State's personal income growth rate holds steady in third quarter
BY LAURIE WINSLOW World Staff Writer
Wednesday, December 19, 2012
Oklahoma’s personal income growth rate held steady in the third quarter at 0.7 percent, according to information released Wednesday by the U.S. Bureau of Economic Analysis.
The state was one of five nationwide in which the growth rate was unchanged for the quarter. Growth slowed in 34 states and increased in 11 others.
Oklahoma's personal income grew to $148.7 billion up from $147.7 billion in the second quarter. The state’s 0.7 percent growth ranked the 13th-highest in the nation. A year ago at the same time, Oklahoma’s personal income totaled $143.8 billion.
Growth across the states ranged from 1.4 percent in North Dakota to -1.6 percent in South Dakota, according to the BEA.