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Economic Update

Economic Update. 2006-2016 Regional Employment Projections State of the Labor Force. Bob Uhlenkott Chief Research Officer Idaho Department of Labor November 19, 2008. Idaho’s Employment Outlook.

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Economic Update

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  1. Economic Update • 2006-2016 Regional Employment Projections • State of the Labor Force Bob Uhlenkott Chief Research Officer Idaho Department of Labor November 19, 2008

  2. Idaho’s Employment Outlook Employment in Idaho is projected to increase more than 20 percent from roughly 711,000 in 2006 to 854,000 in 2016. If annual job replacements are also taken into account, job openings will rise to more than 30,000 annually. • 2006-2016 Regional Employment Projections

  3. How does Idaho’s industry growth compare to the nation’s? Source: BLS 2006-2016 Industry Projections and IDOL 2006-2016 Industry Projections.

  4. What are HOT Industries? Hot industries are those that on average rank high in three major criteria — the abundance of jobs in the economy, jobs which are growing the fastest and jobs with the highest pay.

  5. Idaho’s Hot Industries… 1 Ambulatory Health Care Services Change in Employment: +10,677 Growth Percentage: 42.3% Median Hourly Wage: $15.08 2 Local Government, Excluding Education and Hospitals Change in Employment: +7,506 Growth Percentage: 27.7% Median Hourly Wage: $18.37 3 Administrative and Support Services Change in Employment: +16,958 Growth Percentage: 43.2% Median Hourly Wage: $12.22 Source: IDOL 2006-2016 Industry Projections.

  6. What are HOT Jobs? Hot Jobs are those that on average rank high in three major criteria — the abundance of jobs in the economy, jobs which are growing the fastest and jobs with the highest pay.

  7. Idaho’s HOT Jobs… 1 Registered Nurses Change in Employment: +3,617 Growth Percentage: 36.7% Annual Openings: 523 Median Hourly Wage: $25.25 Required Education: Associate Degree 2 Pharmacists Change in Employment: +595 Growth Percentage: 42.9% Annual Openings: 84 Median Hourly Wage: $45.10 Required Education: First Professional Degree Source: IDOL 2006-2016 Occupational Projections.

  8. Idaho’s HOT Jobs… 3 Business Operations Specialists, All Other Change in Employment: +1,537 Growth Percentage: 34.4% Annual Openings: 202 Median Hourly Wage: $22.61 Required Education: Bachelor’s Degree 4 Dental Hygienists Change in Employment: +477 Growth Percentage: 50.7% Annual Openings: 66 Median Hourly Wage: $33.70 Required Education: Associate Degree Source: IDOL 2006-2016 Occupational Projections.

  9. 2006-2016 Regional Employment Projections Available Monday online at: LMI.Idaho.gov or Labor.Idaho.gov

  10. Fastest Growing Industries by Region

  11. HOT Jobs by Region

  12. Region 1 HOT Jobs

  13. Region 2 HOT Jobs

  14. Region 3 HOT Jobs

  15. Region 4 HOT Jobs

  16. Region 5 HOT Jobs

  17. Region 6 HOT Jobs

  18. State of the Labor Force

  19. Which state has the fastest-growing economy? It's Idaho, thriving quietly! September - 2007 By Dennis Cauchon

  20. Unemployment Insurance • Tax Rates for 2009 Roger B. Madsen Director Idaho Department of Labor November 19, 2008

  21. Unemployment Rate Forecasts March 2008 October 2008

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