Providing access to Yellowstone Bear World, Rexburg isn’t the only gateway community in Idaho that benefits from travelers on their way to nearby Yellowstone Park.
In fact, many Idaho communities are destinations in and of themselves. One such destination is Teton Valley. Located on the western slope of the Teton Mountain range, its scenic views draw people from all over the world. Visitors can fly directly to Idaho Falls, Jackson Hole, or Salt Lake City and drive a relatively short distance to the valley.
Teton Valley hosts events throughout the year, generating economic activity in surrounding areas. Some of the most notable events are its summer concert series and its Great Snowfest, in which visitors can attend snow sculpting demonstrations and Skijoring competitions, among other things. Apart from festivals and events, Teton Valley offers a significant number of attractions for summer hikers and winter outdoor enthusiasts.
Visitors to Idaho’s Teton Valley boost economic activity in local communities they pass through. The dollars they spend fund employees’ salaries and facilitate business growth in services and hospitality. As Idaho continues to invest in its tourism industry by facilitating accessible roads, infrastructure and services, the numbers of visitors will rise, and all will benefit.
Idaho Labor Market. Idaho’s unemployment rate has declined one-tenth of a percent to 3.9 percent. Idaho has enjoyed that largest March-to-March increase since 2006 in seasonally-adjusted nonfarm jobs, which grew by 3.6 percent year over year, or 24,000 total jobs. The strongest year-over-year employment gains occurred in the construction, manufacturing, education, health services, leisure and hospitality, and other services industries. Information, mining and logging were the only sectors that experienced annual employment declines. The United States’ unemployment rate increased one-tenth of a percent from last month to 5.0 percent.
Idaho’s quickly-improving labor market is outperforming the nation, ranking first in the U.S. for job growth in the last year. March marked the ninth consecutive month that total unemployment decreased in Idaho. In keeping with this trend, unemployment benefit payments have fallen by 2.3 percent since this time last year. Idaho residents are enjoying job security that is unmatched across the nation and are incurring lower costs for welfare, which could lead to savings during tax season.