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Idaho labor market looks healthy, state economists tell revenue committee
Summary
State labor economists told the committee that Idaho’s labor market remains strong with low unemployment (~3.7%) and steady job growth; the Department of Labor forecasts moderate, sustainable job additions rather than the 'superheated' growth seen in 2022.
Idaho’s labor market shows continued strength and moderation rather than collapse, state labor economists told the revenue assessment committee.
Sam Wolkenpauer, an economist at the Idaho Department of Labor, said the state’s unemployment rate has averaged in a structurally low range since 2016 and remains near 3.7 percent. "Idaho's labor market is not showing signs of distress — unemployment is low, hiring continues…
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