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Idaho second quarter wages up from last year |
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January 10, 2017 |
Idaho’s private sector average weekly wage grew
by $30 between the second quarters of 2015 and
2016 to $743.
The state’s 4.2 percent over-the-year increase
during the second quarter of 2016 was twice the
national average rate of 2.1 percent and put
Idaho in fourth place behind Washington, New
Hampshire and Oregon in over-the-year wage
growth for the second quarter.
Nationally the most significant wage declines
were in the energy-producing states of Alaska,
West Virginia, Wyoming and North Dakota.
Almost all Idaho industries saw solid gains in
the average weekly wage. Management of companies
and enterprises led the way with double-digit
increases of 27 percent, followed by retail, up
10 percent. Only educational services, real
estate and rental and leasing experienced slight
declines.
Covered employment also grew during this period,
with Idaho increasing 3.9 percent, second in the
nation behind Utah (4.2 percent) and double the
national average of 1.9 percent.
Almost all of Idaho’s industries also
experienced over-the-year employment growth.
Administrative and waste services; educational
services; construction; arts, entertainment and
recreation; and accommodation and food services
all saw average employment gains of greater than
5 percent. Four industries experienced a
decrease in employment – wholesale trade;
mining; management of companies and enterprises;
and information together lost 640 jobs. Overall,
the economy gained 21,575 jobs.
Over the past three years, Idaho’s wages have
grown by 9.4 percent, ninth in the nation. These
gains move Idaho’s average weekly wage to 48th
in the country up one spot from 49th a year ago.
For more information, visit
LMI.Idaho.gov.
The data used in this release comes from the
Quarterly Census of Employment and Wages (QCEW)
and covers over 90 percent of employment in
Idaho. QCEW serves as the primary source for
employment and wage information reported by
employers for workers covered by state and
federal unemployment insurance laws and provides
the best possible insight into the labor market. |
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