Oklahoma's personal income grows in second quarter
BY LAURIE WINSLOW World Staff Writer
Tuesday, September 25, 2012
Oklahoma was one of 10 states that experienced an acceleration in personal income growth in the second quarter, according to data released Tuesday by the U.S. Bureau of Economic Analysis.
Oklahoma’s personal income grew by 1.2 percent in the quarter, up from 0.8 percent the first quarter. Nationwide, the state ranked No. 7 for its percentage growth.
Oklahoma’s personal income expanded to $148.2 billion from $146.5 billion in the previous quarter.
Across the country, personal income growth slowed in 39 states plus the District of Columbia. Nevada’s personal income was unchanged for the quarter.
Personal income is a measure of the income received by all residents from all sources.
Nationwide, state personal income growth slowed to 1.0 percent in the second quarter, down from 1.7 percent in the first quarter, according to the BEA’s estimates.