May 08, 2019
Idaho Real Estate Market Update
Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Job growth in Idaho continues to moderate. The state added 19,400 new jobs over the past 12 months, representing an annual growth rate of 2.7%. That said, the growth rate remains well above the national average of 1.7%. In March, Idaho’s unemployment rate was 2.9%, matching the level seen a year ago.
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February 07, 2019
Idaho Real Estate Market Update
Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Job growth in Idaho slowed in the fall of 2018 but the state added 13,200 new jobs over the past 12 months, representing an annual growth rate of 1.8%. In November, the state unemployment rate was 2.6%, down from 3% a year ago. The state remains at full employment, which explains why we are seeing a slowdown in employment growth. I fully anticipate that the state will return to...
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November 06, 2018
Idaho Real Estate Market Update
Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Job growth in Idaho remains fairly strong. Over the past 12 months the state has added 22,000 new jobs, representing a solid growth rate of 3.1%. In August, the state unemployment rate was 2.8%, down from 3.1% a year ago. The state is, essentially, at full employment, and it appears my forecast predicting that Idaho would add just over 20,000 new jobs in 2018 will likely come true.
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August 07, 2018
Idaho Real Estate Market Update
Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Job growth in Idaho tapered somewhat over the past few months but the state is still adding jobs at a fair pace. In total, the state has added 21,800 new jobs over the past 12 months, representing a solid growth rate of 3.1%. In May, the state unemployment rate was 3.1%, down from 3.4% a year ago. The state is, essentially, at full employment but I still stand by my forecast that Idaho will...
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May 08, 2018
Idaho Real Estate Market Update
Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Idaho has added 24,000 new jobs over the past 12 months, representing an impressive growth rate of 3.4%. In February, the state unemployment rate was 3% and, with the ongoing growth in the labor force, there are clearly still jobs out there to be had. Through the duration of the year, I expect Idaho’s employment growth to continue outperforming the U.S. as a whole.
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February 08, 2018
Idaho Real Estate Market Update
Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Idaho added 14,700 new jobs in 2017, representing a growth rate of 2.1%. Although this is still a reasonable figure—and well above the total U.S. rate— this rate continues a cooling off we’ve seen over the past few quarters, which is to be expected as the state has essentially reached full employment.
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November 06, 2017
Idaho Real Estate Market Update
Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Idaho added 15,000 new jobs over the past 12 months, a growth of 2.1%. We have noticed a drop in the annual growth rate compared to 2016 but this is nothing to be concerned about. The state is at full employment and it is natural to see a slowdown in growth at this point in the economic cycle.
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August 07, 2017
Idaho Real Estate Market Update
Posted in Idaho Real Estate Market Update by Matthew Gardner, Chief Economist, Windermere Real Estate
Idaho has added 16,800 new jobs over the past 12 months, representing an above average growth rate of 2.4%. The Education & Health Services sector showed the largest annual job growth, up 4.8%. There were also strong employment gains in Construction, Government Services, Leisure & Hospitality, and Manufacturing.
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