Personal income in Idaho rose during the first quarter of 2010, marking two straight quarters of increase after declining or remaining stagnant for five quarters. The Idaho Department of Labor termed the news “another signal the state’s economy may have started to recover from its worst recession since World War II.” Idaho’s personal income increase of 1.3 percent was four-tenths of a point higher than the national increase, and ranked 10th among the states. Business profits, wages and salaries accounted for the increase; investment earnings were down. Wages and salaries are now back up to spring 2009 levels, but still well below the record set in the final quarter of 2007; you can read the full announcement here from the Department of Labor.
Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.
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