What Economic Recovery? Idaho economic forecast good on one hand, bad on the other, and completely dependent on a U.S. economic recovery

The Idaho Division of Financial Management revised its projected economic outlook, no thanks to the recent U.S. debt limit debacle.

Officials still project increased tax revenues, but now think employment will be down.

Some reasons they hope tax revenues are up; previous tax collections were higher than predicted, and they expect personal income to increase (somehow).

The drop in employment is expected in the construction industry.

These latest revisions are assuming the U.S. economy actually grows for the rest of the year!  If the U.S. economy continues to go south, forget it.