Economy - Secretary of State of Idaho

[Pages:5]Economy

Agriculture near Hazelton

Photo Courtesy of Idaho Tourism

Labor and Wages

Labor Force Civilian Labor Force Unemployment % Unemployed Employment

2014 779,631

38,106 4.9

741,525

2015 794,675

33,666 4.2

761,009

2016 812,856

30,577 3.8

782,279

2017 833,462

26,299 3.2

807,163

2018 857,049

24,317 2.8

832,732

Source: Labor Market Information website: lmi., Idaho Department of Labor

Average Annual Employment & Wages Per Job

2007

2016

2017

Avg Empl

Avg Wage

Avg Empl

Avg Wage

Avg Empl

Avg Wage

Agriculture Mining Construction Manufacturing Trade, Utilities, & Transportation Information Financial Activities Professional & Business Services Educational & Health Services Leisure & Hospitality Other Services Government

21,588 2,290

31,217 53,124

$27,725 $66,779 $38,153 $49,388

24,603 2,366

39,479 63,769

$34,039 $71,658 $41,605 $55,247

24,654 2,172

42,716 66,120

$35,464 $71,315 $42,803 $61,475

120,169 $31,671 134,814 $37,643 136,734 $38,821

9,673 $41,117 8,994 $49,216 8,892 $50,919 26,881 $41,606 29,914 $52,481 30,953 $53,873

74,114 $42,524 84,538 $45,898 88,322 $48,583

80,572 $35,329 94,933 $40,754 96,364 $40,904

57,879 $13,806 71,676 $15,816 74,926 $16,372

15,303 $24,190 17,321 $28,578 17,923 $30,083 112,664 $36,191 115,594 $40,182 117,564 $41,445

Source: Bureau of Economic Analysis, Idaho Department of Labor

Idaho Rankings in Employment & Labor

Value

US Ranking

Average Annual Pay (2016)

$39,637

49

Unemployment Rate (2017)

2.9%

7

Labor Force: % Women (2016)

57.2%

30

Job Growth (2016?2017)

2.1%

7

% Emp: Construction (2017)

6.1%

7

% Emp: Manufacturing (2017)

9.4%

21

% Emp: Mining/Logging (2017)

0.5%

13

% Emp: Ed and Health Svcs (2017)

14.8%

29

NW Ranking*

7 1 6 4 4 2 4 2

*Idaho's rank relative to the state's six neighbors: Montana, Wyoming, Utah, Nevada, Oregon and Washington. Values are Ranked from High to Low (Highest = 1)

Source: Idaho Fiscal Facts 2018: A Legislator's Handbook of Facts, Figures, & Trends

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Economy

County Name

Ada Adams Bannock Bear Lake Benewah Bingham Blaine Boise Bonner Bonneville Boundary Butte Camas Canyon Caribou Cassia Clark Clearwater Custer Elmore Franklin Fremont Gem Gooding Idaho Jefferson Jerome Kootenai Latah Lemhi Lewis Lincoln Madison Minidoka Nez Perce Oneida Owyhee Payette Power Shoshone Teton Twin Falls Valley Washington

Annual Average Labor Force (2018)

Labor Force Employed Unemployed % Unemployed

244,525 1,722

41,686 2,835 4,021

23,357 12,323

3,329 19,610 55,403

5,296 1,382

690 100,275

3,831 11,750

405 2,925 2,190 11,416 6,920 7,781 8,141 8,105 6,426 13,488 11,963 77,765 20,267 3,511 1,637 2,738 21,678 11,031 21,053 2,339 5,448 11,535 4,090 5,068 6,407 40,747 5,313 4,632

238,510 1,628

40,547 2,753 3,835

22,724 12,032

3,188 18,807 54,077

5,061 1,338

674 97,188

3,723 11,488

393 2,728 2,102 11,044 6,772 7,592 7,862 7,910 6,125 13,183 11,659 75,065 19,769 3,354 1,547 2,646 21,304 10,753 20,474 2,288 5,252 11,122 3,972 4,777 6,263 39,651 5,113 4,440

