Personal incomes rose overall last year — but not as much as the year before and not at all in certain parts of the country.
By Mike Maciag | Governing
Gains in personal income appear to be headed in different directions across states.
Thanks in large part to population gains and the addition of high-paying jobs, most Western states recorded personal income growth rates of at least 4.5 percent for 2016, according to newly released annual estimates from the federal Bureau of Economic Analysis (BEA).
Nevada and Utah enjoyed particularly strong years, increasing 5.9 percent and 5.6 percent respectively. The southeastern U.S. and part of New England also registered sizable year-over-year gains.
Other parts of the county, however, didn’t experience the same kind of growth.