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Idaho Economic Outlook

Idaho Economic Outlook. Pacific Northwest Regional Economic Conference May 15, 2008 Presented By Michael Ferguson Idaho Division of Financial Management www.idaho.gov/dfm. 2004 Total Gross Domestic Product by State by State (Percent Change from Year Ago). Source: St. Louis FRB, GeoFred.

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Idaho Economic Outlook

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  1. Idaho Economic Outlook Pacific Northwest Regional Economic Conference May 15, 2008 Presented By Michael Ferguson Idaho Division of Financial Management www.idaho.gov/dfm

  2. 2004 Total Gross Domestic Product by State by State (Percent Change from Year Ago) Source: St. Louis FRB, GeoFred

  3. 2005 Total Gross Domestic Product by State by State (Percent Change from Year Ago) Source: St. Louis FRB, GeoFred

  4. 2006 Total Gross Domestic Product by State by State (Percent Change from Year Ago) Source: St. Louis FRB, GeoFred

  5. Idaho Employment Growth Rate2004 Source: April 2008 Idaho Economic Forecast

  6. Idaho Employment Growth Rate2005 Source: April 2008 Idaho Economic Forecast

  7. Idaho Employment Growth Rate2006 Source: April 2008 Idaho Economic Forecast

  8. Idaho Employment Growth Rate2007 Level (k) 656 9.6 16.2 14.9 53.1 111 32.5 10.9 20.9 83.2 73.6 63.3 104 Source: April 2008 Idaho Economic Forecast

  9. Idaho Employment Growth Rate2008 Source: April 2008 Idaho Economic Forecast

  10. Idaho Employment Growth Rate2009 Source: April 2008 Idaho Economic Forecast

  11. Idaho Employment Growth Rate2010 Source: April 2008 Idaho Economic Forecast

  12. Unemployment Rate Source: Idaho Dept of Labor and U.S. Bureau of Labor Statistics

  13. November 2007 Source: Philadelphia FRB

  14. December 2007 Source: Philadelphia FRB

  15. January 2008 Source: Philadelphia FRB

  16. February 2008 Source: Philadelphia FRB

  17. March 2008 Source: Philadelphia FRB

  18. Source: Philadelphia FRB

  19. Source: Philadelphia FRB

  20. Recent Events & Announcements The Good…. Micron Selects Boise for 300mm Process Areva Selects Idaho Falls for Uranium Enrichment Hoku Scientific Selects Pocatello for Polysilicon Plant Nordic Windpower Selects Pocatello for Turbine Plant The Not So Good…. Tamarack Resort Bankrupcy & Foreclosure AMI Semi Sold to ON Semiconductor, Layoffs Announced HP – Will “Rebalance” Imaging & Printing Division St Alphonsus Regional Medical Center Layoffs, Etc

  21. General Observations… Weak Dollar Largely positive for Idaho producers Canadians ♥ Coeur d’Alene High Energy Prices Broadly adverse – farmers, truckers, drivers, government, et al… (is anyone not impacted?) Some positives for related manufacturing (uranium reprocessing, wind turbines, etc) High Commodity Prices Farmers benefit (but input inflation worrisome) Mining activity up (north, central, southeast) House Price & Mortgage Crisis Idaho exposed, but to lesser degree (smaller price run up, fewer foreclosures) Nonresidential strength helping offset residential hits Broader impacts felt nonetheless, e.g. Tamarack Snowpack At/Above Normal Farmers relieved (but deeper problems will persist) Big Runoff = Great Boating Season (but could also fuel big fire season)

  22. Thank You! For more information, visit: http://dfm.idaho.gov/Publications/Econ_Publications.html

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