December 20, 2018
State personal income increased 4.0 percent at an annual rate in the third quarter of 2018, an acceleration from the 3.4 percent increase in the second quarter. Personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.2 percent in Nevada and Washington to 2.1 percent in Missouri.
- Earnings increased 4.0 percent in the third quarter of 2018, after increasing 3.0 percent in the second quarter and was the leading contributor to personal income growth in most states, including the six fastest growing states — Nevada, Washington, Arizona, Colorado, New Hampshire, and Oregon.
- Construction was the leading contributor to the earnings increase in Nevada, Arizona, New Hampshire, and Oregon.
- Information was the leading contributor to the earnings increase in Washington.
- Professional, scientific, and technical services was the leading contributor to the earnings increase in Colorado.
For more information, read the full report.