December 2023’s jobs report for Boise City paints a picture of sustained but nuanced growth, mirroring the city’s appeal as a hub for diverse industries. While national economic concerns loom, preliminary data from the Bureau of Labor Statistics (BLS) indicates continued job expansion in specific sectors.
Highlights:
- Employment: Total nonfarm employment in the Boise City, ID Metropolitan Statistical Area (MSA) reached 401,600 jobs, representing an increase of 400 jobs from November 2023 and 12,900 jobs from December 2022.
- Unemployment: The seasonally adjusted unemployment rate remained stable at 3.0%, showcasing a tight labor market despite national trends.
Growing Industries and Occupations:
- Leisure and Hospitality: This sector led the pack with 1,400 new jobs, primarily in accommodation and food services, fueled by tourism and seasonal businesses.
- Trade, Transportation, and Utilities: Expansion in warehousing and transportation contributed 800 new jobs, highlighting growth in e-commerce and logistics.
- Professional and Business Services: Growth in professional, scientific, and technical services occupations added 500 jobs, showcasing a diverse professional landscape.
- Growing Occupations: Registered nurses, customer service representatives, sales representatives, and software developers and applications saw significant job growth.
Shrinking Industries and Occupations:
- Information: This sector declined by 50 jobs, potentially due to national market fluctuations or industry shifts.
- Financial Activities: This sector also shed 50 jobs, mirroring national trends impacting certain financial sectors.
Compared to Same Month Last Year:
- December 2023’s job growth of 3.3% surpassed the 2.8% increase in December 2022, signifying Boise City’s economic resilience and upward trajectory.
- The unemployment rate remained stable at 3.0%, indicating a competitive labor market despite national trends.
Compared to Previous Month:
- December 2023 saw slightly lower job gains than November 2023, potentially reflecting seasonal fluctuations or adjustments to initial estimates.
- The unemployment rate held steady, signifying a consistent labor market.
Future Outlook:
While experts predict continued job growth for Boise City in 2024, the pace might be slower than 2023. Expansion in healthcare, professional services, and construction could fuel job creation, but national economic uncertainties like inflation and rising interest rates remain concerning factors.
10 Growing Occupations:
- Registered Nurses
- Software Developers and Applications
- Customer Service Representatives
- Sales Representatives
- Construction Laborers
- Marketing Specialists
- Elementary and Middle School Teachers
- Physical Therapists
- Accountants and Auditors
- Truck Drivers
10 Companies Hiring Now:
- Micron Technology
- St. Luke’s Health System
- Albertsons Companies
- Boise Public Schools
- City of Boise
- Amazon
- Walmart
- The Home Depot
- Lowe’s Companies, Inc.
- Idaho Central Credit Union
Resources: