FOR WIRE TRANSMISSION: 9:00 A.M. EST, THURSDAY, NOVEMBER 7, 1996 Duke Tran: (202) 606-5344 (Analysis) BEA 96-36 Marian Sacks: 606-9274 (Estimates) STATE PERSONAL INCOME: SECOND QUARTER 1996 Most states shared in an acceleration in the nation's personal income growth in the second quarter of 1996, according to estimates released by the Commerce Department's Bureau of Economic Analysis. Earnings in manufacturing, finance, insurance, and real estate, services, and retail trade grew faster in the second quarter than in the first, and farm earnings increased substantially, though less than in the first. For the nation, personal income increased 1.7 percent in the second quarter of 1996, up from 1.2 percent in the first quarter. The second-quarter increase -- the largest quarterly increase since the first quarter of 1995 -- was more than double the 0.8-percent increase in prices paid by U.S. consumers, as measured by the price index for personal consumption expenditures. All states except Wyoming had increases in personal income that exceeded the increase in prices. Fastest growing states In Michigan, Idaho, North Carolina, Nebraska, Utah, South Dakota, Arkansas, and Kentucky, increases in personal income in the second quarter were more than 0.5 percentage point above the U.S. average of 1.7 percent. In all eight states, personal income grew faster in the second quarter of 1996 than in the first. In the eight fastest growing states, increases in farm earnings were substantial. The increases, which partly reflected higher cash receipts for crops, boosted personal income growth the most in Idaho, North Carolina, Nebraska, South Dakota, Arkansas, and Kentucky. In most of the fastest growing states, increases in earnings were above average in both durable goods and nondurable goods manufacturing, in finance, insurance, and real estate, and in construction. The above-average increase in earnings in durable goods manufacturing in Michigan reflected a rebound from the effects of a strike in the motor vehicle industry in the first quarter of 1996. Earnings also increased at above-average rates in services in Idaho, Nebraska, and Utah, in both wholesale and retail trade in Utah, and in retail trade in Kentucky. Fastest growing states --------------------------------------------------------------------------------- Manufacturing Transpor- Trade Finance, Con- ---------------- tation ------------- insur., Gov- Personal struc- Durable Nondur. & public Whole- & real Ser- ern- income Farm tion goods goods utilities sale Retail estate vices ment ---------------------------------earnings---------------------------------------- United States .... 1.7 18.3 2.1 3.1 1.4 0.8 1.2 1.8 2.7 2.2 0.7 Michigan ......... 3.0 6.2 4.3 9.1 3.8 0 1.6 1.0 3.2 2.5 1.1 Idaho ............ 2.6 22.6 8.2 -1.5 -4.4 .5 1.4 2.6 2.8 4.9 2.0 North Carolina ... 2.6 31.5 3.8 3.2 3.1 1.1 1.9 1.4 -2.3 2.3 2.1 Nebraska ......... 2.5 29.3 1.7 1.5 3.2 .1 1.0 1.3 2.4 3.1 .5 Utah ............. 2.5 8.7 4.7 3.5 4.3 2.1 2.7 2.9 4.1 3.3 1.2 South Dakota ..... 2.4 24.4 .1 5.5 3.3 .8 1.3 1.0 4.1 1.9 .6 Arkansas ......... 2.3 37.2 2.0 1.0 -1.5 .8 .9 2.2 3.7 1.4 .7 Kentucky ......... 