Idaho Jobs & Economy Thrive Under Republican Leadership!
Idaho Senate Republicans are working to keep our economy strong. Under Republican leadership, Idaho continues to make incredible gains in jobs and economic growth. Here are some of Idaho's most recent economic rankings:
1st in Household Income Growth
Idaho had the highest growth in Median Household Income in the nation, by far, from 2017 to 2018.
13th Nationwide & 1st in the West in Personal Income Growth
Idaho had the thirteenth-highest growth in personal income nationwide, and first-highest in the entire Western US, for the Third Quarter of 2019.
8th in GDP Growth
Idaho had the eighth-highest growth in state Gross Domestic Product, which measures the total value of goods and services produced, for the Third Quarter of 2019.
12th-Lowest Unemployment Rate
Idaho is tied for twelfth-lowest unemployment rate in the nation, at 2.9 percent.
8th-Lowest Poverty Rate
Idaho’s poverty rate, using the Supplemental Poverty Measure which factors in government assistance, is the eighth-lowest in the nation. (See pages 28-29 in link)
3rd for Women-Owned Business’ Economic Clout
7th-Best State for Business
Idaho ranks seventh in US News’ 10 Best States for Business, which measures lowest tax burden and most venture capital investments. “Idaho had the highest business birth rate in the nation between 2016 and 2018.”
9th-Best Taxwise for Low-Income Earners, 11th-Best for Middle-Income Earners
According to a WalletHub analysis of the liberal Institute for Tax & Economic Policy’s annual "Who Pays?" report, Idaho is the 9th-best state from a tax perspective for low-income earners, the 11th best for middle-income earners, and the 16th-best for high-income earners.