UNITED STATES EMPLOYMENT FACTS June 2017

JOBS ADDED: 222,000

EMPLOYMENT GROWTH: 1.6%

UNEMPLOYMENT: 4.4%

Sources: U.S. Bureau of Labor Statistics

EMPLOYMENT GROWTH BY COUNTYMay 2016 - May 2017

IDAHO EMPLOYMENT CHANGES BY INDUSTRY

May 2016 - May 2017

INDUSTRYGrowth

RateTotal

Change

Natural Resources & Mining -10.3% -400

Construction 4.3% 1,800

Manufacturing 1.4% 900

Trade, Trans., Utilities 1.9% 2,600

Information 3.3% 300

Financial Activity 3.9% 1,300

Professional & Business Services 0.8% 700

Education & Health Services 4.6% 4,600

Leisure & Hospitality 1.7% 1,200

Other Services 4.1% 1,000

Government 3.1% 3,800

TOTAL 17,700

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

Source: Idaho Department of Labor

IDAHO CONSTRUCTION SECTOR EMPLOYMENTMay 2017

Source: U.S. Bureau of Labor StatisticsNote: Shaded area represents recession defined by the National Bureau of Economic Research.

42,900jobs in

May 2017

53,200jobs in

Apr. 2007

Idaho continues to have one of the fastest growing labor markets in the nation. While the state’s annual employment growth slowed from 2.6 percent in April to 2.4 percent in May, it is tied for 4th best in the country. Idaho’s unemployment rate continues to improve and fell another two tenths of a percent from 3.4 to 3.2 percent. For the second month in a row, the education and health services sector led the way in job creation, growing at an annual rate of 4.6 percent. Professional and business services, which lost 600 jobs in April from the year-before, gained 700 in May. The state’s CoreLogic Home Price Index gained 8.3 percent annually in May, which is higher than national averages of 6.6 percent, and up from 6.8 percent in April.

IDAHO | JUL 2017

Highlights

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

Q2 2016 Q3 2016 Q4 2016 Q1 2017

1.4% 3.5% 2.1% 1.4%

Source: Bureau of Economic Analysis

ROBERT SPENDLOVEEconomic and Public Policy Officer

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

joseph.mayans@zionsbank.com (801) 844-7887www.zionsbank.com/economy

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DEMOGRAPHICSIdaho Population and Components of Change

HOUSINGMedian Home Sale Price: April 2017

U.S.: $222,000; Idaho $207,762

Source: Graphiq.com reporting data from CoreLogicNote: Shaded area represents recession defined by the National Bureau of Economic Research.

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

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

• Per Capita Personal Income: $39,107 (2016) 47th

• Personal Income (% Change): 3.6% (2015-2016) 20th

• 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

8.3% HOME PRICE INDEX (May 2016 - May 2017) 6.6%

0.02% FORECLOSURE RATE

(May 2017)0.06%

INTEREST RATES

4.25% - Prime Interest Rate (Current)

4.05% - 30 Year Fixed Rate Mortgage (As of July 7, 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

Source: U.S. Census BureauNote: Left axis = total population; Right axis = components of population change

Total Population Natural Increase Net Migration

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

Source: U.S. Census Bureau

POPULATION GROWTH BY COUNTY2015 - 2016