About Business & Jobs
The ability to get a job is essential to building assets. When the economy is strong, established businesses feel confident enough to invest in new employees. When entrepreneurs and small business owners have access to fair loans, they can expand and help grow the economy even more.
Business & Jobs in Idaho
Idaho’s unemployment rate is at its lowest rate since 2007. The annual average for 2017 was 3.1 percent unemployment. Low unemployment is good for job seekers and conditions could improve further if the skill gap could be narrowed, which refers to difference between the skills job seekers have to offer and the type of career readiness needed by employers.
Nearly 20 percent of Idahoans work for a business employing fewer than 100 people. The vast majority of this population works for a microenterprise with fewer than 5 employees. Small business ownership occurs at a higher rate in Idaho than the rest of the nation, making it more important to have access to fair lending options.
Resources on Business & Jobs
Idaho Center for Fiscal Policy: Critical Crossings, an Economic Profile of IdahoIdaho Department of Labor: Statewide Workforce Trends Idaho Department of Labor: Hot Jobs Through 2024Economic Opportunity: How We HelpIdaho Asset Building Map