Idaho's personal income grew by 0.9 percent in the first quarter of 2012 to $53.8 billion on an annualized basis. Wages and business profits grew at nearly the same rate 0.9 perecent for wages, 1.1 percent for business profits. Investment earnings grew by 1.5 percent to $9.7 billion.
Idaho's growth lagged behind the Rocky Mountain Region, which was at 1 percent.
Construction's contribution to personal income growth was up nearly 2 percent, to $2.37 billion. The sector was hard hit during the recession. Real estate, rental and leasing was down 11.4 percent to $459 million.
Personal income includes wages, business profits, investment earnings and transfer payments such as Social Security, unemployment and pensions.