2.3 27.8 3.7 3.8 2.9 1.3 .3 2.9 3.5 2.1 1.5 -------------------------------------------------------------------------------------------------------------- Slowest growing states In New York, Montana, Rhode Island, Hawaii, Maine, and Wyoming, increases in personal income in the second quarter of 1996 were 0.5 percentage point or more below the U.S. average of 1.7 percent. In most of these six states, earnings either increased at below-average rates, were unchanged, or declined in transportation and public utilities and in government. In New York, the decline in earnings in transportation and public utilities reflected a step-down in bonus payments from a high level in the first quarter of 1996. In Hawaii, Maine, and Wyoming, earnings declined in construction. In addition, earnings either declined or increased at below-average rates in both durable goods and nondurable goods manufacturing in Montana, Rhode Island, and Maine, in wholesale trade and farming in New York and Montana, in wholesale trade in Hawaii, and in farming and finance, insurance, and real estate in Wyoming. Slowest growing states --------------------------------------------------------------------------------- Manufacturing Transpor- Trade Finance, Con- ---------------- tation ------------- insur., Gov- Personal struc- Durable Nondur. & public Whole- & real Ser- ern- income Farm tion goods goods utilities sale Retail estate vices ment ---------------------------------earnings---------------------------------------- United States .... 1.7 18.3 2.1 3.1 1.4 0.8 1.2 1.8 2.7 2.2 0.7 New York ......... 1.2 .8 4.0 2.3 1.5 -4.2 .4 1.7 1.7 2.0 .6 Montana .......... 1.2 -4.4 2.3 -1.4 -3.3 .3 .7 1.7 3.8 3.5 .1 Rhode Island ..... 1.0 19.8 1.0 .5 -.9 1.2 1.9 1.3 2.4 1.0 0 Hawaii ........... 1.0 1.4 -1.5 2.6 2.9 0 .8 1.4 2.2 1.4 .9 Maine ............ .9 7.3 -1.0 -.3 .2 1.4 1.9 1.3 2.7 1.2 .1 Wyoming .......... .6 .5 -6.3 1.2 1.4 .4 .8 2.1 -2.1 1.1 .6 -------------------------------------------------------------------------------------------------------------- Definitions Personal income is the income received by all persons from all sources, that is, from participation in production, from government and business transfer payments, and from government interest. Personal income is the sum of earnings (private and government wage and salary disbursements, other labor income, and farm and nonfarm proprietors' income), rental income of persons, personal dividend income, personal interest income, and transfer payments, less personal contributions for social insurance. Personal income is measured before the deduction of personal income taxes and other personal taxes and is reported in current dollars (no adjustment is made for price changes). The personal income level for the United States in this release is derived as the sum of the state estimates; it differs from the national income and product accounts (NIPA) estimate of personal income because, by definition, it omits the earnings of federal civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different revision schedules. In this release, a percent increase in a component of personal income in a state or a percent increase in an industry's earnings in a state that is more than (or less than) the percent increase in personal income in the state is referred to as an "above-average increase" (or "below-average increase"). * * * BEA estimates are available in several forms besides the printed news releases. News releases are available at the time of public