Thursday, July 19, 2018
Business

Federal data show Florida ranks among top states in growth for personal income, earnings

Times Staff Writer

Challenging its reputation as a low-wage state, Florida registered strong gains in personal income growth last year, ranking third among all states, according to data out Tuesday from the U.S. Commerce Department's Bureau of Economic Analysis.

Florida's state personal income grew 4.9 percent in 2016 over the prior year, a growth rate exceeded by only Nevada (5.9 percent) and Utah (5.6 percent.)

State personal income is defined as the sum of net earnings by place of residence, property income, and personal current transfer receipts. Nationally, state personal income grew on average 3.6 percent in 2016, after increasing 4.5 percent in 2015.

Put in more personal terms, Florida's per capita income last year was $45,819, ranking 27th among states and representing 92 percent of the national per capita average of $49,571. That differential has remained fairly consistent for many years — a sign that while income may be growing, it has largely failed to close the gap with the nation as a whole.

Based only on growth in earnings — essentially the pay received in the workplace — Florida showed particular strength. Florida total earnings rose 6.2 percent in 2016 compared to the prior year, trailing only three western states: Nevada (7.2 percent), Utah (6.4 percent) and Washington (6.3 percent).

By sector, earnings in Florida's construction industry soared the most last year over 2015, up 13.5 percent as builders faced rising demand for work and an increasingly tight labor supply.

Comments
Kahwa’s next stop after 10 years in Tampa Bay? Publix

Kahwa’s next stop after 10 years in Tampa Bay? Publix

ST. PETERSBURG — It’s been Kahwa Coffee co-founders Raphael Perrier’s goal from the start.The chain of Tampa Bay coffee shops he opened with his wife has its roots in wholesale — so he dreamed of one day winning over a big distributor to get inside P...
Updated: 2 hours ago
New board members at CareerSource Pinellas press for answers

New board members at CareerSource Pinellas press for answers

CLEARWATER— New board members at a troubled job placement center received a call for oversight Wednesday — something all but absent in recent years at the agency."Question, question, question," said CareerSource Pinellas board chair Jack Geller durin...
Published: 07/18/18
PJs encouraged at Thursday’s Sunrise Sale in St. Pete. Prices go down when the sun comes up.

PJs encouraged at Thursday’s Sunrise Sale in St. Pete. Prices go down when the sun comes up.

The annual Sunrise Sale in St. Petersburg is almost as much of a bargain hunter’s holy grail as Black Friday. For 45 years, shoppers wearing pajamas have headed out at dawn to be in position at their favorite stores the moment the sun rises. That’s w...
Published: 07/18/18
Career Q&A:

Career Q&A:

Q: One of my co-workers is lying about a task she was supposed to complete. "Dawn" is responsible for renewing everyone’s membership in our industry’s professional association. However, last year she had a problem with my password, so I processed the...
Published: 07/18/18
New 35-story condo tower to rise in Tampa’s Channelside area

New 35-story condo tower to rise in Tampa’s Channelside area

TAMPA — A 35-story condo tower with just two units per floor is expected to start construction in the booming Channelside area early next year.Tampa-based Mercury Advisors announced Wednesday that it had obtained construction financing for the $74 mi...
Published: 07/18/18
St. Petersburg Downtown Partnership hires new CEO from Salt Lake City

St. Petersburg Downtown Partnership hires new CEO from Salt Lake City

ST. PETERSBURG — The nonprofit St. Petersburg Downtown Partnership on Wednesday said it has hired Jason Mathis as its new CEO.Mathis has more than 20 years of nonprofit experience, including serving as executive director of the Downtown Alliance in S...
Published: 07/18/18
Nitally’s set to reopen at a new, more intimate, South Pasadena location

Nitally’s set to reopen at a new, more intimate, South Pasadena location

Folks who have missed testing their taste buds with a St. Petersburg eatery’s famous inferno soup will get a chance to do so once again.Nitally’s ThaiMex Cuisine, which closed its downtown St. Petersburg location in May, will open soon in a smaller l...
Published: 07/18/18
Where to get a good hot dog in Tampa Bay for National Hot Dog Day

Where to get a good hot dog in Tampa Bay for National Hot Dog Day

Monday, July 23, is National Hot Dog Day. I don’t know precisely why, but I think some major lobbying from the sausage board was involved. It’s baseball season, it’s barbecue season, it’s I-don’t-feel-like-cooking season. Those are plenty of reasons....
Published: 07/18/18
Housing starts tumbled 12.3 percent in June

Housing starts tumbled 12.3 percent in June

Associated PressWASHINGTON — U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent. The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.17 m...
Published: 07/18/18
EU fines Google a record $5 billion over mobile system

EU fines Google a record $5 billion over mobile system

BRUSSELS — The European Union fined Google a record $5 billion Wednesday for using the market dominance of its Android mobile operating system to force handset makers to install Google apps, reducing choice for consumers.EU Competition Commissioner M...
Published: 07/18/18