.3%

Idaho’s seasonally adjusted unemployment rate was 3.3% in May, unchanged since September 2023.

The state’s labor force increased by 1,679 people (0.2%) to 975,713 while the labor force participation rate — the percentage of people 16 years of age or older who are either employed or looking for work — remained at 62.7% between April and May.

Total employment increased by 1,363 (0.1%) to 943,123 as unemployment increased by 316 (1%) to 32,590.

The Idaho Department of Labor is an equal opportunity employer and service provider. Reasonable accommodations are available upon request. Dial 711 for Idaho Relay Service.

This Idaho Department of Labor project is funded by the U.S. Department of Labor for SFY24 as part of a Workforce Information grant (48%) and state/nonfederal funds (52%) totaling $704,259.

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