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Old 06-06-2009, 09:06 PM
 
Location: Ponderay, Idaho
445 posts, read 1,323,112 times
Reputation: 490

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Quoted from the IdahoStatesman.com:

Quote:
Idaho's unemployment rate rose to 7.8 percent in May, according to the Idaho Department of Labor.

The jobless rate in the Treasure Valley shot up to 9.6 percent, a 1.2 percentage point increase from April. The Valley's rate topped the nation's for the first time this recession. The national rate for May rose to 9.4 percent.

Idaho's unemployment rate had held steady between March and April, briefly raising hopes that the rapid rise in the state and Valley jobless rates could be slowing.

The total number of people out of work in Idaho is a record 58,000, the department said.

A number of job sectors, including manufacturing, wholesale trade and financial, all shed jobs between April and May, the Labor Department said.
Where, oh where, is that magical stimulus money? Will it help unemployment numbers when it shows up? Is this really happening, or is this just a bad dream?


pimit2 (Bob)
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Old 06-07-2009, 12:30 AM
 
1,056 posts, read 2,670,579 times
Reputation: 842
In my humble opinion, I don't think and never have thought that Idaho was extremely well positioned to rebound from the economic crisis, despite the early hopeful prognostications (well, at least most of Idaho - it seems as if eastern Idaho never really hit hard by the crisis, and they seem to still be doing okay).

We just don't have the right economy. Here in Boise it was always tough to find a job unless you were doing construction or real estate. They say the tech industry here was and is strong, but Micron, MPC, and HP have all had massive layoffs, and in the case of MPC, closed thier doors. A few others have followed. We just don't have that vibrant and diversified economy that would help ease the suffering.

The positive outlook was that Boise was never at a super high that other places, like Vegas, Miami, and Atlanta were, and we haven't (and probably won't) had a super precipitous fall. Our recovery should be faster simply because so.
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Old 06-07-2009, 12:39 AM
 
Location: FINALLY in N. Idaho
1,043 posts, read 3,426,514 times
Reputation: 316
If the jobless rate was 8% in So Cal they would be dancing in the streets..... In some area's 1 out of every 4 people is out of work..
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Old 06-07-2009, 09:25 AM
 
2,942 posts, read 1,622,932 times
Reputation: 1726
Idaho needs to be more like Utah and less like Oregon on jobs.
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