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NEWS RELEASE EMBARGOED FOR RELEASE: 8:30 A.M. ET, Thursday, September 20, 2007 David G. Lenze Matthew von Kerczek E-mail inquiries: (202) 606−9292 (202) 606−9250 reis.remd@bea.gov BEA 07─42 State Personal Income: Second Quarter 2007 U.S. personal income grew at a 1.2 percent rate in the second quarter of 2007 after growing 2.5 percent in the first quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income growth in all regions of the country slowed. First-quarter growth, the second strongest in the current economic expansion, reflected the receipt of bonuses for 2006. Personal income in the second quarter of 2007 was 6.4 percent higher than the second quarter of 2006. NOTE.—Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified. Quarterto-quarter dollar changes are differences between published estimates. Quarter-to-quarter percent changes are calculated from unrounded data and are not annualized. This news release is available on BEA’s Web site at www.bea.gov/rels.htm. -- more -- 2 Earnings and transfer receipts accounted for the entire fall in nominal personal income growth. Property income contributed 0.4 percentage points to growth in the second quarter, just as it did in the first. Earnings decelerated in the second quarter in part because first quarter growth had been boosted by unusually large bonus payments in the finance industry. Transfers decelerated in the second quarter because first quarter growth had been boosted by annual cost of living adjustments and because of a slowdown in second quarter Medicaid and social security payments. Professional services, health care, and state and local government contributed more than other industries to second quarter growth. States. Most state personal income growth rates were very similar to the national average. Utah, however, had a notably higher growth rate in the second quarter and has grown substantially faster than all other states over the past year. The main contributors to its second quarter growth were professional services, construction and durable manufacturing. New York, Connecticut, and North Dakota, on the other hand, had notably slower growth than the nation. The slow growth in New York and Connecticut in the second quarter reflects unusually large first quarter bonuses in the finance industry that is heavily concentrated in those states. North Dakota’s slow growth was concentrated in farming which reduced personal income growth nearly 1 percentage point. Inflation, as measured by the national price index for personal consumption expenditures, increased 1.0 percent in the second quarter after increasing 0.9 percent in the first quarter, leaving real U.S. personal income little changed. Two regions (New England and the Mideast) had income growth less than the national inflation rate. Revisions. BEA also released today revised quarterly and annual estimates of state personal income beginning with the first quarter of 2004. Revisions are usually made each September to incorporate source data that are more complete, more detailed, and otherwise more consistent than previously available. The average revision to the 2006 personal incomes of the 50 states and the District of Columbia was 0.7 percentage point. A fuller presentation and discussion of the data and revisions will be provided in the October issue of the Survey of Current Business. -- more -- 3 Definitions Personal income is the income received by all persons from all sources. Personal income is the sum of net earnings by place of residence, rental income of persons, personal dividend income, personal interest income, and personal current transfer receipts. Net earnings is earnings by place of work (the sum of wage and salary disbursements (payrolls), supplements to wages and salaries, and proprietors’ income) less contributions for government social insurance, plus an adjustment to convert earnings by place of work to a place-of-residence basis. 