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Biz ‘Bite:’ Idaho’s September unemployment rate upticks slightly
The Idaho Department of Labor (IDL) is reporting that Idaho's seasonally adjusted unemployment rate edged up from 2.7% in August to 2.8% in September as the labor force saw gains in both employed and unemployed workers. Total employment grew by 1,714 (0.2%). The total number of unemployed increased by 1,224 (4.8%). Nationally, the unemployment rate decreased to 3.5% in September from the August ra[...]
Idaho’s declining quitters and the mysterious July layoffs
[caption id="attachment_285990" align="alignright" width="300"] National and Idaho data for rates of job openings, hires, quits and let-gos, according to data issued by the U.S. Bureau of Labor Statistics. Click to enlarge. Graphic by Catie Clark[/caption] Last year in October, the U.S. Bureau of Labor Statistics (BLS) issued its report on the August 2021 Job Openings and Labor Turnover Survey [...]
Blaine County to help teachers who can’t find an affordable place to live
Housing in Blaine County is so expensive teachers are living in the streets, and the shortage of affordable options has affected the school district’s ability to recruit and retain its workforce. “There are teachers who live in RVs parked on the streets or Forest Service land,” said Blaine County Education Association co-president Brenda Southwick, a Spanish teacher in the distric[...]
Express Employment International hopes to franchise the southern Idaho job market potential
Read More IBR Headlines [feed url="https://idahobusinessreview.com/category/ibr-headlines/feed/" number="3"] As the fourth-largest staffing firm in the United States — according to Staffing Industry Analysts’ latest report — and top 25 for Entrepreneur’s 2022 Franchise 500 list, Express Employment International might seem like it has few markets left yet to conquer. However, Idaho Fa[...]
Biz ‘Bite:’ College of Eastern Idaho cuts ribbon on job training center
The College of Eastern Idaho (CEI) cut the ribbon on its new Eastern Idaho Workforce Training Center on Sept. 21, though the ceremony wasn’t the occasion to open a new building. The ribbon cutting honored the transfer of an existing property from Bonneville County to the college. [caption id="attachment_285034" align="alignright" width="300"] The College of Eastern Idaho workforce training ce[...]
University of Idaho expanding industrial robotics program
The University of Idaho (U of I) is partnering with several companies to expand its industrial robotics program in northern Idaho. The expansion is spearheaded by Idaho Forest Group, a Coeur d’Alene-based company producing dimensional lumber such as 2 x 4s and 2 x 6s. The company is contributing $750,000, $320,000 of which is to create two identical robotics laboratories in Coeur d’Alene[...]
Idaho’s most recent hires, quits and layoffs
[caption id="attachment_284859" align="alignright" width="300"] Idaho terminations from April 2021 through August 2022 compared to the national rate. Click to enlarge. Graphic by Catie Clark[/caption] The U.S. Bureau of Labor Statistics (BLS) released data for every state on Sept. 16 that updates information through August on job openings, hiring, quitting and firing. The big takeaway in this[...]
Idaho unemployment bumps up to 2.7%, labor force grows
Idaho’s unemployment rate rose one-tenth of a percent to 2.7% in August but remained below 3% for the seventh consecutive month, state officials said Friday. The Idaho Department of Labor said that more than 930,000 Idaho workers have jobs while about 26,000 are seeking work. The agency said the state’s labor force of 956,000 is up by 4%, or nearly 37,000 workers, compared to August 2021[...]
Is Idaho a good place to work? Report says no
Read More IBR Headlines [feed url="https://idahobusinessreview.com/category/news/ibr-headlines/feed/" number="3"] In its 2022 survey of the best places to work, Oxfam America found that the best state for worker rights and protections was Oregon. Next door in Idaho, Oxfam ranked Idaho at 43rd. Oxfam America is the independent U.S. branch of the international anti-poverty Oxfam group of ch[...]
Biz ‘Bite:’ Can this Payette teacher afford to teach?
Read More IBR Headlines [feed url="https://idahobusinessreview.com/category/ibr-headlines/feed/" number="3"] The Idaho Business Review has not taken out its Idaho Cost of Living calculator since May. For September, in recognition of the teacher shortage in Idaho, we fired it up and updated it with current mortgage interest rates. In order to keep things grounded in reality, we found a tea[...]
Micron to invest $15B in new Boise fab
Micron Technology, Inc. (NASDAQ: MU), has announced plans to invest approximately $15 billion to construct a new fab for leading-edge memory manufacturing in Boise. This will be the first new memory manufacturing fab built in the United States in 20 years, according to the announcement, and it is intended to ensure domestic supply of leading-edge memory required for market segments like automoti[...]
Biz ‘Bite:’ Age correlates to 2021-2022 quit rates
As 2021 and Q1/Q2 2022 economic data ripen into studies and published reports, various sources have noted that 2021-2022 quitting trends have generational differences. For example, nationally renowned economist Eliot Eisenberg noted on Aug. 25 that: “Over the past two years, 29% of the working population changed employers. Among Boomers the percentage was low at just 15%…However, for Gen Zers [...]