release through three subscription services offered by the Commerce Department's STAT-USA. Information on how to receive releases by FAX may be obtained by calling (202) 482-1986 (voice). Information about the Economic Bulletin Board (EBB) and about Internet services may be obtained at the same voice number and on-line, as follows: EBB (202) 482-3870 Internet http://www.stat-usa.gov In addition, BEA's most frequently requested statistical series are available on the Internet, as follows: * The Federal Statistical Briefing Room (FSBR) on the White House web site provides summary statistics for GDP and other major aggregates on its output, income, and international statistics pages. http://www.whitehouse.gov/fsbr * The FSBR provides links to BEA's web site, which provides summary tables and charts on BEA's national, international, and regional data. http://www.bea.gov * BEA's web site provides links to detailed BEA databases on STAT-USA's Internet subscription service. http://www.stat-usa.gov Summary estimates are available on recorded messages at the time of public release at the following telephone numbers: (202) 606-5306 Gross domestic product 5303 Personal income and outlays 5362 Summary of international transactions. Most of BEA's estimates and analyses appear in the Survey of Current Business, BEA's monthly journal. The Survey of Current Business is available from the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. First class mail: annual subscription $90.00 domestic. Second class mail: annual subscription $49.00 domestic, $61.25 foreign; single issue $11.00 domestic, $13.75 foreign. In addition, the Survey of Current Business is now available on Internet in a searchable, retrievable electronic format at least a week before the printed version. To subscribe to STAT-USA's World Wide Web system, go to http://www.stat-usa.gov. Subscriptions for single-user unlimited access to STAT-USA's Internet information are $50.00 for 3 months or $150.00 for 1 year. For further information, call (202) 482-1986. * * * Next state personal income release -- January 28, at 9:00 A.M. EST for State Personal Income, Third Quarter 1996 *********************************************************************************************** Table 1. -- Personal Income and Selected Components, by State and Region, 1996:I-1996:II ---------------------------------------------------------------------------------------------- Percent change ------------------------------------------------- Rank of percent Net earnings Dividends, change in Personal by place of interest, Transfer personal income residence* and rent payments income ---------------------------------------------------------------------------------------------- United States............. 1.7 2.0 0.7 1.2 .... New England New Hampshire......... 1.7 2.1 .8 1.3 19 Connecticut........... 1.6 2.0 .7 .9 25 Massachusetts......... 1.4 1.7 .8 .8 35 Vermont............... 1.4 1.7 .6 1.1 37 Rhode Island.......... 1.0 1.0 .8 1.2 47 Maine................. .9 .9 .7 1.1 49 Mideast Delaware.............. 2.0 2.5 .6 1.2 12 Pennsylvania.......... 1.8 2.3 .8 .9 16 New Jersey............ 1.5 1.8 .6 1.4 31 Maryland.............. 1.4 1.6 .6 1.1 38 New York.............. 1.2 1.3 .7 1.2 45 District of Columbia.. .7 .7 .5 .9 .... Great Lakes Michigan.............. 