Colo. personal income grows 0.8%

Personal income in Colorado grew 0.8 percent in the year’s second quarter from the previous quarter, according to a report Monday from the U.S. Bureau of Economic Analysis.

That’s one of the lowest rates of growth in the nation.

Colorado ranked 45th among the 50 states in the rate of its personal-income growth between the two quarters.

The national income growth rate was 1 percent between Q1 and Q2 2010.

The BEA defines personal income as wages minus contributions for social security, plus rent received, dividends and interest, and transfer receipts, such as unemployment benefits and stimulus funds.

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