Idaho’s total personal income for the first quarter of 2013 was down from the previous quarter, even though business profits and farm income both were up. The Idaho Department of Labor says the 0.9 percent drop from the fourth quarter of 2012 came because of a decline in investment earnings, which were down 4.2 percent. Meanwhile, wage and salary disbursements were up 0.3 percent from the previous quarter, business profits were up 1.7 percent, and farm income was up 0.8 percent.
Idaho Department of Labor spokesman Bob Fick said even though Idaho saw a decline in personal income for the quarter, it fared better than most states. National personal income fell 1.2 percent for the quarter. Idaho’s small decrease was the sixth-best performance in the nation; 27 states saw total wages decline. You can read more here, including breakdowns by economic sector.
Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.
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