3.0 3.9 .5 1.4 1 Ohio.................. 1.9 2.4 .7 1.0 13 Indiana............... 1.6 2.0 .7 1.1 24 Wisconsin............. 1.6 1.9 .6 1.1 28 Illinois.............. 1.3 1.5 .7 1.1 41 Plains Nebraska.............. 2.5 3.5 .4 1.1 4 South Dakota.......... 2.4 3.3 .6 1.1 6 North Dakota.......... 2.1 2.8 .8 1.0 10 Minnesota............. 1.7 2.1 .6 1.1 18 Missouri.............. 1.3 1.6 .7 1.0 39 Iowa.................. 1.3 1.6 .7 1.1 40 Kansas................ 1.3 1.6 .9 .8 44 Southeast North Carolina........ 2.6 3.2 .7 1.4 3 Arkansas.............. 2.3 3.0 .7 1.2 7 Kentucky.............. 2.3 3.0 .7 1.1 8 Georgia............... 2.0 2.4 .7 1.3 11 West Virginia......... 1.8 2.4 .7 1.1 15 Florida............... 1.6 2.0 .8 1.3 27 South Carolina........ 1.5 1.7 .7 1.3 32 Virginia.............. 1.5 1.8 .6 1.1 33 Louisiana............. 1.4 1.6 .7 1.4 34 Alabama............... 1.4 1.5 .6 1.4 36 Mississippi........... 1.3 1.5 .7 1.3 42 Tennessee............. 1.3 1.4 .7 1.4 43 Southwest New Mexico............ 1.8 2.2 .7 1.4 14 Texas................. 1.8 2.1 .7 1.4 17 Arizona............... 1.7 2.0 .8 1.4 22 Oklahoma.............. 1.7 2.1 .6 1.0 23 Rocky Mountain Idaho................. 2.6 3.5 .4 1.3 2 Utah.................. 2.5 3.1 .4 1.2 5 Colorado.............. 1.5 1.8 .6 1.5 30 Montana............... 1.2 1.5 .5 1.2 46 Wyoming............... .6 .4 .6 1.4 50 Far West Nevada................ 2.1 2.7 .6 1.3 9 Alaska................. 1.7 2.2 .1 1.1 20 Washington............ 1.7 2.1 .5 1.3 21 California............ 1.6 2.0 .6 1.1 26 Oregon................ 1.6 1.9 .5 1.4 29 Hawaii................. 1.0 1.1 .4 1.2 48 BEA regions Great Lakes............. 1.9 2.4 .7 1.2 1 Rocky Mountain.......... 1.8 2.2 .5 1.4 2 Southwest............... 1.7 2.1 .7 1.3 3 Southeast............... 1.7 2.1 .7 1.3 4 Plains.................. 1.6 2.0 .7 1.0 5 Far West................ 1.6 2.0 .6 1.2 6 Mideast................. 1.4 1.7 .7 1.1 7 New England............. 1.4 1.7 .8 .9 8 ---------------------------------------------------------------------------------------------- * Net earnings by place of residence is earnings by place of work -- the sum of wage and salary disbursements (payrolls), other labor income, and proprietors' income -- less personal contributions for social insurance plus the adjustment for residence. Note: States are listed in each region based on their percent changes in personal income. Source: Bureau of Economic Analysis, U.S. Department of Commerce. ***************************************************************************************************************************** Table 2. -- Personal Income and Earnings by Industry, by State and Region, 1996:I-1996:II ---------------------------------------------------------------------------------------------------------------------------- Percent change -------------------------------------------------------------------------------------------------- Earnings by place of work ------------------------------------------------------------------------- Net earn- Total Durable Nondurable ings by earnings goods goods Personal place of by place Construc- manufac- manufac- income residence* of work Farm Mining tion turing turing ---------------------------------------------------------------------------------------------------------------------------- United States............. 