State Personal Income: Fourth Quarter 2015

State personal income grew 0.8 percent on average in the fourth quarter of 2015, down from 1.0 percent in the third quarter. Thirty-three states, including the four largest states California, Texas, Florida, and New York had slower growth in personal income in the fourth quarter than in the third quarter. Growth rates ranged from -0.1 percent in Wyoming, Oklahoma, and Nebraska to 1.3 percent in Michigan. Growth in Michigan, and eight other states (Missouri, Kentucky, Ohio, Illinois, Texas, Indiana, Kansas, and Tennessee) was boosted by bonuses paid to workers represented by the United Auto Workers for ratifying new contracts.

personal income percent 2015 q3q4

fourth quarter 2015 state PI

 

 


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