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Idaho Employment

A monthly update of how Idaho's economy is doing in your area - May 2022.

Hispanics, minorities continue to boost Idaho’s economic growth

The economic influence of Idaho’s minorities and Hispanic populations has continued to expand over the past 10 years and projections show it’s not likely to slow down.

Growth in buying power for nearly all cultures in Idaho outpaced the U.S. average, according to estimates provided by the Selig Center for Economic Growth at the University of Georgia. From 2010 to 2020, Idaho experienced some of the highest multicultural consumer growth in spending across all U.S. states. 

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Idaho population projected to top 2 million by 2031

Recent population projections from the Idaho Department of Labor anticipate Idaho will continue its record of rapid growth, with the total statewide population crossing over 2 million for the first time by 2031.

The 2020 Census revealed the Gem State was the second-fastest growing state in the nation over the decade from 2010 to 2020, and single-year population estimates have ranked Idaho as the fastest-growing state for the past five years.

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Learn about Idaho unemployment insurance trust fund and taxes

The UI Trust Fund is the center of the UI program.

The most basic function of the UI Trust Fund is as the pool where UI taxes Idaho employers pay are deposited and from which benefits paid to claimants are withdrawn. The diagram above compares it with a holding tank shaped like Idaho. As the amount of funds in the tank goes up or down, it determines the tax rates on employers.

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Other Stories

 

Vacancy rates provide insight to hiring challenges

Idaho's March unemployment rate falls to historic low of 2.7%

Idaho youth continue growing through Idaho Job Corps

March U.S. Consumer Price Index

Around Idaho: Economic activity by region in April 2022

Workforce trends: Economic data by county and region published monthly

Idaho Economic Situation report April 2022 (March data)

April 2022 Statewide Labor Force Data to be Released May 20

March 2022

Statewide unemployment rate
2.6%

Number of employed
907,537

Find more labor market statistics on our website at lmi.idaho.gov.

 
 


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