6,015 94

1,139 82

186 633 291 141 803 1,326 235

44 16 3,087 108 262 12 197 88 372 148 189 279 195 301 305 304 2,700 498 157 90 92 374 278 579 51 196 413 118 291 144 1,096 200 192

2.5% 5.5% 2.7% 2.9% 4.6% 2.7% 2.4% 4.2% 4.1% 2.4% 4.4% 3.2% 2.3% 3.1% 2.8% 2.2% 3.0% 6.7% 4.0% 3.3% 2.1% 2.4% 3.4% 2.4% 4.7% 2.3% 2.5% 3.5% 2.5% 4.5% 5.5% 3.4% 1.7% 2.5% 2.8% 2.2% 3.6% 3.6% 2.9% 5.7% 2.2% 2.7% 3.8% 4.1%

Source: Local Area Unemployment Statistics, County Data: US Department of Labor, Bureau of Labor Statistics

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363

State of Idaho United States

Per Capita Income

2013 2014 2015 $36,146 $37,153 $38,392 $44,765 $46,414 $48,112

2016 $40,508 $49,831

2017 $41,826 $51,640

Source: Work Force Trends, Idaho Department of Labor

Ada Adams Bannock Bear Lake Benewah Bingham Blaine Boise Bonner Bonneville Boundary Butte Camas Canyon Caribou Cassia Clark Clearwater Custer Elmore Franklin Fremont

County Per Capita Income (2017)

$49,900 $36,851 $36,987 $37,634 $35,520 $35,535 $102,546 $43,549 $39,310 $45,413 $34,576 $37,885 $37,216 $31,370 $38,020 $44,132 $38,562 $34,454 $42,868 $36,239 $34,781 $35,638

Gem Gooding Idaho Jefferson Jerome Kootenai Latah Lemhi Lewis Lincoln Madison Minidoka Nez Perce Oneida Owyhee Payette Power Shoshone Teton Twin Falls Valley Washington

$36,225 $56,256 $32,369 $33,779 $38,279 $42,224 $39,575 $40,056 $44,577 $34,342 $25,132 $37,706 $42,487 $34,831 $35,410 $38,509 $36,969 $35,285 $37,314 $38,291 $46,550 $34,313

Source: US Dept. of Commerce, Bureau of Economic Analysis: Regional Data

Major Private Employers

Business

Industry

Albertsons

Retail Trade

Battelle Energy Alliance

Professional & Technical Services

Brigham Young University Idaho

Private Education

Hewlett-Packard Company

Technology & Manufacturing

Idaho Power Co

Public Utilities

J. R. Simplot Company

Manufacturing

Kootenai Medical Center

Health Services

Micron Technology

Technology & Manufacturing

Saint Alphonsus Regional Medical Center

Health Services

St. Lukes Regional Medical Center

Health Services

Wal-Mart

Retail Trade

Wells Fargo Bank

Banking

Source: Work Force Trends, Idaho Department of Labor

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Economy

Stanley, Idaho

Photo Courtesy of Jodi Doggett

Agriculture

Ranking

Value US NW*

Number of Farms (2016)

24,300 34

4

Avg Acres Per Farm (2016)

486 14

5

Farm Income: Crops (2016)

$2,809,522,000 21

3

Farm Income: Livestock (2016)

$4,300,405,000 12

1

Farm Income: Gov't Pymts (2016)

$158,281,000 25

3

Acres Planted (2017)

4,195,000 21

2

Acres Harvested (2017)

4,064,000 22

2

*Idaho's rank relative to the state's six neighbors: Montana, Wyoming, Utah, Nevada, Oregon and Washington. Values are Ranked from High to Low (Highest = 1)

Source: Idaho Fiscal Facts 2018: A Legislator's Handbook of Facts, Figures, & Trends

