Idaho Long-Term Employment Growth Optimistic

The Idaho Department of Labor has recently published long-term projections forecasting what Idaho’s labor market will look like in the year 2024. The outlook is very optimistic. Idaho’s employment is projected to grow by 1.8 percent annually through 2024. This compares favorably to the national growth projections of only 0.6 percent annually over the same time period, according to the federal Bureau of Labor Statistics. This forecast would surely put Idaho in a familiar place among the fastest-growing states.

Optimism is warranted by more than just the overall growth rate. Within the projections program, Idaho Labor has forecast scenarios for dozens of different major sectors and industries in the economy, with accompanying forecasts for occupations. According to these projections, Idaho’s economy will see significant growth in two important areas: service sectors and STEM occupations – science, technology, engineering and mathematics. The graph below shows the projected growth rates across various sectors of the economy.

graph-1Source: Idaho Department of Labor

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Paylocity Receives $1.2 Million to Train New Employees

Paylocity Corporation (NASDAQ: PCTY) has contracted with the Idaho Department of Labor to use $1.2 million in Idaho Workforce Development Training Funds to equip its new employees with the skills necessary to operate its new Idaho facility.

The positions will pay an average hourly wage of $21 plus employer-assisted medical benefits.

Read more details in the full news release.

Micro-Grant to Fund Training for Manufacturing Workers in Mini-Cassia Area

The Minidoka County School District will use a $25,000 micro-grant from the Idaho Department of Labor to provide skilled workers for manufacturing companies in Minidoka and Cassia counties.

Training will be offered as a two-year program to high school juniors and seniors at Minico High School and will include basic knowledge of welding, electrical wiring, centrifugal and positive displacement pumps, using basic hand and power tools, reading blueprints, safety procedures and soft skills. The classroom setting will be supplemented by lab and worksite training at partner companies.

Read more details in the full news release.

Around Idaho: July 2016 Economic Activity

Information provided in this article is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern
Eastern Idaho

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone counties

Kootenai County

  • Post Falls has begun a $14.75 million project to upgrade its water reclamation facility to meet the dual goals of river cleanup and odor abatement. The project, which is expected to be completed by the end of the year, will reduce the odor pollution which often affects surrounding neighborhoods. The upgrades will also improve the purification of the wastewater, which the facility discharges into the Spokane River. Source: Coeur d’Alene Press

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Youth Construction Trades Project Has a Successful Start

Jim Cox of JC Contractors met the students at the Broadway Bridget project in Boise, explaining the details about the job.

Jim Cox of JC Contractors met the students at the Broadway Bridge project in Boise, explaining the details about the job.

Twelve individuals are one step closer to beginning their career in the construction industry after an intensive training program.

Over two weeks earlier this summer, these 12 students participated in a youth construction training project using  Workforce Innovation and Opportunity Act program funds.

The project blends the employment needs of youth with in-demand local construction industry jobs and consists of prescreened, low income and/or at-risk youth 18- to 24-years-old who have obtained their high school diploma or GED.

“I signed up for the program because it’s very beneficial for me or anyone else who wants to be successful and have a career,” said Stratton Nzansabandi, 19. “Once you get out of high school most of us don’t know what we’re doing, so it’s better to do this program; it’s free training, you get paid during your internship training and you get to start a career.”

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Idaho’s International Students Make Significant Economic Impact

International student enrollment around the country has helped shore up enrollment at many colleges and universities while pumping money into local economies.

Analysis shows that sponsored foreign students add more than $98 million to Idaho’s Gross Domestic Product (GDP) and create as many as 1,565 jobs – 582 direct jobs in the education sector and 983 additional jobs across various industry sectors due to the indirect effect of inter-industry spending and the induced effect of household spending.

International student enrollment has been strongest at Idaho State University (ISU), but for a variety of reasons, that number may begin declining.

A March 2016 New York Times article reported tension building among some of the ISU international students, faculty and the community resulting in students leaving the area for other schools.

In addition, with the King Abdullah Scholarship Program for Saudi Arabian students announcing deep funding cuts, there is the sense that the state of Idaho could be dealing with significant financial losses in the foreseeable future.

How Many Foreign Students are in Idaho?

Open Doors Data, a database managed by the Institute of International Education in partnership with the Bureau of Educational and Cultural Affairs, keeps a yearly record of all foreign students in the United States. Their records show that in spring 2015, a total of 4,592 international students were enrolled in postsecondary institutions across the state. This has not always been the case. The foreign student enrollment in the state hovered around 2,000 for several years. Following a spike in enrollment in the 2011-2012 academic year, the growth rate has – to date – increased exponentially.IS-chart-1

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Benefits of Reporting ‘Hours’ on Quarterly UI Tax Reports

UI-screenshot

 

Idaho employers using the Department of Labor’s online electronic system for reporting wages can now include employee hours in their quarterly reports.

A 2014 survey of employers and other stakeholders uncovered several benefits to businesses and their employees from reporting hours such as:

  • Reducing/consolidating employer reporting requirements.
  • Reducing unemployment insurance fraud.
  • Improving corporate hiring and retention practices.
  • Helping employers set competitive wages.
  • Aligning employer demands for labor with education and workforce training initiatives.
  • Developing more effective education and training programs.
  • Greater accountability in public spending on education and training programs.
  • Providing consumer information for improved decision making.
  • Increasing knowledge and understanding about local, regional and state labor markets.

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