Personal income growth rose 2.3 percent in Maine over the past year and inched up 0.85 percent from the fourth quarter, according to the U.S. Department of Commerce’s Bureau of Economic Analysis.
Personal income is money from all sources such as salary, rental income and interest income.
Since the first quarter of 2007, personal income in Maine has risen 12.3 percent.
Nationally, personal income rose in 47 of the 50 states, fell in Kansas and Mississippi, and was unchanged in Oklahoma.
The percent change across states ranged from 2.3 percent growth in North Dakota to a drop of 0.3 percent in Mississippi.
Earnings increased in 16 of the 24 industries for which Bureau of Economic Analysis prepares quarterly estimates, with the largest percentage increases in the accommodations industry and the construction industry. The largest contributions to earnings growth were in health care and professional services.
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