Cash Receipts Breakdown ? Livestock & Crops

2017 Livestock Cash Receipts 2017 Crops Cash Receipts 2017 Total Cash Receipts

$4,380,506,000 $2,962,456,000 $7,342,962,000

Source: Idaho Agriculture Facts 2017, Idaho State Department of Agriculture

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365

2017 Top Idaho Commodities

Product Potatoes Trout Austrian Winter Peas Barley Alfalfa Hay Sugarbeets Wrinkled Seed Peas Hops Peppermint Oil Cheese Prunes & Plums (Fresh) Milk Oniona (Dry) Lentils Milk Cows Spring Wheat Dry Edible Beans Dry Edible Peas Canola Sheep and Lambs Winter Wheat Wool All Hay Honey All Cattle and Calves

Rank 1 1 1 1 2 2 2 2 2 3 3 4 4 4 4 4 5 6 7 7 7 7 8 8 12

% of US 34 46 43 34 8 18 30 13 29 8 21 7 8 4 6 8 8 2 1 4 4 7 4 3 3

Source: Idaho Agriculture Facts 2017, Idaho State Department of Agriculture

Idaho Food and Agriculture Products Exported (2018)

Commodity

$ (Millions)

Dairy

$356.2

Processed Vegetables Wheat

$296.0 $295.7

Beef

$179.2

Fresh Vegetables Feeds

$157.7 $106.2

Processed Grain Products Livestock

$74.6 $61.8

Hides and Skins

$35.7

Corn Poultry

$16.1 $8.7

Pork

$3.4

Fresh Fruits

$3.0

Processed Fruits

$2.7

Vegetable Oils Other

$1.0 $383.0

Total

$1,992.9

Source: Idaho Agriculture Facts 2017, Idaho State Department of Agriculture

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Economy

Commodity

Milk (all) Cattle and Calves Potatoes Hay Wheat Sugarbeets Barley Corn (Grain) Dry Edible Beans Hops Onions Peppermint Apples Dry Edible Peas Lentils Peaches Honey Oats

2017 Top Idaho Commodities

Harvested Acres N/A N/A

310,000 1,430,000 1,109,000 166,000 510,000 115,000 178,000

7,000 8,000 16,000 2,100 13,000 35,000 800 N/A 10,000

Cash Receipts ($1000) $2,515,844 $1,376,883 $974,966 $717,832 $426,305 $292,040 $230,138 $99,216 $83,030 $68,796 $47,483 $29,568 $8,150 $2,855 $8,789 $6,629 $7,482 $1,938

Source: Idaho Agriculture Facts 2017, Idaho State Department of Agriculture

Ernest Hemingway House

Photo Courtesy of Idaho State Historical Society

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367

Country Canada Mexico China

South Korea Japan Netherlands Spain Australia Peru Singapore Philippines Chile Thailand Taiwan Other

Where Idaho Agricultural Exports Go:

2017 Export Market Share

% Market Share 26.05% 20.45% 7.41%

6.79% 5.57% 5.18% 3.41% 2.96% 1.58% 1.30% 1.24% 1.14% 1.04% 1.00% 14.88%

Source: Idaho Agriculture Facts 2017 Idaho State Department of Agriculture

Transportation

Ranking Value US NW*

Per Cap Fed Highway Fund (2016)

$173 12

3

% Federally Funded Road & Street Miles (2016)

22.8 36

4

Pub Road & Street Mileage (2016)

51,342 35

4

Highway Fatalities Per 100 Million Vehicle Miles (2015)

1.3 15

3

Alcohol Related Fatalities as a % of all Highway Fatalities (2016)

35 17

2

Safety Belt Usage Rate (2016)

82.9% 39

5

Vehicle Registrations (2016)

1,842,245 37

5

% Fatalities Young Drivers (2015)

7.9

5

2

*Idaho's rank relative to the state's six neighbors: Montana, Wyoming, Utah, Nevada, Oregon and Washington. Values are Ranked from High to Low (Highest = 1)

Source: Idaho Fiscal Facts 2017: A Legislator's Handbook of Facts, Figures, & Trends

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