Wyoming’s personal income rate grows for 1st time in 5 quarters
By APTuesday, June 22, 2010
Wyo. personal income sees 1st growth in 5 quarters
CHEYENNE, Wyo. — Wyoming’s Economic Analysis Division reports that personal income grew in Wyoming at a rate of 0.9 percent during the first quarter of 2010.
Division senior economist Jim Robinson says the first quarter was the first increase in personal income after four quarters of either decline or no change.
The modest growth put Wyoming in the middle of the pack nationally, ranking 25th out of the 50 states.
Personal income is defined as income received by all persons from sourcing including wages, interest and dividends, rents and government transfer payments.
The national average also grew 0.9 percent during the first quarter, while the Rocky Mountain region recorded growth of 0.7 percent.
