Know About Wages
“How much does this job pay?”
Although you hold back the urge to blurt this question out during an interview, it is top of mind as you scan the employment ads, consider a career change or prepare for the first leap from school to work.
There are two main types of compensation, or “earnings,” employees receive for their skills, efforts, production and time – wages and benefits.
The recession did not curb the growth of alcoholic beverage manufacturers in Idaho. Breweries, distilleries and wineries were already making a mark 20 years ago in the state, but the business has taken off in specific regions since.
Southwestern Idaho has the highest payrolls and average employment for wineries and breweries, but the distillery business is still strongest in the eastern part of the state where fermented potatoes are made into vodka.
Southeastern Idaho is the only region without any alcoholic beverage manufacturing on an industry scale.
Industry classification reflects the business activity of a person’s employer or company. Occupational classification reflects the type of job or work that the person does, according to the U.S. Bureau of Labor Statistics. Long-term occupational projections for Idaho will appear in another article in the future.
Employment by Major Industry Sector
Idaho jobs are projected to increase 109,000 to 781,000 from 2012 to 2022, according to long-term projections from the Idaho Department of Labor. This 16 percent increase over 10 years is more than double the growth Idaho experienced in the previous decade.
From 2002 to 2012, goods-production industries, excluding agriculture, shed more than 14,000 jobs to fall from 16 percent of the economy to just over 13 percent. Jobs in the service sector filled the gap, increasing from 70 percent to 75 percent of all jobs. Through 2022 goods production should hold its own and increase its share of total jobs fractionally, gaining nearly 18,000 jobs over the decade to exceed 106,000 by 2022. Construction and manufacturing have returned to positive annual growth, but mining is expected to add just over 100 jobs in stark contrast to the more than 900 jobs added during the previous 10 years.
Hot jobs coupled with occupational mobility are important factors in identifying a career path or administering education and training programs.
Registered nurses rank highest on the hot jobs list — those that, on average, rank high in the abundance of jobs in the economy, the fastest rate of growth and the highest pay. Registered nurses continue to be one of the most in-demand occupations in Idaho. The top five hot jobs through 2020 are in the health care industry.
To stay eligible for unemployment insurance benefits, you must file a weekly report at labor.idaho.gov/cc. You must also be working less than full time, be available and physically and mentally able to work and actively seeking full-time employment. You also must be willing and able to work all the days and hours normal for the type of work you seek. Finally, you need to remain in the area unless you are seeking work outside of where you live.
Trucking is one of several industries that can be a fairly accurate economic barometer. During 2007 as the economy slid into recession, the industry experienced declines in the amount of freight being shipped – a clear and early indication that the nation’s economy was slowing down.
The trucking industry is still attempting to recover from the job losses suffered after 2007 as are other industries. Since then, the number of heavy and tractor-trailer drivers has decreased from nearly 1.7 million to just below 1.6 million in 2013 – a 5.9 percent decline.
(Click on the tables to increase the size)
Benewah, Bonner, Boundary, Kootenai & Shoshone counties
- Idaho Forest Group, operator of five mills in northern Idaho, is expanding into cross-laminated timber – a super-strong engineered wood called CLT. The expansion is a partnership with the Johann Offner Group, a global manufacturing company headquartered in Wolfsberg, Austria. Idaho Forest Group will be the first in the United States to sell CLT, which is layers of lumber oriented at right angles to one another and glued together to form rigid panels with exceptional strength and stability. Together, the two family-owned companies will market and distribute CLT building systems in the U.S. as soon as this year. Idaho Forest Group will initially import CLT with an eye toward manufacturing it within three years.
- North Idaho College trustees accepted the college administration’s proposal to fill a budget shortfall of $352,000 for fiscal year 2015 by raising tuition $2 per credit hour for Kootenai County students and $6 per credit hour for out-of-district students. Local students taking 12 credits will now pay $1,511 per semester, a 1.6 percent increase.
- New Jersey Mining Co. of Coeur d’Alene, which owns the New Jersey Mill in Kellogg, bought 13 patented mining claims covering 220 acres near Elk City from Vancouver, B.C.-based Premium Exploration Inc., for $425,000. PennStarter, a newly formed division of Coeur d’Alene-based stock brokerage Pennaluna & Co., had raised more than $1 million for New Jersey Mining through its online equity funding portal launched last November so people could invest mainly in startup companies. New Jersey Mining was one of three companies that PennStarter initially included on the website. PennStarter specializes in the mining and natural resources industry.
Since the 1960s, Idaho, like the rest of the United States, has seen dramatic changes in marriage customs. They, in turn, affect the makeup of households, which determines the strength of consumer spending, home stability for children and the educational attainment and size of the available workforce.
Attitudes toward marriage have changed dramatically in the past two or three decades.
While marriage once was a first step into adulthood, it now is one of the last steps. Andrew J. Cherlin, a professor of sociology and public policy at Johns Hopkins, wrote in an April 27, 2013, New York Times article that “marriage has become the capstone experience of personal life — the last brick put in place after everything else is set. … Young adults with greater earning potential, who can afford the capstone celebration, are still marrying in large numbers while those with poorer economic prospects are holding off. According to the National Center for Family and Marriage Research, 88 percent of 35- to 44-year-old women with four-year college degrees have married, compared with 79 percent of those without high-school diplomas. In fact, young adults without college degrees are increasingly likely to put off marriage and have their first children in cohabiting relationships, sometimes years before they marry. Nearly all of the increase in childbearing outside of marriage in the last two decades is from births to cohabiting couples, most without college degrees, rather than to single mothers.
“More than 90 percent of American women with four-year college degrees wait until after they are married to have children. … Moreover, their marriages are lasting longer — since 1980 the divorce rate has dropped faster for those with college degrees so that about one in six of their marriages ends in divorce in the first 10 years compared with nearly one in two marriages among people without high school degrees.”
Large decreases in initial claims imply impending employment strength and economic growth for Idaho.
Workers who lose their jobs and are covered by the unemployment insurance program usually file an initial unemployment claim, serving notice that they are beginning a period of unemployment. In 2008 only 36 percent of the total unemployed received unemployment insurance benefits nationwide, but information from those initial claims can indicate labor market conditions and provide insight into the direction of the economy.
Large increases in claims draw attention because they suggest looming employment weakness, which could spread throughout the economy. In the depths of the recession, the number of initial claims in Idaho hit a record 28,314 in December 2008. Employment levels were plummeting and the number of workers filing continuing benefit claims each week was climbing. Continue reading