Idaho personal income sees increase

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BOISE, Idaho (AP) — Personal income in Idaho jumped eight-tenths of a percentage point in the third quarter of 2012 compared to the second quarter.

The U.S. Bureau of Economic Analysis reported Tuesday that record farm earnings and strong nonfarm business profits pushed Idaho's total personal income to nearly $54 billion on an annualized basis for the third quarter.

The percentage growth ranked Idaho fifth nationally behind North Dakota, Arkansas, Indiana and Montana.

Personal income is the value of all wages, business profits, investment earnings and transfer payments such as Social Security, unemployment benefits and pensions.

Wages in Idaho rose half a percentage point to rank 21st among states.