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 estimate of personal income in the United States is derived as the sum of the state estimates; it differs from the estimate of personal income in the national income and product accounts (NIPAs) because of differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability of source data. BEA groups all 50 states and the District of Columbia into eight distinct regions for purposes of data collecting and analyses: New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont); Mideast (Delaware, District of Columbia, Maryland, New Jersey, New York, and Pennsylvania); Great Lakes (Illinois, Indiana, Michigan, Ohio, and Wisconsin); Plains (Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota); Southeast (Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia); Southwest (Arizona, New Mexico, Oklahoma, and Texas); Rocky Mountain (Colorado, Idaho, Montana, Utah, and Wyoming); and Far West (Alaska, California, Hawaii, Nevada, Oregon, and Washington). BEA’s national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA’s Web site at www.bea.gov. By visiting the site, you can also subscribe to receive free e-mail alerts of BEA releases and announcements. * * * Next state personal income release – December 19, 2007, at 8:30 A.M. ET for state personal income, third quarter 2007. Table 1. Personal Income, by State and Region, 2006:I-2007:II [Millions of dollars, seasonally adjusted at annual rate] 2006 2007 I\r United States...................... New England Connecticut...................... Maine............................... Massachusetts................. New Hampshire............... Rhode Island................... Vermont........................... Mideast Delaware......................... District of Columbia......... Maryland.......................... New Jersey...................... New York......................... Pennsylvania................... Great Lakes Illinois............................... Indiana............................. Michigan.......................... Ohio................................. Wisconsin........................ Plains Iowa................................. Kansas............................. Minnesota........................ Missouri........................... Nebraska......................... North Dakota................... South Dakota................... Southeast Alabama.......................... Arkansas.......................... Florida.............................. Georgia............................ Kentucky.......................... Louisiana......................... Mississippi....................... North Carolina................. South Carolina................. Tennessee....................... Virginia............................. West Virginia................... Southwest Arizona............................ New Mexico..................... Oklahoma........................ Texas............................... Rocky Mountain Colorado.......................... Idaho................................ Montana........................... Utah................................. Wyoming.......................... Far West Alaska.............................. California......................... Hawaii.............................. Nevada............................ Oregon............................. Washington...................... BEA regions New England..................... Mideast.............................. Great Lakes....................... Plains................................. Southeast.......................... Southwest.......................... Rocky Mountain................. Far West............................ II\r III\r IV\r I\r II\p [Seasonally adjusted at quarterly rate] Percent change from preceding quarter/1 2006:II 2006:III 2006:IV 2007:I Rank 2007:I 2007:II 2007:II 10,767,987 10,902,219 11,016,422 11,180,604 11,458,768 11,595,412 1.2 1.0 1.5 2.5 1.2 -- 176,270 41,481 292,643 51,227 38,837 21,470 176,845 42,178 296,479 51,662 39,616 21,412 177,893 42,425 297,925 51,988 40,181 21,674 180,981 42,714 303,971 53,690 40,487 21,849 187,829 43,705 311,282 53,797 41,584 22,324 188,663 44,240 314,829 54,518 41,802 22,580 0.3 1.7 1.3 0.9 2.0 -0.3 0.6 0.6 0.5 0.6 1.4 1.2 1.7 0.7 2.0 3.3 0.8 0.8 3.8 2.3 2.4 0.2 2.7 2.2 0.4 1.2 1.1 1.3 0.5 1.1 48 29 35 19 47 33 33,031 32,802 241,867 398,096 834,947 448,613 33,199 33,124 244,172 403,803 843,569 453,931 33,710 33,596 246,913 403,852 848,040 458,321 33,148 33,901 250,333 411,018 868,420 464,851 34,856 34,793 255,480 423,159 910,518 475,333 35,159 35,264 258,557 426,221 909,586 480,944 0.5 1.0 1.0 1.4 1.0 1.2 1.5 1.4 1.1 0.0 0.5 1.0 -1.7 0.9 1.4 1.8 2.4 1.4 5.2 2.6 2.1 3.0 4.8 2.3 0.9 1.4 1.2 0.7 -0.1 1.2 45 -30 46 50 31 483,025 201,149 337,269 375,244 188,817 489,447 202,535 341,006 380,244 190,344 492,904 204,213 342,697 383,598 192,362 500,312 205,933 343,329 385,955 194,745 511,555 211,452 349,507 395,850 199,122 516,949 