UNITED STATES EMPLOYMENT FACTS February 2017

JOBS ADDED: 235,000

EMPLOYMENT GROWTH: 1.6%

UNEMPLOYMENT: 4.7%

Sources: U.S. Bureau of Labor Statistics

PERCENT CHANGE IN EMPLOYMENTDecember 2015—December 2016

IDAHO EMPLOYMENT CHANGES BY INDUSTRY

January 2016 - January 2017

INDUSTRYGrowth

RateTotal

Change

Natural Resources & Mining 5.6% 200

Construction 9.9% 3,600

Manufacturing 4.0% 2,500

Trade, Trans., Utilities 2.5% 3,400

Information 5.7% 500

Financial Activity 5.4% 1,800

Professional & Business Services 4.7% 3,800

Education & Health Services 4.1% 4,100

Leisure & Hospitality 2.4% 1,600

Other Services 4.3% 1,000

Government 2.5% 2,900

TOTAL 25,400

Source: Idaho Department of Labor and Bureau of Labor Statistics, Seasonally Adjusted, Total Nonfarm

Source: Idaho Department of Labor; Seasonally Adjusted, Total Employment

IDAHO TOTAL NONFARM EMPLOYMENTJanuary 2017

Source: U.S. Bureau of Labor Statistics; seasonally adjusted total nonfarm employmentNote: jobs added in thousands; Totals rounded to nearest thousand.

-59,000jobs from 2007-2010

+114,000 jobs since

2010

Total Employed: 713,000

Employment Growth: 4.0%Rank: 1st

Unemployment Rate: 3.6%Rank: 12th

U.S. GROSS DOMESTIC PRODUCTChange in U.S. Gross Domestic Product

Q1 2016 Q2 2016 Q3 2016 Q4 2016

0.8% 1.4% 3.5% 1.9%

Source: Bureau of Economic Analysis

Idaho’s labor market slowed in December, with the yearly employment growth rate dropping from 2.4 percent in November to 1.9 percent in December, ranking Idaho 12th in the nation for employment growth. The state’s unemployment rate improved slightly, decreasing from 3.8 percent in November to 3.7 percent in December. The financial industry continued to experience the largest yearly growth for the state, increasing by 7.1 percent from December 2015 to December 2016, representing an addition of 2,400 jobs. Idaho’s housing market also showed signs of cooling with the construction industry only adding 400 jobs for the year (+1.0 percent from December 2015 to December 2016), and the median home sales price dropping from $210,000 in October to $205,319 in November.

2.0% or more

1.5% to 1.9%

1.0% to 1.4%

0.0% to 0.9%

Loss

IDAHO | MAR 2017Highlights

ROBERT SPENDLOVEEconomic and Public Policy Officer

Contact our team for more information or to schedule a speaking engagement.

robert.spendlove@zionsbank.com (801) 560-5394

deborah.speed@zionsbank.com (801) 844-7887www.zionsbank.com/economy

Content is offered for informational purposes only and should not be construed as tax, legal, financial or business advice. Please contact a professional about your specific needs and advice. Content may contain trademarks or trade names owned by parties who are not affiliated with ZB, N.A. Use of such marks does not imply any any sponsorship by or affiliation

with third parties, and ZB, N.A. does not claim any ownership of or make representations about products and services offered under or associated with such marks.

A division of ZB, N.A. Member FDIC As of March 13, 2017

DEMOGRAPHICSIdaho Population and Components of Change

HOUSINGMedian Home Sale Price: December 2016

U.S.: $215,000; Idaho $213,355

Source: Graphiq.com reporting data from CoreLogic

• Median Household Income: $51,624 (2015) 35th

• Annual Mean Wages & Salaries: $40,810 (2015) 43rd

• Per Capita Personal Income: $37,509 (2015) 48th

• Personal Income (% Change): 3.4% (2014-2015) 34th

• Population Growth Rate: 1.8% (2016: 1,683,140) 3rd

• Total Fertility Rate: 2.12 (2013) 6th

• Median Age: 35.8 (2015) 5th

• Household Size: 2.72 (2015) 8thSource: U.S. Census Bureau of Economic Analysis, U.S. Bureau

of Labor Statistics, National Center for Health Statistics, statista.com. Notes: 1. Ranking are based on the most recent data for all states and

may differ from other data. 2. Rank is most favorable to least favorable.

STATE FACTS (VALUE & RANK)

IDAHO United States

9.0% increase HOME PRICE INDEX (Jan 2016 - Jan 2017)

6.9% increase

0.04% FORECLOSURE RATE

(Jan 2017)0.06%

INTEREST RATES

3.75% - Prime Interest Rate (Current)

4.29% - 30 Year Fixed Rate Mortgage (As of Mar 9, 2017)

Sources: Prime Interest Rate and 30 Year Fixed Rate Mortgage from Wall Street Journal. Home price indexes from CoreLogic. Foreclosure rates from RealtyTrac.com

Sources: Utah Governor’s Office of Management and Budget, U.S. Census BureauNote: Left axis = total population; Right axis = components of population change

Total Population Natural Increase Net Migration

1,683,140

18,869

10,296

U.S.: 0.7%; Idaho: 1.8%; Rank: 3rd

Source: U.S. Census Bureau

U.S. Population Growth: 2015 - 2016

1.5% or more

0.7% to 1.4%

0.0% to 0.1%

Population Loss

0.2% to 0.6%