Idaho Residents Enjoy Strong Income Growth
Residents of Michigan and Idaho enjoyed the biggest gains in personal incomes during the April-May period while Wyoming and Maine had the smallest increases.
The Commerce Department said Thursday that eight states had increases in personal incomes during the spring that were at least a half percentage point higher than the 1.7 percent nationwide increase.
The best advances were recorded by Michigan, up 3 percent; Idaho, up 2.6 percent; North Carolina, up 2.6 percent; Nebraska, up 2.6 percent; Utah, up 2.6 percent; South Dakota, up 2.4 percent; Arkansas, up 2.3 percent; and Kentucky, up 2.3 percent.
Gains in Idaho and five other states reflected rising farm incomes.
The weakest income gains in the spring came in Wyoming, up just 0.6 percent; Maine, up 0.9 percent; Hawaii, up 1 percent; Rhode Island, up 1 percent; Montana, up 1.2 percent; and New York, up 1.2 percent.