Thursday, January 6, 2011

Labor Spokesman to Lawmakers: Idaho Lost 2,500 Employers During Recession

Posted By on Thu, Jan 6, 2011 at 2:14 PM

Idaho lawmakers got a jarring job report Thursday afternoon at the Economic Outlook and Revenue Assessment Committee hearing.

"The few job gains we experienced over the last few years were in fits and starts and it simply stalled out last spring," said Bob Fick, spokesman for the Idaho Department of Labor.

The economy shed 50,000 jobs during the recession, and Fick said we shouldn't expect recovery anytime soon. While the official unemployment numbers for December 2010 aren't expected until Friday, Jan. 7, Fick said we shouldn't expect much of a change from the current 9.4 percent jobless rate, only two-tenths lower than record highs in the 1980s.

Fick also reported a startling statistic that isn't reported often-during the recession Idaho experienced a net loss of 2,500 employers, many of them small employers that provide more than half of Idaho's jobs and 44 percent of Idaho's wages.

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