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Change in Employee Compensation Committee January 17, 2018 The - - PowerPoint PPT Presentation
Change in Employee Compensation Committee January 17, 2018 The - - PowerPoint PPT Presentation
Change in Employee Compensation Committee January 17, 2018 The Current Labor Market & Idahos State Government Workforce Craig Shaul, Research Analyst Supervisor Craig.Shaul@labor.Idaho.gov Sam Wolkenhauer, Regional Labor Economist
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Recession
9.7% Unemployment Rate
Seasonally Adjusted 2006‐2017Nov.
■ US ■ Idaho
10% 3.5% 4.1%
Source: Idaho Department of Labor, U.S. Federal Reserve – December 2017
2.9% 4.1%
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Measures of Market Pressure
Idaho Median Wage Growth and the Unemployment Rate
Source: Bureau of Labor Statistics, Idaho Department of Labor 4
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2016 Idaho Median Wage
Surrounding States with National Rank, and Average Wage
Source: Bureau of Labor Statistics, Idaho Department of Labor, December 2017 5
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Idaho Key Growth Industries
2‐Yr. Job Increase: 2017Q1‐2019Q1
Source: Idaho Department of Labor, December 2017 6
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Population Growth
Mid‐2016 to Mid‐2017
Source: US Census Bureau, December 2017 7
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Source: American Community Survey, 2017 * Out‐migration from foreign countries is not available.
Idaho Total In-Migration, 2016
Top 10 Sources
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Idaho Total Out-Migration, 2016
Top 10 Destinations
Source: American Community Survey, 2017 * Out‐migration from foreign countries is not available. 9
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Idaho’s Net Migration
2016, Top Five States by Amount
Source: American Community Survey, 2017 * Out‐migration from foreign countries is not available. 10
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Year-over-Year Labor Force Growth
Idaho and Surrounding States, 2017Nov.
Source: Bureau of Labor Statistics 11
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Idaho Employment & Population
Percent change from 2000
Source: Bureau of Economic Analysis
+6.3%, 1,800 + 30.5%, 137,500 + 32.1%, 417,500
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State Gov’t Employment Metrics
Change from 1990 to 2017
Source: Idaho Department of Labor
44 residents 57 residents
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Summary
- Idaho has a hypercompetitive market for labor, placing upward pressure on wages.
- Employers in Idaho’s key growth industries will fill their positions by attracting
workers from other employers.
- State workers with transferrable skills and talent are the target of recruitment
efforts.
- Idaho’s labor force growth is not as strong as its population growth. Those not
joining the labor force are likely moving to Idaho to retire.
- State Government Employment levels have grown modestly since 2000 but have
not kept pace with population growth.
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