Idaho personal income up slightly

September 30, 2013 

Idaho's total personal income rose 0.4 percent in the second quarter to $56.4 billion according to the U.S. Bureau of Economic Analysis.

Wages and salaries increased 0.8 percent in the state in the second quarter, which spanned from April to June.

However, business profits fell 4.4 percent from a record-high of $7.1 billion in the first quarter to $6.8 billion in the second quarter. Business profits remained up 2.8 percent from the previous year.

The drop in business profits was the fifth-largest decline in the nation, trailing only North Dakota, South Dakota, Iowa and Nebraska. Business profits declined 0.2 percent nationally for the quarter.

Idaho personal income increased 3 percent from the same point one year ago, thanks in part to a 9 percent increase in construction. Forestry, fishing and related activities increased 13.5 percent, and retail increased 5.2 percent.

Health care and social assistance increased 9.3 percent from one year ago, and wholesale trade profits were up

Farm profits declined 6.2 percent from the same point one year ago, and mining profits were down 6.1 percent.

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