213,816 353,326 400,702 201,686 1.3 0.7 1.1 1.3 0.8 0.7 0.8 0.5 0.9 1.1 1.5 0.8 0.2 0.6 1.2 2.2 2.7 1.8 2.6 2.2 1.1 1.1 1.1 1.2 1.3 40 38 39 28 22 97,111 93,749 197,301 188,399 59,654 20,545 24,940 98,073 95,394 200,195 191,114 60,792 21,020 25,153 98,586 96,246 200,765 192,143 60,787 21,004 25,459 100,064 98,748 202,667 194,752 61,972 21,452 25,800 102,926 100,654 208,422 198,739 63,532 22,024 26,693 103,927 102,331 211,491 201,272 64,123 22,093 27,026 1.0 1.8 1.5 1.4 1.9 2.3 0.9 0.5 0.9 0.3 0.5 0.0 -0.1 1.2 1.5 2.6 0.9 1.4 2.0 2.1 1.3 2.9 1.9 2.8 2.0 2.5 2.7 3.5 1.0 1.7 1.5 1.3 0.9 0.3 1.2 42 4 11 23 44 49 27 138,803 78,295 649,242 294,930 122,711 131,861 77,175 280,482 126,059 190,897 298,201 50,132 141,080 79,581 657,763 297,845 124,484 133,251 77,886 284,020 127,546 194,580 301,092 50,791 142,932 80,458 669,342 301,001 125,611 135,365 78,566 288,013 128,836 195,489 303,612 51,310 144,537 81,470 676,695 305,763 127,196 137,541 79,642 293,103 130,723 199,374 306,623 51,923 147,612 83,501 690,106 315,344 129,944 140,088 81,506 300,284 133,547 201,185 314,722 52,823 149,486 84,823 701,386 318,921 131,427 141,975 82,656 304,707 135,349 203,728 318,868 53,424 1.6 1.6 1.3 1.0 1.4 1.1 0.9 1.3 1.2 1.9 1.0 1.3 1.3 1.1 1.8 1.1 0.9 1.6 0.9 1.4 1.0 0.5 0.8 1.0 1.1 1.3 1.1 1.6 1.3 1.6 1.4 1.8 1.5 2.0 1.0 1.2 2.1 2.5 2.0 3.1 2.2 1.9 2.3 2.5 2.2 0.9 2.6 1.7 1.3 1.6 1.6 1.1 1.1 1.3 1.4 1.5 1.3 1.3 1.3 1.1 24 8 6 37 34 18 13 10 17 25 21 36 192,840 56,728 113,807 800,906 194,569 57,634 115,075 818,206 199,083 58,738 116,827 829,736 201,544 59,304 118,130 847,730 206,814 60,781 120,559 868,787 209,191 61,774 122,434 883,621 0.9 1.6 1.1 2.2 2.3 1.9 1.5 1.4 1.2 1.0 1.1 2.2 2.6 2.5 2.1 2.5 1.1 1.6 1.6 1.7 32 7 9 3 185,115 42,717 28,557 73,519 19,976 186,126 43,777 28,913 75,081 20,691 189,798 43,993 29,407 76,551 21,255 191,654 45,182 29,827 78,502 21,650 195,447 46,384 30,533 80,454 22,124 198,177 46,818 30,939 82,062 22,425 0.5 2.5 1.2 2.1 3.6 2.0 0.5 1.7 2.0 2.7 1.0 2.7 1.4 2.5 1.9 2.0 2.7 2.4 2.5 2.2 1.4 0.9 1.3 2.0 1.4 14 43 20 1 15 25,192 1,412,521 46,181 94,606 120,768 237,280 25,848 1,424,566 46,988 96,904 121,941 240,673 25,995 1,440,963 47,819 97,884 123,732 246,823 26,480 1,461,588 48,370 100,056 125,796 249,109 26,888 1,491,077 49,349 102,044 128,179 253,547 27,154 1,511,381 50,069 103,733 129,774 258,004 2.6 0.9 1.7 2.4 1.0 1.4 0.6 1.2 1.8 1.0 1.5 2.6 1.9 1.4 1.2 2.2 1.7 0.9 1.5 2.0 2.0 2.0 1.9 1.8 1.0 1.4 1.5 1.7 1.2 1.8 41 16 12 5 26 2 621,928 1,989,356 1,585,503 681,699 2,438,789 1,164,280 349,884 1,936,548 628,193 2,011,797 1,603,575 691,741 2,469,920 1,185,485 354,588 1,956,920 632,085 2,024,431 1,615,775 694,991 2,500,535 1,204,384 361,004 1,983,216 643,693 2,061,673 1,630,273 705,455 2,534,590 1,226,708 366,815 2,011,399 660,522 2,134,140 1,667,485 722,992 2,590,662 1,256,940 374,942 2,051,084 666,632 2,145,732 1,686,479 732,264 2,626,749 1,277,020 380,421 2,080,116 1.0 1.1 1.1 1.5 1.3 1.8 1.3 1.1 0.6 0.6 0.8 0.5 1.2 1.6 1.8 1.3 1.8 1.8 0.9 1.5 1.4 1.9 1.6 1.4 2.6 3.5 2.3 2.5 2.2 2.5 2.2 2.0 0.9 0.5 1.1 1.3 1.4 1.6 1.5 1.4 --------- r Revised. p Preliminary. 1. Percent changes are expressed at quarterly rates. Note: Estimates may not add to totals because of rounding. Source: U.S. Bureau of Economic Analysis Table 2. Contributions to Percent Change in Personal Income, by State and Region, 2007:I-2007:II/1 [Percentage points, seasonally adjusted] Net earnings Personal current transfer receipts Earnings by place of work Employer contributions for Percent Dividends, Contributions change in Excluding state State interest, for government Residence Wage and Employee personal unemployment unemployment Proprietors' Government and rent social adjustment salary pension and income insurance insurance income social insurance disbursements insurance insurance funds United States ................. New England Connecticut ................. Maine .......................... Massachusetts ............ New Hampshire .......... Rhode Island ............... Vermont ...................... Mideast Delaware ..................... District of Columbia ..... Maryland ..................... New Jersey ................. New York .................... Pennsylvania .............. Great Lakes Illinois .......................... Indiana ........................ Michigan ..................... Ohio ............................ Wisconsin ................... Plains Iowa ............................ Kansas ........................ Minnesota ................... Missouri ...................... Nebraska..................... North Dakota ............... South Dakota .............. Southeast Alabama ...................... Arkansas ..................... Florida ......................... Georgia ....................... Kentucky ..................... Louisiana .................... Mississippi .................. North Carolina ............. South Carolina ............ Tennessee .................. Virginia ........................ West Virginia ............... Southwest Arizona ........................ New Mexico ................ Oklahoma ................... Texas .......................... Rocky Mountain Colorado ..................... Idaho ........................... Montana ...................... Utah ............................ Wyoming ..................... Far West Alaska ......................... California ..................... Hawaii ......................... Nevada ....................... Oregon ........................ Washington ................. BEA regions New England................. Mideast.......................... Great Lakes................... Plains............................. Southeast....................... Southwest...................... Rocky Mountain............. Far West........................ 1.19 0.61 0.10 0.04 0.03 -0.07 0.00 0.43 0.06 0.00 0.44 1.22 1.14 1.34 0.52 1.14 0.01 0.70 0.58 0.85 -0.16 0.67 0.01 0.12 0.09 0.13 0.01 0.10 0.00 0.04 0.03 0.05 -0.03 0.04 0.05 0.02 0.03 0.03 0.06 0.01 0.01 -0.09 -0.06 -0.11 0.05 -0.08 -0.12 0.03 -0.03 0.04 0.10 0.01 0.45 0.32 0.44 0.30 0.39 0.32 0.04 0.08 0.05 0.04 0.06 0.07 0.00 0.01 0.01 0.01 0.04 0.02 0.87 1.35 1.20 0.72 -0.10 1.18 0.17 1.47 0.66 0.47 -0.90 0.75 0.05 0.23 0.08 0.05 -0.07 0.11 -0.01 0.07 0.04 0.02 -0.04 0.05 0.08 0.23 0.03 0.05 0.07 0.04 0.01 -0.14 -0.08 -0.05 0.12 -0.10 0.07 -0.94 0.10 -0.21 0.14 -0.02 0.45 0.39 0.32 0.35 0.53 0.31 0.06 0.04 0.04 0.04 0.05 0.06 -0.02 0.01 0.01 -0.01 -0.01 -0.01 1.05 1.12 1.09 1.23 1.29 0.57 0.74 0.63 0.76 0.78 0.10 0.13 0.10 0.12 0.13 0.03 0.04 0.03 0.05 0.04 -0.01 -0.09 -0.02 0.01 -0.02 -0.06 -0.09 -0.07 -0.09 -0.10 0.00 0.02 0.01 -0.01 0.02 0.41 0.33 0.39 0.34 0.39 0.04 0.06 0.06 0.06 0.05 -0.02 -0.02 -0.03 -0.01 0.00 0.97 1.67 1.47 1.27 0.93 0.31 1.24 0.70 0.82 0.88 0.71 0.70 0.56 0.68 0.12 0.20 0.13 0.11 0.11 0.08 0.11 0.04 0.05 0.05 0.04 0.04 0.03 0.04 -0.14 0.21 0.08 0.08 -0.30 -0.73 0.04 -0.09 -0.11 -0.11 -0.08 -0.09 -0.06 -0.09 0.01 -0.01 -0.01 -0.02 -0.02 -0.03 -0.01 0.29 0.44 0.39 0.37 0.45 0.41 0.42 0.05 0.05 0.05 0.07 0.05 0.05 0.06 -0.01 0.01 0.03 -0.01 -0.01 0.01 0.00 1.27 1.58 1.63 1.13 1.14 1.35 1.41 1.47 1.35 1.26 1.32 1.14 0.71 0.72 0.79 0.59 0.61 0.73 0.69 0.90 0.77 0.77 0.86 0.60 0.12 0.13 0.10 0.11 0.11 0.14 0.13 0.15 0.13 0.12 0.13 0.13 0.04 0.04 0.04 0.03 0.03 0.04 0.04 0.05 0.04 0.04 0.05 0.04 0.05 0.22 0.00 0.04 0.05 0.11 0.15 0.02 -0.01 0.08 0.02 0.08 -0.09 -0.10 -0.10 -0.06 -0.07 -0.09 -0.09 -0.12 -0.10 -0.10 -0.10 -0.09 0.01 -0.01 0.00 0.00 0.00 0.00 0.04 -0.01 0.02 -0.02 -0.01 0.03 0.37 0.47 0.72 0.38 0.36 0.35 0.35 0.41 0.40 0.28 0.33 0.27 0.08 0.09 0.07 0.06 0.07 0.06 0.09 0.07 0.08 0.07 0.05 0.08 -0.01 0.01 0.01 -0.01 -0.01 0.01 0.01 0.00 0.00 0.02 0.00 -0.01 1.15 1.63 1.56 1.71 0.60 0.88 0.70 0.99 0.09 0.12 0.10 0.15 0.03 0.05 0.04 0.06 -0.04 0.07 0.35 0.20 -0.07 -0.11 -0.09 -0.12 0.01 0.01 0.02 -0.01 0.44 0.54 0.36 0.39 0.08 0.08 0.07 0.06 0.01 0.00 0.00 -0.01 1.40 0.93 1.33 2.00 1.36 0.80 0.68 0.75 1.31 0.71 0.10 0.10 0.13 0.20 0.10 0.05 0.04 0.05 0.09 0.04 0.04 -0.33 0.03 0.05 0.07 -0.09 -0.09 -0.11 -0.18 -0.09 0.00 0.04 0.00 -0.01 0.00 0.46 0.44 0.43 0.50 0.47 0.04 0.07 0.06 0.05 0.05 -0.01 -0.02 -0.01 -0.01 0.01 0.99 1.36 1.46 1.66 1.24 1.76 0.55 0.74 0.87 0.85 0.78 1.20 0.02 0.13 0.11 0.13 0.11 0.19 0.03 0.05 0.05 0.04 0.05 0.09 0.07 -0.02 0.02 -0.01 -0.08 -0.07 -0.06 -0.09 -0.11 -0.09 -0.11 -0.18 -0.09 0.00 0.00 -0.01 -0.02 0.01 0.43 0.51 0.47 0.68 0.47 0.47 0.06 0.05 0.05 0.05 0.06 0.05 -0.01 0.01 0.00 0.01 -0.02 -0.01 0.92 0.54 1.14 1.28 1.39 1.60 1.46 1.42 0.40 -0.02 0.67 0.77 0.76 0.89 0.89 0.80 0.07 0.02 0.11 0.13 0.12 0.13 0.12 0.13 0.02 0.00 0.04 0.04 0.04 0.05 0.05 0.05 0.04 0.06 -0.02 0.01 0.04 0.17 0.00 -0.03 -0.04 0.01 -0.08 -0.10 -0.09 -0.11 -0.11 -0.11 -0.04 0.01 0.00 -0.01 0.00 0.00 0.01 0.00 0.42 0.42 0.38 0.39 0.46 0.41 0.47 0.51 0.05 0.05 0.05 0.06 0.07 0.06 0.05 0.05 0.01 -0.01 -0.02 0.01 0.00 0.00 -0.01 0.01 1. A component's contribution to percent change in personal income equals the dollar change in that component divided by personal income in the previous quarter times 100. Source: U.S. Bureau of Economic Analysis Table 3. Contributions to Percent Change in Personal Income by Major Industry, by State and Region, 2007:I-2007:II/1 [Percentage points, seasonally adjusted] Manufacturing Forestry, fishing, TransporTotal Wholesale Retail Farm related Mining Utilities Construction tation and Durable Nondurable earnings/2 trade trade activities, warehousing goods goods and other/3 United States .................. New England Connecticut .................. Maine ............................ Massachusetts ............. New Hampshire ............ Rhode Island ................ Vermont ........................ Mideast Delaware ...................... District of Columbia ...... Maryland ....................... New Jersey ................... New York ...................... Pennsylvania ................ Great Lakes Illinois ........................... Indiana .......................... Michigan ....................... Ohio .............................. Wisconsin ..................... Plains Iowa .............................. Kansas ......................... Minnesota ..................... Missouri ........................ Nebraska....................... North Dakota ................ South Dakota ................ Southeast Alabama ....................... Arkansas ...................... Florida .......................... Georgia ......................... Kentucky ....................... Louisiana ...................... Mississippi .................... North Carolina .............. South Carolina .............. Tennessee .................... Virginia ......................... West Virginia ................ Southwest Arizona ......................... New Mexico .................. Oklahoma ..................... Texas ............................ Rocky Mountain Colorado ....................... Idaho ............................ Montana ....................... Utah .............................. Wyoming ...................... Far West Alaska ........................... California ...................... Hawaii ........................... Nevada ......................... Oregon ......................... Washington .................. BEA regions New England................... Mideast............................ Great Lakes..................... Plains............................... Southeast........................ Southwest........................ Rocky Mountain............... Far West.......................... Information Finance and insurance 0.78 -0.03 0.00 0.03 0.01 0.03 0.08 0.06 0.08 0.04 0.01 0.01 -0.18 0.06 0.87 0.73 1.05 -0.12 0.80 -0.01 -0.02 0.00 -0.01 0.00 -0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 -0.04 0.01 0.01 0.02 0.02 0.03 -0.01 0.01 0.00 -0.02 0.03 0.01 0.09 0.06 0.08 0.15 -0.26 0.10 0.07 0.08 0.05 0.06 0.05 0.06 0.08 0.06 0.08 0.11 -0.12 0.06 0.04 0.04 0.03 0.07 -0.25 0.05 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.01 0.00 0.00 -0.73 -0.01 -0.30 0.00 -0.01 -0.05 0.30 2.00 0.80 0.59 -0.94 0.94 0.01 0.00 -0.01 -0.01 -0.01 -0.02 0.00 -0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.02 0.03 -0.02 0.01 0.02 -0.01 0.04 0.01 0.04 0.01 0.06 0.00 0.05 0.00 0.03 0.02 0.06 0.08 0.09 0.01 0.03 -0.09 0.02 0.08 0.08 0.03 0.06 0.10 0.05 0.08 0.04 0.00 0.03 0.04 0.02 0.03 0.01 -0.01 0.01 -0.03 0.01 0.02 0.01 0.06 0.01 0.01 0.01 0.01 -0.85 0.07 0.01 -0.11 -1.78 0.01 0.68 0.82 0.75 0.94 0.93 -0.09 -0.17 -0.04 -0.05 -0.05 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.00 0.02 0.02 0.02 0.02 0.01 0.02 0.09 -0.05 0.03 -0.03 0.07 0.18 0.12 0.10 0.13 0.10 0.11 0.07 0.09 0.13 0.09 0.08 0.07 0.08 0.09 0.03 0.02 0.01 0.03 0.04 0.02 0.01 0.00 0.02 0.02 0.00 0.00 0.01 0.00 0.01 -0.18 0.00 -0.01 0.00 0.00 0.72 1.29 1.14 0.94 0.55 -0.07 0.86 -0.17 0.10 0.04 0.02 -0.37 -0.77 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.04 0.01 0.01 0.01 0.00 0.01 0.02 0.02 0.02 0.02 0.03 0.04 0.02 -0.05 -0.03 0.01 0.02 0.01 -0.12 -0.04 0.11 0.14 0.07 0.08 0.04 0.06 0.07 0.11 0.13 0.09 0.08 0.09 0.04 0.08 0.07 0.08 0.12 0.09 0.09 0.05 0.08 0.04 0.04 0.04 0.04 0.04 0.07 0.06 0.04 0.01 0.01 0.02 0.02 0.03 0.02 0.00 0.01 0.00 0.01 0.01 0.01 0.00 0.03 0.02 0.03 -0.12 0.01 0.04 0.04 0.91 1.12 0.94 0.77 0.79 1.01 1.01 1.12 0.95 1.01 1.05 0.85 -0.01 0.18 -0.02 -0.01 -0.02 0.00 0.08 -0.02 -0.04 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.00 