Summer Brought Surge to Idaho Personal Income
A strong farm sector combined with improved consumer activity more than offset a slowdown in home construction and associated sectors and boosted Idaho’s total personal income by more than 1.7 percent during the third quarter of 2007, the U.S. Bureau of Economic Analysis reported Wednesday.
On an annualized basis, personal income – the total of all wages, business owner profits, investment earnings and transfer payments like Social Security – hit $47.7 billion during the July-September quarter. Idaho’s percentage increase, sixth highest among the states, translated into over $800 million in additional income, and $469 million came in higher wages and business profits.
Nearly $200 million resulted from higher investment earnings, and the rest came from Social Security and other transfer payments. Read more ... 12/19/2007
Hispanic Buying Power in Idaho for 2007
The growth of Idaho’s Hispanic population has cooled from the breakneck pace of the early 1990s, but the economic impact of Idaho’s largest and fastest growing minority continues to outpace national growth rates.3/30/2007