Change in Employee Compensation Committee January 17, 2018 The - PowerPoint PPT Presentation

Change in Employee Compensation Committee January 17, 2018

The Current Labor Market & Idaho’s State Government Workforce Craig Shaul, Research Analyst Supervisor Craig.Shaul@labor.Idaho.gov Sam Wolkenhauer, Regional Labor Economist Samuel.Wolkenhauer@labor.Idaho.gov

Unemployment Rate Seasonally Adjusted 2006‐2017 Nov. ■ US ■ Idaho 10% Recession 9.7% 4.1% 4.1% 3.5% 2.9% 3 Source: Idaho Department of Labor, U.S. Federal Reserve – December 2017

Measures of Market Pressure Idaho Median Wage Growth and the Unemployment Rate 4 Source: Bureau of Labor Statistics, Idaho Department of Labor

2016 Idaho Median Wage Surrounding States with National Rank, and Average Wage 5 Source: Bureau of Labor Statistics, Idaho Department of Labor, December 2017

Idaho Key Growth Industries 2‐Yr. Job Increase: 2017 Q1 ‐2019 Q1 6 Source: Idaho Department of Labor, December 2017

Population Growth Mid‐2016 to Mid‐2017 7 Source: US Census Bureau, December 2017

Idaho Total In-Migration, 2016 Top 10 Sources 8 Source: American Community Survey, 2017 * Out‐migration from foreign countries is not available.

Idaho Total Out-Migration, 2016 Top 10 Destinations 9 Source: American Community Survey, 2017 * Out‐migration from foreign countries is not available.

Idaho’s Net Migration 2016, Top Five States by Amount 10 Source: American Community Survey, 2017 * Out‐migration from foreign countries is not available.

Year-over-Year Labor Force Growth Idaho and Surrounding States, 2017 Nov. 11 Source: Bureau of Labor Statistics

Idaho Employment & Population Percent change from 2000 + 32.1%, 417,500 + 30.5%, 137,500 +6.3%, 1,800 12 Source: Bureau of Economic Analysis

State Gov’t Employment Metrics Change from 1990 to 2017 57 residents 44 residents 13 Source: Idaho Department of Labor

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. 14

Questions? Craig Shaul Research Analyst, Supervisor Craig.Shaul@labor.idaho.gov 208-457-8789 ext. 3201