1.7 2.0 2.0 18.3 1.2 2.1 3.1 1.4 New England New Hampshire......... 1.7 2.1 2.2 14.2 17.9 .8 2.6 2.1 Connecticut........... 1.6 2.0 2.1 25.5 -1.4 3.9 3.6 1.4 Massachusetts......... 1.4 1.7 1.7 18.6 -.2 2.4 1.9 .3 Vermont............... 1.4 1.7 1.6 14.3 -7.1 4.0 1.1 -.2 Rhode Island.......... 1.0 1.0 .9 19.8 53.7 1.0 .5 -.9 Maine................. .9 .9 .9 7.3 1.7 -1.0 -.3 .2 Mideast Delaware.............. 2.0 2.5 2.4 27.5 .5 7.3 15.0 -3.8 Pennsylvania.......... 1.8 2.3 2.3 8.6 2.6 1.4 3.7 5.4 New Jersey............ 1.5 1.8 1.8 10.1 1.9 2.7 2.5 1.2 Maryland.............. 1.4 1.6 1.9 16.2 2.8 2.9 6.3 4.1 New York.............. 1.2 1.3 1.3 .8 3.8 4.0 2.3 1.5 District of Columbia.. .7 .7 -.1 0 1.5 5.4 .2 .6 Great Lakes Michigan.............. 3.0 3.9 3.9 6.2 1.5 4.3 9.1 3.8 Ohio.................. 1.9 2.4 2.4 16.3 1.2 2.8 5.2 1.7 Indiana............... 1.6 2.0 1.9 24.3 .2 3.2 3.3 1.3 Wisconsin............. 1.6 1.9 1.9 23.8 3.2 5.1 2.1 1.4 Illinois.............. 1.3 1.5 1.5 29.9 1.5 -.2 1.9 .6 Plains Nebraska.............. 2.5 3.5 3.3 29.3 -2.0 1.7 1.5 3.2 South Dakota.......... 2.4 3.3 3.2 24.4 2.2 .1 5.5 3.3 North Dakota.......... 2.1 2.8 2.7 27.5 3.6 8.0 2.8 -3.4 Minnesota............. 1.7 2.1 2.1 11.8 .6 1.9 3.2 .2 Missouri.............. 1.3 1.6 1.6 23.4 1.0 -.1 1.8 1.3 Iowa.................. 1.3 1.6 1.5 14.5 1.9 .6 .8 -.6 Kansas................ 1.3 1.6 1.5 6.1 -.8 -.2 5.4 -.6 Southeast North Carolina........ 2.6 3.2 3.1 31.5 3.0 3.8 3.2 3.1 Arkansas.............. 2.3 3.0 2.8 37.2 -.6 2.0 1.0 -1.5 Kentucky.............. 2.3 3.0 2.9 27.8 2.9 3.7 3.8 2.9 Georgia............... 2.0 2.4 2.4 3.4 2.2 1.4 3.5 1.2 West Virginia......... 1.8 2.4 2.4 19.7 2.5 7.2 1.3 1.7 Florida............... 1.6 2.0 2.0 21.6 3.6 1.5 1.1 1.7 South Carolina........ 1.5 1.7 1.6 13.5 2.0 2.4 -.6 -1.0 Virginia.............. 1.5 1.8 1.9 20.3 1.4 2.5 3.4 5.4 Louisiana............. 1.4 1.6 1.6 21.6 3.9 -.1 8.5 0 Alabama............... 1.4 1.5 1.5 27.2 3.5 0 .2 -1.5 Mississippi........... 1.3 1.5 1.4 19.5 3.7 5.8 -.4 -.9 Tennessee............. 1.3 1.4 1.4 19.1 1.0 3.2 2.2 -.8 Southwest New Mexico............ 1.8 2.2 2.2 18.6 4.1 3.5 1.7 2.1 Texas................. 1.8 2.1 2.0 18.6 1.7 1.5 1.8 -.1 Arizona............... 1.7 2.0 2.0 18.9 -31.9 .5 2.7 .5 Oklahoma.............. 1.7 2.1 2.1 8.9 1.7 1.8 7.1 1.8 Rocky Mountain Idaho................. 2.6 3.5 3.4 22.6 3.8 8.2 -1.5 -4.4 Utah.................. 2.5 3.1 3.1 8.7 2.7 4.7 3.5 4.3 Colorado.............. 1.5 1.8 1.8 1.7 1.1 .6 2.7 1.4 Montana............... 1.2 1.5 1.4 -4.4 2.8 2.3 -1.4 -3.3 Wyoming............... .6 .4 .4 .5 1.1 -6.3 1.2 1.4 Far West Nevada................ 2.1 2.7 2.7 .3 5.8 3.3 .9 2.2 Alaska................. 1.7 2.2 2.1 19.0 2.0 5.7 5.6 8.3 Washington............ 1.7 2.1 2.1 13.2 3.0 1.5 .8 3.7 California............ 1.6 2.0 1.9 15.6 1.5 1.2 1.5 1.6 Oregon................ 1.6 1.9 1.8 3.8 -4.3 2.8 .4 1.2 Hawaii................. 1.0 1.1 1.0 1.4 2.3 -1.5 2.6 2.9 BEA regions Great Lakes............. 1.9 2.4 2.4 19.1 1.3 2.6 5.1 1.7 Rocky Mountain.......... 1.8 2.2 2.2 10.6 1.6 2.4 2.0 .8 Southwest............... 1.7 2.1 2.0 17.7 -.3 1.4 2.5 .1 Southeast............... 1.7 2.1 2.1 22.6 3.0 2.3 2.3 1.2 Plains.................. 1.6 2.0 2.0 19.2 .7 1.0 2.7 .6 Far West................ 1.6 2.0 1.9 14.1 2.4 1.5 1.3 1.9 Mideast................. 1.4 1.7 1.7 9.3 2.7 3.0 3.3 2.3 New England............. 