Via the LMT. The entire forecast report can be found online, at https://dfm.idaho.gov.
The latest economic forecast for Idaho predicts decent job and income growth for the state through at least 2021, despite the threat of trade wars and increasing odds of a recession.
The Division of Financial Management released the updated projections this week. The estimates are based in part on a national forecast supplied by IHS Markit.
The baseline estimate calls for 3.1 percent growth in Idaho’s nonfarm employment this year, or an increase of about 22,000 jobs. That’s expected to slow to about 2 percent per year over the next three years.
Personal income is projected to increase 4.5 percent this year, followed by 5.2 percent to 5.3 percent growth from 2019 to 2021.“Most sectors in the Idaho economy have shown job growth last year and this year, and most are expected to continue that growth through next year,” according to the forecast report.