Recession

State Revenue
4:06 pm
Thu January 2, 2014

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

Idaho state lawmakers return to session Jan. 6.
Credit 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.

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New Hires
4:00 pm
Fri August 2, 2013

New Hires In Idaho Land On A High Note For July

People wait in line at a Idaho Department of Labor job fair earlier this year.
Credit 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

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StateImpact Idaho
3:55 pm
Mon March 25, 2013

Idaho’s Income Gap Continues To Grow

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.

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StateImpact Idaho
9:48 am
Wed February 13, 2013

Boise’s Housing Bust Leaves Unlikely Victims In A Neighborhood That Saw The Worst

Ryan, Scott and Tara Arellano, at home in their kitchen
Credit 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.

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StateImpact Idaho
5:34 pm
Thu July 5, 2012

Mountain West Recovery Outpaces Nation’s, Brookings Says

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.

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StateImpact Idaho
10:06 am
Thu June 14, 2012

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

Kelly Barker, in the backyard of her Meridian home.
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.”

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StateImpact Idaho
1:19 pm
Wed June 13, 2012

Work Prospects Vary Not Just By Generation, But By Graduation Class

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

StateImpact Idaho
10:52 am
Wed June 6, 2012

Idaho Recovers, Sort Of

Meridian worker trains to become a mechanical technician.
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.

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StateImpact Idaho
9:35 am
Thu May 10, 2012

Travel Loans Jeopardize Success For Idaho Refugees

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

StateImpact Idaho
10:19 am
Fri April 20, 2012

Idaho’s Jobless Rate Dips Below 8 Percent

Job seekers talk with potential employers at a job fair in Meridian, Idaho.
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.