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TUESDAY, August 7, 2007 PERSONAL INCOME FOR METROPOLITAN AREAS, 2006 Personal income growth accelerated in 2006 in most of the nation’s metropolitan statistical areas (MSAs), according to estimates released today by the U.S. Bureau of Economic Analysis. The faster growth was spurred by the property income and compensation components of personal income. Compensation growth in most private industries, including durable goods manufacturing and professional services, accelerated, while compensation growth at all levels of government, especially the military, slowed. Personal income grew 6.6% in the metropolitan portion of the U.S. in 2006 up from 5.3% in 2005. Personal income growth accelerated in 252 of the nation’s 363 MSAs. Accelerated MSA estimates The 2006 accelerated estimates of personal income for metropolitan areas in this news release represent an acceleration of one month over last year’s publication schedule, which in turn had been accelerated seven months. This acceleration has been a major goal in BEA’s strategic plan for the regional program. In the past, MSA personal income for 2006 would not have been published until April 2008 as part of the local area personal income release. The accelerated availability of key source data from the Bureau of Labor Statistics enabled BEA to speed up the production of its own estimates. In addition, MSA personal income is prepared in less detail than local area personal income and extrapolations are used for various income components for which source data are lacking. The personal income estimates for 2006 are entirely consistent with estimates for earlier years released last April. BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce