Recession

Boise State Public Radio

A leading Idaho Democrat says he’s seen a change in recent years in the way members of the Republican-controlled Legislature look at spending money.

Growth in Idaho’s economy has led to increased state revenue. As a result, Rep. John Rusche, D-Lewiston, says lawmakers who approved large cuts to state programs during the recession, have now changed their tact. Rusche is the House Minority Leader.

Idaho's Rainy Day Account Could Fund State Government For 15 Days

Jan 2, 2014
senate, legislature, capitol
Emilie Ritter Saunders / Boise State Public Radio

If forced to pay its bills using reserves, Idaho could've funded state government for 14.7 days last fiscal year. That data has been collected and analyzed by The Pew Charitable Trusts for all 50 states, going back to fiscal year 2000.

Jobs
Molly Messick / Boise State Public Radio/ StateImpact Idaho

Idaho employers reported hiring 23,400 workers in July.  That’s the highest number of new monthly hires since the Great Recession started according to the Idaho Department of Labor. 

The monthly report based on employer filings of newly hired workers within 20 days of their hiring showed July’s total exceeded July 2007 by 500.

The report features the number of people hired to fill new jobs as well as existing jobs that are filled because workers retired, died, quit or were fired. ~Idaho Department of Labor

Idaho’s Income Gap Continues To Grow

Mar 25, 2013

On Wednesday, the U.S. Bureau of Economic Analysis will release personal income data for 2012. In anticipation of that release, StateImpact Idaho pulled together personal income data going back to 1990 and compared it with the U.S. average. The data show a widening gap between Idaho and the country as a whole.

Molly Messick / StateImpact Idaho

Homeowners, credit intact, still making their monthly mortgage payments.  They’re not who we think of first when we think of the damage brought on by the housing crisis. But in a sprawling, master-planned southwest Boise subdivision called Charter Pointe, they’re a group that has struggled.

The Brookings Institution

Boise home values have improved by nearly five percent from their post-recession low.  That’s enough of an increase that a recent Brookings Institution report ranks the city first for its house price recovery.  StateImpact reported that finding early this week.

Jobless In Idaho: Short-Term Work Is A Short-Term Fix

Jun 14, 2012
Molly Messick / StateImpact Idaho

For months now, our “Jobless in Idaho” series has followed people here in Idaho as they search for work against hard odds.  Kelly Barker, a single mom from Meridian, had been out of work for the better part of a year when we met her last winter.  Since then, she’s made do with a combination of temp work, food stamps and unemployment benefits.  In April, those benefits were running out.

Barker was scouring the web for job possibilities when we last met.  It was a tense time, and Barker knew there was only one option.  She had to find work.  “I don’t have a contingency plan,” she said.  “You know, a mortgage payment – you’d have to have a lot of savings to sustain you for a long period of time, and I don’t, so I have ten weeks to find a job.  Period.”

Here’s one lesson of the economic downturn: unemployment disadvantages different age groups in different ways.

Idaho Recovers, Sort Of

Jun 6, 2012
Emilie Ritter Saunders / StateImpact Idaho

By one measure, Idaho’s economy has regained the ground it lost in the recession.

The state’s real gross state product (translation: the total value of all goods and services produced in Idaho, corrected for inflation) was greater in 2011 than it was in 2007.  That’s according to the Idaho Department of Labor.

Travel Loans Jeopardize Success For Idaho Refugees

May 10, 2012
Molly Messick / StateImpact Idaho

The weak economy has exposed shortcomings in a little-known program of the U.S. State Department.  Each year, tens of thousands of refugees arrive in the U.S.  Most take out federally-funded loans to cover the cost of travel.  Continue reading

Idaho’s Jobless Rate Dips Below 8 Percent

Apr 20, 2012
Job fair, unemployment
Emilie Ritter Saunders / StateImpact Idaho

Idaho’s seasonally adjusted unemployment rate for March dropped below 8 percent to 7.9 percent. The Idaho Department of Labor reports that’s the first time the state’s jobless rate has dipped below 8 percent in more than two years.  Still, almost 62,000 Idahoans are out of work.