Personal Income Rises: Coastal states, led by...
Personal Income Rises: Coastal states, led by the Far West, outpaced the nation in non-farm personal income growth in the year ending in June, the Commerce Department said. The department’s Bureau of Economic Analysis said the Far West’s non-farm income grew 9.6% from the second quarter of 1988 to the same period this year. The region’s income growth was bolstered by strength in construction and manufacturing, particularly aircraft production. The growth rate in the Far West--which also includes Oregon and the national income growth leader, Nevada--was 1.2 percentage point above the U.S. average of 8.4%.
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