While Boise's economy started off as a supply and service center for mining camps, with farming and timber being its other major sectors, it has now moved into a more technological and manufacturing area, ranking sixth in the nation for number of corporate headquarters located in the city, with relation to the population base. The major industries are trade, transportation and utilities (45,800 employees), followed by government (38,800 employees), as Boise is the capital of Idaho.
The largest employer in Boise is Micron Technology Inc, the advanced semiconductor solutions company which provides DRAM and Flash components for cellphones, computers, servers, cameras and more. The company's corporate headquarters and first semiconductor manufacturing facility hosts 9,500 employees. St. Luke's Medical Center is the second largest employer, with 4,250 employees providing nationally-recognized nursing and state-of-the-art technology for those in need. Other major employers include Hewlett-Packard Company (4,000 employees), Albertson's Inc. supermarket chain (3,800), and J.R. Simplot, a food and agribusiness company providing food, fertilizer, turf and horticultural, cattle feeding, and other enterprises to partners, their headquarters based in Boise. The company hosts 3,800 Boise employees.
The unemployment rate for Boise, Idaho was 4.4% in February 2005. The median household income was $46,342 in 2005, up just less than 4,000 from the 2000 rate.
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