State individual income accrued 3.8 percent astatine an yearly complaint successful nan 3rd 4th of 2019, a deceleration from nan 4.4 percent summation successful nan 2nd quarter, according to estimates released coming by nan Bureau of Economic Analysis (table 1). The percent alteration successful individual income crossed each states ranged from 15.2 percent successful South Dakota to 1.9 percent successful West Virginia and Wyoming.
Increases successful earnings, and successful transportation receipts, contributed to individual income maturation nationally and successful astir states (table 2). These increases were partially offset by decreases successful spot income (dividends, interest, and rent).
Earnings. For nan nation, net accrued 5.2 percent successful nan 3rd quarter, aft expanding 2.9 percent successful nan 2nd quarter. Earnings accrued successful 20 of nan 24 industries for which BEA prepares quarterly estimates (table 4). Farming; authorities and section government; and healthcare and societal assistance were nan starring contributors to wide maturation successful earnings.
Increases successful workplace net were nan starring contributors to income maturation successful each of nan 10 fastest increasing states, reflecting increases successful payments associated pinch nan Department of Agriculture's Market Facilitation Program successful nan 3rd quarter.
Transfer receipts. Transfer receipts accrued 5.0 percent for nan federation successful nan 3rd quarter, aft expanding 6.0 percent successful nan 2nd quarter. Growth successful transportation receipts ranged from 6.4 percent successful California to -0.2 percent successful Alaska.
Property income. Property income decreased 1.2 percent for nan federation successful nan 3rd quarter, aft expanding 7.9 percent successful nan 2nd quarter. Property income decreased successful almost each state, ranging from unchanged successful Nevada and Georgia to -2.8 percent successful New York.
Next release: March 24, 2020 astatine 8:30 A.M. EDT
Personal Income by State, Fourth Quarter and Year 2019 (Preliminary)