1.4 1.7 1.7 17.6 2.0 2.3 2.3 .6 ---------------------------------------------------------------------------------------------------------------------------- * Net earnings by place of residence is earnings by place of work -- the sum of wage and salary disbursements (payrolls), other labor income, and proprietors' income -- less personal contributions for social insurance plus the adjustment for residence. ***************************************************************************************************************************** Table 2. -- Personal Income and Earnings by Industry, by State and Region, 1996:I-1996:II--Continued ----------------------------------------------------------------------------------------------------------------- Percent change --------------------------------------------------------------------------------------- Earnings by place of work -------------------------------------------------------------------------- Transpor- Finance, Total tation and insurance, personal public Wholesale Retail and real income utilities trade trade estate Services Government ----------------------------------------------------------------------------------------------------------------- United States............. 1.7 0.8 1.2 1.8 2.7 2.2 0.7 New England New Hampshire......... 1.7 1.3 1.4 2.2 3.7 2.4 1.3 Connecticut........... 1.6 1.1 1.3 2.0 2.7 1.9 -.1 Massachusetts......... 1.4 .1 1.7 1.9 3.4 1.9 .1 Vermont............... 1.4 1.3 -.4 1.6 3.3 1.2 1.3 Rhode Island.......... 1.0 1.2 1.9 1.3 2.4 1.0 0 Maine................. .9 1.4 1.9 1.3 2.7 1.2 .1 Mideast Delaware.............. 2.0 1.2 1.6 2.1 3.8 2.8 1.6 Pennsylvania.......... 1.8 .9 1.2 2.0 3.5 2.0 .9 New Jersey............ 1.5 .6 .8 2.0 3.3 2.4 .9 Maryland.............. 1.4 .4 .3 1.7 3.0 1.8 .5 New York.............. 1.2 -4.2 .4 1.7 1.7 2.0 .6 District of Columbia.. .7 0 1.4 3.6 -9.4 1.8 -1.2 Great Lakes Michigan.............. 3.0 0 1.6 1.0 3.2 2.5 1.1 Ohio.................. 1.9 .6 1.0 1.6 3.4 1.7 1.1 Indiana............... 1.6 .7 1.3 1.7 2.7 1.2 .5 Wisconsin............. 1.6 .9 .9 1.5 3.4 1.4 .8 Illinois.............. 1.3 1.0 .9 1.6 3.2 1.9 .2 Plains Nebraska.............. 2.5 .1 1.0 1.3 2.4 3.1 .5 South Dakota.......... 2.4 .8 1.3 1.0 4.1 1.9 .6 North Dakota.......... 2.1 .6 2.7 .7 3.3 2.7 .5 Minnesota............. 1.7 1.6 1.3 1.9 3.7 2.3 1.3 Missouri.............. 1.3 1.0 -.2 1.2 3.4 2.1 1.4 Iowa.................. 1.3 .1 .5 1.4 3.1 1.9 .7 Kansas................ 1.3 2.4 .8 2.0 3.0 1.4 -.7 Southeast North Carolina........ 2.6 1.1 1.9 1.4 -2.3 2.3 2.1 Arkansas.............. 2.3 .8 .9 2.2 3.7 1.4 .7 Kentucky.............. 2.3 1.3 .3 2.9 3.5 2.1 1.5 Georgia............... 2.0 2.4 2.0 2.8 2.9 3.2 1.3 West Virginia......... 1.8 .7 .7 2.4 3.8 2.0 2.8 Florida............... 1.6 1.4 1.4 1.9 3.8 2.3 0 South Carolina........ 1.5 2.2 1.9 3.4 3.5 2.5 1.2 Virginia.............. 1.5 1.4 1.6 2.2 2.8 1.8 -.1 Louisiana............. 1.4 1.2 .6 1.2 2.8 1.2 0 Alabama............... 1.4 .6 1.4 1.8 3.9 2.0 .3 Mississippi........... 1.3 -.4 .2 1.3 3.0 2.1 .3 Tennessee............. 1.3 .8 1.4 2.0 3.8 1.7 -1.0 Southwest New Mexico............ 1.8 2.1 1.3 1.6 4.2 2.2 .8 Texas................. 1.8 1.9 1.3 1.6 3.8 2.9 1.1 Arizona............... 1.7 1.3 1.5 2.3 3.5 2.4 3.2 Oklahoma.............. 1.7 1.6 1.3 1.9 3.0 1.2 1.2 Rocky Mountain Idaho................. 