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VOL. 127 | NO. 188 | Wednesday, September 26, 2012

Mississippi Personal Income Outpaces Nation in Quarter

AP

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JACKSON, Miss. (AP) – Finally, some good news about Mississippi's economy.

Personal income grew at a 1.2 percent annual rate in 2012's second quarter, the federal Bureau of Economic Analysis said Tuesday. That's sixth-highest among the states. Personal income grew 1 percent nationwide.

Workplace earnings and government payments grew faster than the nation, while dividend, interest and rent income trailed slightly. Agriculture was the top contributor to Mississippi's strong performance.

The bureau also revised its initial estimate of Mississippi's first quarter performance, saying personal income grew 1 percent, instead of shrinking as officials originally figured.

That income decline, along with falling payrolls, had contributed evidence that Mississippi had stumbled back into recession.

Personal income is all income received by everyone from every source, including wages, business owner profits, interest, dividends, rent and government transfers.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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