Another Top-10 List — States with the Greatest (and Least) Increase in Personal Income from 2016 to 2017

Given a growing population, it is critically important to increase the number of jobs each year (in which the U.S. has increased the total number of jobs by 1.55 percent in the 12-months ending March 2018).   Always key, however, given the current inflationary pressure is to grow personal income.

Which states have the best personal income growth and where are the bottom performers?  The keeper of these data is the Bureau of Economic Analysis (BEA).  Their findings for the top 10-states (including the District of Columbia) regarding change in personal income from 2016 to 2017 are included in the following table, followed by the 10-states with the least attractive change in state personal income.  Added are state job gains in the same period.  State personal income increased 3.1 percent in 2017 compared to 2.3 percent in 2016.  Every state but one — North Dakota — posted a year-over-year gain in 2017.

Want to know changes for all 50 states?  Take a look at the following table, which is sorted both alphabetically and by state personal income change.

To review the BEA data click https://www.bea.gov/newsreleases/regional/spi/spi_newsrelease.htm

Good news for Americans in the year-over-year gain in State Personal Income.

Ted

Leave a Reply