2.6 .5 1.4 2.6 2.8 4.9 2.0 Utah.................. 2.5 2.1 2.7 2.9 4.1 3.3 1.2 Colorado.............. 1.5 .8 1.0 .7 3.9 2.6 1.0 Montana............... 1.2 .3 .7 1.7 3.8 3.5 .1 Wyoming............... .6 .4 .8 2.1 -2.1 1.1 .6 Far West Nevada................ 2.1 1.9 1.9 3.0 3.9 3.1 .2 Alaska................. 1.7 -1.5 1.6 2.9 3.3 2.8 .6 Washington............ 1.7 1.1 1.8 1.9 3.7 2.7 .7 California............ 1.6 1.8 1.7 1.4 1.9 2.3 .9 Oregon................ 1.6 1.0 2.5 1.8 4.2 2.3 1.0 Hawaii................. 1.0 0 .8 1.4 2.2 1.4 .9 BEA regions Great Lakes............. 1.9 .7 1.1 1.5 3.2 1.9 .7 Rocky Mountain.......... 1.8 .9 1.4 1.6 3.6 3.0 1.1 Southwest............... 1.7 1.8 1.3 1.7 3.7 2.6 1.4 Southeast............... 1.7 1.4 1.4 2.1 2.7 2.2 .6 Plains.................. 1.6 1.1 .7 1.5 3.4 2.1 .8 Far West................ 1.6 1.5 1.8 1.6 2.3 2.4 .8 Mideast................. 1.4 -1.3 .7 1.9 2.1 2.0 .5 New England............. 1.4 .6 1.5 1.8 3.1 1.8 .2 -------------------------------------------------------------------------------------------------------------- Note: States are listed in each region based on their percent changes in personal income. Source: Bureau of Economic Analysis, U.S. Department of Commerce. ***************************************************************************************************************************** Table 3. -- Personal Income, by State and Region, 1995:II-1996:II Table 3. -- Personal Income, by State and Region, 1995:II-1996:II [Millions of dollars, seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------- 1995 1996 Percent change ------------------------------------------------------------------------------------------------- 1995:III-1995:IV- 1996:I- II III IV I II 1995:IV 1996:I 1996:II ---------------------------------------------------------------------------------------------------------------------------- United States............. 6,058,094 6,129,383 6,215,255 6,289,150 6,393,138 1.4 1.2 1.7 New England Connecticut........... 103,359 104,250 106,024 106,829 108,549 1.7 .8 1.6 Maine................. 24,907 24,980 25,387 25,537 25,774 1.6 .6 .9 Massachusetts......... 168,572 171,373 175,812 174,579 176,994 2.6 -.7 1.4 New Hampshire......... 29,317 29,517 30,142 30,123 30,641 2.1 -.1 1.7 Rhode Island.......... 23,521 23,721 24,142 24,093 24,342 1.8 -.2 1.0 Vermont............... 12,312 12,433 12,664 12,814 12,989 1.9 1.2 1.4 Mideast Delaware.............. 18,658 18,932 19,355 19,458 19,844 2.2 .5 2.0 District of Columbia.. 18,470 18,581 18,660 18,891 19,025 .4 1.2 .7 Maryland.............. 132,307 133,040 134,629 135,735 137,571 1.2 .8 1.4 New Jersey............ 236,676 237,068 241,472 243,582 247,279 1.9 .9 1.5 New York.............. 500,108 501,746 509,069 517,364 523,652 1.5 1.6 1.2 Pennsylvania.......... 283,197 285,522 288,995 291,250 296,404 1.2 .8 1.8 Great Lakes Illinois.............. 296,212 299,518 303,619 307,930 312,019 1.4 1.4 1.3 Indiana............... 123,878 124,843 125,811 127,151 129,238 .8 1.1 1.6 Michigan.............. 226,301 229,084 232,754 231,661 238,513 1.6 -.5 3.0 Ohio.................. 249,448 252,366 255,514 257,298 262,165 1.2 .7 1.9 Wisconsin............. 113,254 114,691 115,898 117,342 119,173 1.1 1.2 1.6 Plains Iowa.................. 58,919 59,726 60,685 61,607 62,434 1.6 1.5 1.3 Kansas................ 