As of Wednesday, August 29, 2018
Where you live can have a large influence on how much money a person makes, and who doesn’t want to live in a place where incomes are rising quickly?
SmartAsset, a financial technology company, recently analyzed Census data for a five-year period to determine where incomes were growing the fastest, and Idaho County ranked among the top places in Idaho.
Idaho County ranked number six (nationally, it’s at 892) and had an overall income growth of 2.1 percent from five years earlier.
Caribou County had the highest income growth at 4.4 percent. Next were Power and Butte counties at 3.7 percent each; Latah County at 2.8 percent; Cassia County at 2.7 percent; Idaho at 2.1 percent; Boundary and Blaine counties, each at 2 percent; Minidoka County at 1.9 percent; and Nez Perce County at 1.7 percent.
Of those top 10 counties listed above, the lowest unemployment rate is in Blaine County (2.7 percent), followed by Caribou at 2.9 percent; Minidoka and Nez Perce, each at 3.3 percent; Cassia at 3.1 percent; Butte at 3.6 percent; Latah at 3,7 percent; Power and Boundary each at 4.1 percent; and the highest. Idaho County, at 4.9 percent. Overall, the state unemployment average is listed at 3.9 percent in this study.
You can go on-line to https://smartasset.com/taxes/idaho-paycheck-calculator#idaho/income to type in your income and see where your paycheck is going, in terms of taxes and other deductions.
— Sources: SmartAsset, government websites, US Census Bureau 2014 & 2009 5-Year American Community Survey, MIT Living Wage Study,
Bureau of Labor Statistics
... however, still above 5 percent unemployment rate
Idaho County unemployment rates have seen a slight increase this summer and remain several points above the state’s overall low numbers.
According to the Idaho Department of Labor, 23 of Idaho’s 44 counties had unemployment rates above the state’s 2.9 percent rate in July. Five counties experienced rates at or above 5 percent, of which Idaho County was one, reporting 5 percent. Others in the region were Clearwater, 7.1 percent; Lewis, 6.7 percent; and Adams, 6.2 percent.
The July preliminary report for Idaho county reported 6,282 in the civilian labor force, of which 314 were unemployed. This compares with 6,277 and 283, respectively, in June (4.5 percent unemployment); and 6,149 and 292 a year ago July (4.8 percent unemployment).
Year over year, the state continued to see strong job growth as employers increased payrolls. Total nonfarm jobs grew by 3.4 percent - for a total of 24,300 jobs – the second fastest growth rate in the nation in July. The construction and manufacturing sectors grew more than 5 percent, gaining a total of 5,800 jobs. The information sector declined by 100 over the year, while natural resources had no over-the-year growth.
Annually, unemployment insurance benefit payments were down 12 percent from a weekly average of $1.2 million a year ago to $1 million weekly for July 2018. The number of claimants decreased by 13 percent to 3,630 from a weekly average of 4,170 a year ago.