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Personal income rises in most of the country but not in Florida

Personal income fell in Florida for the fourth straight quarter, missing out on the rebound felt by most of the country, according to government estimates released this morning.

U.S. personal income grew 0.2 percent in the second quarter of 2009, the first growth in a year for the country and for 15 states, the U.S. Bureau of Economic Analysis reported.

In the first quarter, U.S. personal income fell 2.3 percent.

Personal income increased in the second quarter in 36 states after falling in all states except Maryland in the first quarter, the report said.

Florida was in the minority, with personal income slipping 0.2 percent. With a total of $699 billion in personal income in the quarter, Florida ranked 41st.

For more details, go to: http://tinyurl.com/ygs5ptx.

Personal income rises in most of the country but not in Florida 10/16/09 [Last modified: Friday, October 16, 2009 10:39am]
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