Idaho Reports will return January 2009 "We're going to be experiencing . . . pain," says state economist(12-12-2008) State economist Mike Ferguson said that over the next year Idahoans will continue to lose jobs, the state's unemployment rate will continue to rise, and sales and income revenues will continue to decline. Ferguson noted the U.S. economic downturn is comparable to that of the early 1980's. He said the effects of that "depression"-like economy trickled down to Idaho, which was also hit with major job losses. Ferguson said the current forecast is the worst he has seen in years, but it does not yet reach the magnitude of that earlier era. View the Powerpoint slides (pdf). Chief Economist Mike Ferguson Briefs Media (41:55)
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View Part 3 More viewing options Gov. Otter announces additional 3% holdback
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