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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 This material may not be published, broadcast, rewritten or redistributed.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 106 418 11,538
MORTGAGES 135 521 14,424
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 220 913 24,947
BANKRUPTCIES 53 297 8,729
BUSINESS LICENSES 26 119 3,890
UTILITY CONNECTIONS 71 524 13,980
MARRIAGE LICENSES 13 83 3,114

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