State personal income for the third quarter of 2011

摘要

State personal income growth slowed to 0.1 percent, on average, in the third quarter of 2011. In the second quarter, growth averaged 0.9 percent. The third-quarter increase, which was the smallest since the recovery in personal income began 2 years ago (chart 1), was due to an increase in earnings - transfer receipts declined and property income was unchanged. Personal income growth rates in the third quarter ranged from - 0.4 percent in West Virginia to 0.6 percent in Washington state. Personal income fell or was unchanged in 20 states and grew 0.2 percent, on average, in the other 30 states. Inflation, as measured by the national price index for personal consumption expenditures, decreased to 0.6 percent in the third quarter from 0.8 percent in the second quarter of 2011.