Wage Growth In Boise: A Look From January 2024 To Now

Boise Employment and Wage Trends: January 2024 to Present

The Bureau of Labor Statistics (BLS) provides comprehensive data on occupational employment and wages in Boise. A comparative analysis from January 2024 to the most recent data highlights significant regional labor market trends.

As of May 2023, Boise exhibited a diverse employment landscape with various industries contributing to its economic growth. The average hourly wage in the area was $28.07, reflecting the competitive nature of the job market1. By January 2024, this figure had shown a slight increase to $28.25, indicating a steady rise in wages as the year progressed.

The consumer price index (CPI) for the Pacific Cities, including Boise, also showed notable changes. In January 2024, the CPI stood at 280.513. Recent figures indicate a marginal increase to 282.401. This uptick in the CPI suggests a modest rise in the cost of living, consistent with inflationary trends observed across the country.

Employment data reveals a healthy job market in Boise City, with the number of jobs steadily increasing from January 2024 to the present. Initially, the region reported approximately 370,000 nonfarm jobs. As of the latest data, this number has grown to around 375,000, highlighting ongoing job creation and economic expansion.

Unemployment rates have remained relatively stable. In January 2024, Boise's unemployment rate was 2.8%. Current statistics indicate a slight decrease to 2.7%, underscoring the region's strong labor market and low unemployment levels.

Boise continues to demonstrate positive economic indicators, with gradual wage increases, a stable CPI, and robust job growth. These trends underscore the city's vibrant economic environment and its appeal as a destination for both employers and job seekers.

For detailed statistics and further information, visit the Bureau of Labor Statistics.