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Idaho Employment
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January 2025
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A monthly update of how Idaho's economy is doing in your area
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Idaho leads nation in income growth rate and dollar change
The U.S. Census Bureau’s 2019-2023 American Community Survey release shows Idaho leads the nation in median household income growth rate at 15.5%, compared with the previous survey for 2014-2018.
In addition, Idaho’s median household income increased by $10,011 from the previous five-year survey, doubling the nation’s uptick of $5,144 and higher than the other 49 states and District of Columbia.
Idaho's labor markets normalize and project further growth
 Idaho’s economy and labor market experienced extreme and varied conditions in recent years. The COVID-19 pandemic in 2020 sparked an unprecedented burst of job losses, pushing unemployment to record levels in Idaho and across the nation.
However, the return to normal economic activity in 2022 left Idaho employers rushing to refill the jobs temporarily lost during the pandemic, resulting in open job postings rising to nearly 80,000 by the summer of 2022.
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Idaho's population surpasses 2 million in 2024
Idaho’s population continued its long-running pattern of growth in 2024, surpassing 2 million residents, according to the U.S. Census Bureau.
The state’s total population on July 1, 2024, was 2,001,619 people, an increase from 1,971,122 people in 2023. The total increase of 30,497 people gave Idaho an annualized growth rate of 1.5%, which ranked 7th in the nation. This information comes from the newly released Vintage 2024 Population Estimates published by the U.S. Census Bureau on Dec. 19.
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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 SFY25 as part of a Workforce Information grant (40%) and state/nonfederal funds (60%) totaling $885,703.
This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The U.S. Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.
      
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This email was sent by Idaho Department of Labor from 317 W. Main St., Boise, ID, 83735,
United States
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