0.01 0.05 0.10 0.03 0.00 0.00 0.01 0.01 0.13 0.03 0.02 0.01 0.02 0.01 0.02 0.02 0.01 0.02 0.00 0.02 0.03 0.04 0.01 0.06 0.04 0.01 0.06 0.03 0.04 0.04 0.01 0.02 -0.02 0.09 0.06 0.04 0.07 0.10 0.09 0.14 0.09 0.10 0.10 -0.02 0.07 0.08 0.10 0.02 0.10 0.08 0.04 0.04 0.11 0.10 0.10 0.06 0.08 0.08 0.07 0.08 0.12 0.09 0.06 0.07 0.09 0.08 0.10 0.06 0.03 0.05 0.03 0.04 0.05 0.04 0.04 0.04 0.04 0.04 0.05 0.04 0.02 0.01 0.03 0.01 0.02 -0.13 0.05 0.03 0.01 0.01 0.03 0.01 -0.01 0.00 0.01 0.01 -0.14 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.00 0.01 0.02 0.01 0.01 -0.02 0.01 0.02 0.00 0.00 0.01 0.01 0.68 1.11 1.20 1.39 -0.03 -0.01 0.09 -0.01 0.00 0.00 0.00 0.00 0.02 0.09 0.25 0.18 0.02 0.02 -0.06 0.03 -0.08 0.13 0.01 0.08 0.06 0.04 0.11 0.09 0.03 0.02 0.17 0.11 0.11 0.04 0.08 0.11 0.07 0.05 0.00 0.05 -0.06 0.02 0.04 0.04 0.01 0.01 -0.05 0.01 -0.04 0.00 0.00 0.01 0.99 0.49 0.96 1.64 0.93 -0.02 -0.38 0.00 -0.03 -0.03 0.00 -0.01 0.00 0.00 0.00 0.10 0.01 0.07 0.05 0.34 0.02 0.01 0.03 0.01 0.03 -0.01 -0.06 0.03 0.19 -0.10 0.01 0.04 0.04 0.14 0.03 -0.09 0.05 0.03 0.10 0.04 0.08 0.06 0.07 0.12 0.08 0.05 0.08 0.07 0.09 0.03 0.03 0.02 0.01 0.01 0.04 0.06 0.01 0.00 0.03 0.00 -0.01 0.02 0.00 0.06 0.00 0.67 0.88 1.05 1.01 0.87 1.42 -0.01 -0.06 -0.02 -0.01 -0.14 -0.11 0.00 0.00 0.00 0.00 0.00 -0.01 0.11 0.01 0.00 0.01 0.01 0.01 0.02 0.02 0.02 0.01 0.01 0.00 0.10 0.00 0.19 -0.01 0.09 0.09 0.01 0.07 0.02 0.02 0.07 0.28 0.05 0.06 0.04 0.02 0.04 0.04 0.02 0.08 0.06 0.06 0.10 0.11 0.03 0.03 0.09 0.05 0.06 0.08 0.09 0.02 0.00 0.02 0.02 0.01 -0.01 0.01 -0.01 0.01 0.02 0.27 0.01 -0.02 0.03 -0.03 -0.01 0.01 0.53 0.06 0.80 0.95 0.96 1.24 1.06 0.96 -0.01 -0.01 -0.07 -0.05 0.00 -0.01 -0.07 -0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.16 0.09 0.01 0.00 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.00 0.03 0.01 -0.01 0.04 0.05 0.03 0.02 0.07 0.05 0.11 0.08 0.06 0.08 0.05 0.09 0.06 0.01 0.09 0.09 0.07 0.10 -0.01 0.05 0.07 0.07 0.08 0.09 0.08 0.10 0.09 0.08 0.02 0.03 0.03 0.04 0.04 0.05 0.06 0.04 0.01 0.01 0.01 0.02 0.01 0.02 0.02 0.02 0.01 0.01 0.00 0.00 -0.01 0.01 0.04 0.04 -0.35 -0.79 -0.06 -0.01 0.01 0.00 0.01 -0.02 1. An industry's contribution to percent change in personal income equals the dollar change in that industry's earnings divided by personal income in the previous quarter times 100. 2. Earnings by place of work is the sum of wage and salary disbursements (payrolls), supplements to wages and salaries, and proprietors' income. 3. "Other" consists of the wage and salary disbursements to U.S. residents employed by international organizations and foreign embassies and consulates in the U.S. Source: U.S. Bureau of Economic Analysis Table 3. Contribution to Percent Change in Personal Income by Major Industry, by State and Region, 2007:I-2007:II (continued) [Percentage points, seasonally adjusted] Government ManageAdminisArts, AccommoReal estate Professional ment of Other services, Health care trative and Educational entertain- dation and and rental and technical companies except public and social State and Federal, waste services ment, and food Military and leasing services and administration assistance local civilian services recreation services enterprises United States .................. New England Connecticut .................. Maine ........................... Massachusetts ............. New Hampshire ........... Rhode Island ............... Vermont ....................... Mideast Delaware ..................... District of Columbia ..... Maryland ...................... New Jersey .................. New York ..................... Pennsylvania ............... Great Lakes Illinois ........................... Indiana ......................... Michigan ...................... Ohio ............................. Wisconsin .................... Plains Iowa ............................. Kansas ......................... Minnesota .................... Missouri ....................... Nebraska...................... North Dakota ............... South Dakota ............... Southeast Alabama ...................... Arkansas ...................... Florida .......................... Georgia ........................ Kentucky ...................... Louisiana ..................... Mississippi ................... North Carolina ............. South Carolina ............. Tennessee ................... Virginia ......................... West Virginia ............... Southwest Arizona ........................ New Mexico ................. Oklahoma .................... Texas ........................... Rocky Mountain Colorado ...................... Idaho ............................ Montana ....................... Utah ............................. Wyoming ...................... Far West Alaska .......................... California ..................... Hawaii .......................... Nevada ........................ Oregon ......................... Washington .................. BEA regions New England.................. Mideast........................... Great Lakes.................... Plains.............................. Southeast....................... Southwest....................... Rocky Mountain.............. Far West......................... -0.01 0.19 0.05 0.03 0.00 0.15 0.02 0.05 0.03 0.01 0.01 0.11 -0.06 -0.01 -0.01 -0.02 0.00 0.00 0.17 0.12 0.28 0.17 -0.15 0.14 0.08 0.03 0.07 0.07 0.09 0.00 0.03 0.03 0.03 0.03 0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.14 0.23 0.19 0.18 0.16 0.19 0.02 0.01 0.02 0.02 0.02 0.01 0.03 0.06 0.05 0.06 0.05 0.07 0.03 0.03 0.03 0.04 0.03 0.03 0.00 0.01 0.01 0.00 0.02 0.00 0.00 0.01 0.00 0.01 0.05 -0.01 0.09 0.09 0.08 0.08 0.11 0.12 0.00 -0.04 0.01 -0.01 0.01 -0.01 0.23 1.06 0.25 0.21 0.24 0.18 0.10 -0.37 0.03 0.08 0.06 0.08 0.03 0.15 0.03 0.02 -0.01 0.03 0.00 -0.02 0.00 0.00 0.01 0.00 0.17 0.21 0.13 0.14 0.13 0.19 0.02 0.01 0.01 0.01 0.04 0.02 0.05 0.16 0.04 0.04 0.03 0.04 0.04 0.34 0.03 0.03 0.02 0.03 0.02 0.15 0.01 0.02 0.00 0.02 0.01 0.08 -0.02 0.00 0.00 -0.01 0.12 0.09 0.09 0.09 0.06 0.07 -0.07 -0.01 -0.04 -0.01 0.00 0.22 0.10 0.14 0.14 0.11 0.08 0.04 0.06 0.09 0.05 0.05 0.01 0.02 0.03 0.05 -0.01 -0.01 0.00 0.00 0.00 0.14 0.14 0.17 0.16 0.17 0.01 0.02 0.01 0.02 0.02 0.05 0.03 0.04 0.04 0.04 0.03 0.03 0.02 0.03 0.04 0.00 0.01 0.01 0.01 0.00 0.01 -0.01 -0.01 0.00 0.00 0.09 0.11 0.10 0.10 0.10 0.00 -0.01 -0.01 0.00 0.00 0.00 -0.03 0.09 0.15 0.17 0.16 0.11 0.11 0.08 0.04 0.03 0.11 0.09 0.08 0.06 0.04 0.02 0.04 0.04 0.03 0.02 -0.01 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.14 0.13 0.18 0.16 0.16 0.18 0.21 0.01 0.00 0.02 0.03 0.01 0.01 0.01 0.05 0.04 0.04 0.05 0.03 0.05 0.06 0.03 0.05 0.03 0.04 0.04 0.03 0.04 0.01 -0.02 0.01 0.01 0.00 -0.02 0.00 0.00 0.22 0.00 -0.01 0.00 -0.02 -0.01 0.13 0.10 0.12 0.11 0.10 0.08 0.09 -0.01 -0.01 0.00 -0.01 0.00 0.03 0.00 -0.01 0.00 -0.01 -0.01 0.00 0.14 0.10 0.17 0.19 0.11 0.12 0.11 0.15 0.13 0.14 0.34 0.12 0.02 0.08 0.04 -0.17 0.04 0.04 0.04 0.07 0.03 0.03 0.09 0.02 0.02 0.02 0.07 0.04 0.03 0.00 0.02 0.04 0.03 0.05 0.04 0.03 0.00 0.00 0.01 0.00 0.00 -0.02 0.00 0.00 0.00 0.00 0.01 -0.01 0.13 0.15 0.16 0.13 0.15 0.16 0.12 0.14 0.13 0.18 0.09 0.10 0.00 0.01 0.05 0.01 0.01 -0.04 0.01 0.02 0.01 0.02 0.01 0.02 0.04 0.05 0.08 0.06 0.04 0.10 0.04 0.05 0.07 0.06 0.04 0.03 0.03 0.03 0.04 0.04 0.03 0.01 0.03 0.04 0.04 0.04 0.05 0.03 0.01 0.00 -0.01 0.02 0.02 0.00 0.02 0.03 0.01 0.00 0.00 0.04 0.01 0.03 -0.01 0.05 0.00 0.03 0.03 0.04 0.02 0.00 0.04 0.01 0.12 0.13 0.10 0.12 0.10 0.10 0.11 0.14 0.13 0.10 0.12 0.09 -0.01 0.00 0.00 0.00 0.19 0.24 0.14 0.24 -0.12 0.02 0.03 0.03 0.02 0.06 0.01 0.04 0.01 0.00 0.01 0.00 0.16 0.14 0.10 0.14 0.03 0.01 0.01 0.00 0.06 0.07 0.03 0.07 0.04 0.04 0.09 0.02 0.04 0.03 0.01 0.01 0.00 -0.03 -0.04 0.01 0.12 0.11 0.17 0.13 -0.02 0.00 -0.05 0.01 -0.01 0.30 0.19 0.13 0.25 0.11 0.05 0.07 0.01 0.08 0.01 0.03 0.04 0.02 0.04 0.00 0.00 0.00 0.00 0.02 0.00 0.12 0.14 0.17 0.14 0.11 0.03 0.01 0.03 0.02 0.01 0.06 0.04 0.08 0.07 0.09 0.04 0.02 0.03 0.07 0.05 0.01 0.01 0.06 0.04 0.00 0.03 0.00 -0.01 0.01 0.00 0.10 0.11 0.15 0.11 0.11 0.00 -0.02 0.01 0.00 0.01 -0.01 0.13 0.22 0.10 0.13 0.14 0.17 0.02 0.04 0.04 0.10 0.07 0.05 0.03 0.03 0.08 0.02 0.02 0.03 0.00 0.00 0.01 0.00 0.00 -0.01 0.18 0.12 0.16 0.14 0.16 0.14 0.01 0.03 0.02 0.02 0.00 0.02 0.09 0.06 0.23 0.22 0.06 0.05 0.01 0.03 0.05 0.03 0.02 0.04 -0.02 0.02 -0.03 0.02 -0.01 0.00 -0.25 0.01 0.01 0.01 0.00 0.04 0.04 0.14 -0.03 0.18 0.14 0.12 -0.02 0.00 -0.03 0.00 0.00 0.00 -0.01 -0.01 0.20 0.24 0.16 0.14 0.17 0.22 0.25 0.20 0.07 0.06 0.07 0.08 0.02 0.01 0.05 0.04 0.03 0.01 0.03 0.03 0.04 0.04 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.17 0.15 0.16 0.16 0.14 0.14 0.13 0.13 0.02 0.03 0.01 0.02 0.02 0.01 0.02 0.03 0.05 0.04 0.04 0.04 0.06 0.07 0.06 0.07 0.03 0.03 0.03 0.04 0.04 0.03 0.05 0.03 0.01 0.01 0.00 0.00 0.01 0.01 0.02 0.01 0.01 0.00 0.00 0.03 0.02 0.00 0.02 0.01 0.09 0.07 0.10 0.11 0.11 0.13 0.11 0.13 Source: U.S. Bureau of Economic Analysis Table 4. Revisions to Personal Income, by State and Region, 2004-2006 Revised Percent Revision (Millions of dollars) 2004 2005 2006 2004 2005 2006 United States ................... New England Connecticut ................... Maine ............................ Massachusetts .............. New Hampshire ............ Rhode Island ................. Vermont ........................ Mideast Delaware ....................... District of Columbia ....... Maryland ....................... New Jersey ................... New York ...................... Pennsylvania ................ Great Lakes Illinois ............................ Indiana .......................... Michigan ....................... Ohio .............................. Wisconsin ..................... Plains Iowa .............................. Kansas .......................... Minnesota ..................... Missouri ........................ Nebraska....................... North Dakota ................. South Dakota ................ Southeast Alabama ........................ Arkansas ....................... Florida ........................... Georgia ......................... Kentucky ....................... Louisiana ...................... Mississippi .................... North Carolina ............... South Carolina .............. Tennessee .................... Virginia .......................... West Virginia ................. Southwest Arizona .......................... New Mexico .................. Oklahoma ..................... Texas ............................ Rocky Mountain Colorado ....................... Idaho ............................. Montana ........................ Utah .............................. Wyoming ....................... Far West Alaska ........................... California ....................... Hawaii ........................... Nevada ......................... Oregon .......................... Washington ................... BEA regions New England................... Mideast............................ Great Lakes..................... Plains............................... Southeast......................... Southwest........................ Rocky Mountain............... Far West.......................... 9,711,271 10,284,378 10,966,808 -0.1 0.6 1.0 159,256 39,510 266,818 47,170 36,814 19,750 166,987 40,634 280,502 48,979 38,388 20,324 177,997 42,199 297,755 52,142 39,780 21,601 0.4 0.7 -0.4 -0.2 0.4 1.2 0.7 0.1 0.2 -0.8 1.2 -0.2 1.9 -1.3 0.8 0.9 -0.3 1.0 29,269 29,220 219,938 361,679 739,795 413,901 31,211 31,195 232,457 377,006 790,329 431,836 33,272 33,356 245,821 404,192 848,744 456,429 -0.1 0.3 -0.3 -0.4 -0.3 0.1 0.0 1.5 -0.9 -1.2 2.4 -0.4 -0.1 2.9 -0.7 0.0 3.7 0.0 445,269 186,222 318,762 351,631 174,740 464,162 193,515 330,490 365,327 181,980 491,422 203,457 341,075 381,260 191,567 0.7 -0.7 -0.5 -0.3 -1.0 0.3 -0.9 -0.3 0.0 -1.1 0.2 -0.9 -0.2 -0.4 -0.6 90,515 84,620 183,795 173,968 55,486 18,674 23,881 93,335 89,773 190,529 181,930 57,727 20,341 24,650 98,459 96,034 200,232 191,602 60,801 21,005 25,338 -0.8 -1.1 -0.2 0.5 -0.6 0.9 -0.7 -0.6 -0.6 -0.3 0.5 -0.3 2.2 -2.2 -0.7 0.0 0.1 0.3 0.0 1.5 -4.5 126,283 70,706 565,211 264,635 111,676 122,294 69,778 251,285 113,348 174,741 267,785 45,731 133,063 74,835 616,767 283,913 118,301 111,696 74,033 266,985 120,729 184,637 287,250 47,955 141,838 79,951 663,261 299,885 125,001 134,505 78,317 286,405 128,291 195,085 302,382 51,039 -0.3 -0.2 0.0 0.0 -0.2 0.4 0.5 -0.4 -0.3 0.2 0.4 -0.2 -1.2 1.0 2.1 0.6 0.3 0.5 1.6 -0.8 0.5 0.1 1.3 0.1 -1.5 1.8 2.4 0.4 1.2 1.3 1.4 0.3 0.6 0.0 1.0 0.6 164,941 49,799 100,078 695,504 180,878 54,008 106,493 760,316 197,009 58,101 115,960 824,144 0.5 -1.8 0.1 0.7 1.2 0.5 0.4 2.2 1.6 0.2 0.6 2.3 163,805 38,123 25,814 63,613 17,760 175,815 40,414 27,313 70,167 18,907 188,173 43,917 29,176 75,914 20,893 -0.5 -0.3 0.1 0.2 0.2 0.5 -0.7 0.7 3.1 -0.4 1.0 0.0 0.6 2.3 -0.3 22,459 1,265,657 41,075 80,311 109,808 218,366 24,299 1,347,943 44,333 90,267 114,648 224,808 25,879 1,434,910 47,339 97,363 123,059 243,471 0.9 -0.2 -0.1 1.2 -1.4 0.7 3.0 0.9 1.0 4.7 -2.4 0.7 3.6 1.0 1.5 5.2 -1.2 1.7 569,318 1,793,801 1,476,625 630,940 2,183,474 1,010,321 309,115 1,737,676 595,815 1,894,034 1,535,474 658,284 2,320,164 1,101,695 332,616 1,846,297 631,475 2,021,814 1,608,781 693,472 2,485,959 1,195,214 358,073 1,972,021 0.0 -0.2 -0.2 -0.2 0.0 0.5 -0.3 -0.1 0.3 0.6 -0.2 -0.2 0.8 1.7 0.9 0.9 0.9 1.5 -0.3 -0.1 1.0 1.9 1.0 1.2 Source: U.S. Bureau of Economic Analysis