Colo. personal income grows for 5 straight quarters

Colorado’s personal income has grown for five consecutive quarters, according to Bureau of Economic Analysis.

Personal income reached $216 billion in the third quarter, up 0.77 percent from $214 billion in the second quarter.

After dropping in the second quarter of 2009, personal income in Colorado began to grow again in the third quarter of last year.

The quarterly figure is the highest it’s been since reaching $216.9 billion in the third quarter of 2008.

Personal income growth nationwide slowed to an average of 0.67 percent from the second to the third quarter. Colorado’s change of 0.77 percent was nearly unchanged from the 0.78 percent increase between the second and first quarters.

Colorado ranked No. 25 for growth in quarterly personal income, and was sandwiched on the list between Georgia and Virginia. The only states to show negative personal income growth were New York and Connecticut.

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