55,628 56,353 57,011 57,908 58,661 1.2 1.6 1.3 Minnesota............. 109,399 111,056 113,469 115,237 117,240 2.2 1.6 1.7 Missouri.............. 115,548 116,891 118,183 119,509 121,120 1.1 1.1 1.3 Nebraska.............. 34,763 35,398 35,985 36,683 37,608 1.7 1.9 2.5 North Dakota.......... 11,945 11,960 12,178 12,292 12,547 1.8 .9 2.1 South Dakota.......... 14,117 14,402 14,636 14,814 15,168 1.6 1.2 2.4 Southeast Alabama............... 80,993 82,054 82,798 83,972 85,129 .9 1.4 1.4 Arkansas.............. 44,690 45,121 45,940 46,286 47,354 1.8 .8 2.3 Florida............... 323,822 329,321 333,550 340,907 346,253 1.3 2.2 1.6 Georgia............... 154,679 157,568 160,909 163,210 166,464 2.1 1.4 2.0 Kentucky.............. 72,451 72,974 73,932 74,856 76,556 1.3 1.2 2.3 Louisiana............. 81,892 83,241 83,555 84,328 85,539 .4 .9 1.4 Mississippi........... 44,628 45,296 45,908 46,211 46,824 1.4 .7 1.3 North Carolina........ 150,784 152,009 155,704 158,480 162,543 2.4 1.8 2.6 South Carolina........ 69,263 70,130 71,180 71,443 72,487 1.5 .4 1.5 Tennessee............. 109,729 111,173 112,899 113,044 114,535 1.6 .1 1.3 Virginia.............. 157,686 159,295 161,481 163,271 165,639 1.4 1.1 1.5 West Virginia......... 32,179 32,442 32,838 33,078 33,668 1.2 .7 1.8 Southwest Arizona............... 85,273 87,446 88,830 91,241 92,785 1.6 2.7 1.7 New Mexico............ 30,362 30,997 31,293 31,757 32,336 1.0 1.5 1.8 Oklahoma.............. 60,574 61,194 61,967 62,572 63,619 1.3 1.0 1.7 Texas................. 394,038 400,170 406,154 412,046 419,315 1.5 1.5 1.8 Rocky Mountain Colorado.............. 88,649 90,763 92,123 93,485 94,921 1.5 1.5 1.5 Idaho................. 21,760 22,068 22,556 22,752 23,355 2.2 .9 2.6 Montana............... 15,879 16,160 16,391 16,497 16,696 1.4 .6 1.2 Utah.................. 35,013 35,818 36,874 37,118 38,031 2.9 .7 2.5 Wyoming............... 9,900 9,980 10,057 10,052 10,115 .8 0 .6 Far West Alaska................ 14,466 14,511 14,551 14,613 14,864 .3 .4 1.7 California............ 757,233 766,269 771,949 785,734 798,150 .7 1.8 1.6 Hawaii................ 29,175 29,284 29,411 29,398 29,687 .4 0 1.0 Nevada................ 36,894 37,804 38,315 39,416 40,263 1.4 2.9 2.1 Oregon................ 66,981 68,555 70,046 70,551 71,647 2.2 .7 1.6 Washington............ 128,287 130,290 131,950 133,144 135,410 1.3 .9 1.7 BEA regions New England............. 361,987 366,273 374,170 373,975 379,289 2.2 -.1 1.4 Mideast................. 1,189,417 1,194,889 1,212,181 1,226,281 1,243,775 1.4 1.2 1.4 Great Lakes............. 1,009,094 1,020,502 1,033,596 1,041,382 1,061,108 1.3 .8 1.9 Plains.................. 400,318 405,787 412,147 418,050 424,778 1.6 1.4 1.6 Southeast............... 1,322,796 1,340,623 1,360,694 1,379,087 1,402,992 1.5 1.4 1.7 Southwest............... 570,247 579,807 588,244 597,617 608,055 1.5 1.6 1.7 Rocky Mountain.......... 171,201 174,789 178,001 179,904 183,118 1.8 1.1 1.8 Far West................ 1,033,036 1,046,713 1,056,223 1,072,856 1,090,022 .9 1.6 1.6 ---------------------------------------------------------------------------------------------------------------------------- Source: Bureau of Economic Analysis, U.S. Department of Commerce. *****************************************************************************************************************************