Personal income rises above 2008 peak
Personal income levels in the third quarter of this year rose above their 2008 peak for the first time since the recession began, according to a report from the Bureau of Labor Statistics. Personal income in Colorado hit a peak of $225 billion in the third quarter, up 3.28 percent over the previous $218.1 billion [...]
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 [...]
Continue reading …Personal income declined in 2009 in most of the nation’s metropolitan statistical areas, however Colorado Springs saw a slight increase, thanks to the military. Colorado MSAs generally fared poorly, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income declined by 6.7 percent in Grand Junction, 5.1 percent in Boulder, and 4.2 [...]
Continue reading …The economy is starting to thaw for workers and consumers. For the seventh consecutive month, personal income is expected to rise, according to BBVA Compass Bank’s Economic Research Department. However, the growth is being driven by government transfers and proprietors’ income rather than by wages. And while employee compensation is no longer declining, the weak labor market [...]
Continue reading …Despite the recession, April was a good month for personal income in the United States. This morning, the Bureau of Economic Analysis released statistics which show that personal income increased $58.2 billion, or 0.5 percent, during April, while disposable personal income increased $121.8 billion, or 1.1 percent. Simultaneously, personal consumption expenditures decreased $5.4 billion, or [...]
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