Market News

According to the Labor Department, Montana added 7,400 non-agricultural jobs between September 2017 and September 2018, representing an annual growth rate of 1.6%. For perspective, the U.S growth rate is about 1.7%. The state experienced pretty substantial monthly increases in employment over the last few months and I hope this will continue even as we see a slowdown in employment in the...

Oregon added 42,000 new jobs over the past 12 months, representing a very solid annual growth rate of 2.2%. In the second quarter Gardner Report, I stated that job growth in Oregon was starting to taper, but since then the state has made adjustments to figures from the last three years that now suggest job growth was stronger than originally reported. The Southwest Washington market...

Job growth in Idaho remains fairly strong. Over the past 12 months the state has added 22,000 new jobs, representing a solid growth rate of 3.1%. In August, the state unemployment rate was 2.8%, down from 3.1% a year ago. The state is, essentially, at full employment, and it appears my forecast predicting that Idaho would add just over 20,000 new jobs in 2018 will likely come true.

Washington State continues to be one of the fastest growing states in the nation and there is little to suggest that there will be any marked slowdown in the foreseeable future. Over the past year, the state has added 105,900 new jobs, representing an annual growth rate of 3.2%. This remains well above the national rate of 1.65%. Private sector employment gains continue to be...