As the Idaho unemployment level hovered at 4 percent in October — down from 4.6 percent one year prior, according to the Idaho Department of Labor — employment was up across nearly every county and sector.
That indicated greater economic health for the state than if a single region or company had driven the increase, says economist Craig Shaul, supervisor of the department’s research analysts. “The labor force is being sucked up by the economy, “ Shaul says. “It’s a worker’s market right now.”
Skilled positions, such as builders and software developers, are highest in demand. Employers in all industries — but especially those needing skilled workers — will likely raise wages to compete for applicants, Shaul says.
“It’s basic economics, “ he says. “If the low unemployment keeps going, employers will have to raise wages to attract from a scarce supply of workers.”
The jobless rate dipped again slightly in November to 3.9 percent.