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Growth, recession, the transition of Idaho’s economy, and the effects of change on Idahoans.

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November 4, 2011

Idaho and the Wage Gap

The Government Accountability Office has released a new report on the persistent wage gap between working men and women.  Specifically, the report considers workers who have less education and earn lower wages.  Among its findings: “Even when less-educated women and men were in the same broad industry or occupation category, these women’s average hourly wage […]

November 1, 2011

Chance of Slipping Back into a Recession Grows

Idaho’s Division of Financial Management (DFM) released its latest economic forecast today and the news is gloomy.  The probably of slipping back into a national recession is higher than it was just three months ago.  “In the previous (July) forecast, the probability of the economy slipping into a recession was 25 percent,” says Derek Santos, […]

October 27, 2011

GDP: Three Little Letters, One Big Meaning

Gross Domestic Product is one of the measures used to define an economic recession or recovery. But what is GDP? Planet Money’s Adam Davidson goes to the grocery store with economist Simon Johnson to find out the answer. This is the first of a series of videos Planet Money is doing with Slate.

October 24, 2011

Business Owners Take On Recession vs Recovery

Some Idaho business owners say the same thing: recession or recovery, it doesn’t really matter what it’s called, business is slow.  Last week we talked with Idaho economists about this idea.  Boise State University economics professor Don Holley says labeling trends “recession” or “recovery” does make a difference.  “If we were still (technically) in a […]

October 21, 2011
October 20, 2011

The Three R’s: Recession, Recovery, Relevance

Idaho’s economy, like the national economy, has technically been in recovery mode since June 2009.  That’s when the latest recession ended.  It lasted 18 months, from December 2007 until June 2009.  The National Bureau of Economic Research is the group of independent economists that makes these declarations. Here at StateImpact Idaho, we’re trying to find […]

Idaho’s Private Sector in 2010

Here’s a closer look at Idaho’s 2010 private sector gross state product, in millions of dollars. [spreadsheet key=”0AiLU6Cs5LWZIdHJNaVpiZWVNV1JzaHhvZWVRQkJFb3c” source=”U.S. Bureau of Economic Analysis” sheet=0 filter=0 paginate=0 sortable=1] According to the Idaho Department of Labor, the value of all goods and services produced rebounded in 2010 by 3.3 percent.  Losses were still recorded in the construction, […]

October 19, 2011

What’s in a Word? How Idaho Economists View the Recovery

We’re on a mission to find out from economists, business owners, workers and everyone in between what the words Recession and Recovery mean in Idaho.  Here’s what three economists had to say. “It’s almost like economists who are focusing on this narrow view of what constitutes a recession have almost made themselves irrelevant.  Most people […]

October 14, 2011

Pew Study Links Declining U.S. & Idaho Birthrates to the Recession

A noticeable decline in the U.S. birthrate is linked closely to the economic recession starting in 2008.  A new Pew Research Center report out this week says there were a record number of births in 2007, just as the economy slid into the recession, when 4,316,233 babies were born.  Preliminary data for 2009 indicate the number […]

Idaho Dairy Farmers Struggle to Find Optimism

It’s hard to find optimism about the state of Idaho’s dairy industry among the very people who operate farms, milk cows, and try to make a living selling their product.  The Idaho Dairymen’s Association reports there were 569 dairies in the state as of September 30th, 2011. That’s a significant drop from a few years ago […]

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