Personal income on the decline - Phoenix Business Journal:

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percent in the first quarterr of 2009 on mountingjob losses, falling interestr rates and reduced corporate dividend payments. The Bureaiu of Economic Analysis released regional incomd data Thursday showing declines in 37 In Oregon, personal income rose slightly to $135.3 billionj in the first quarter, comparee with $134.5 billion a year ago. Washington incom rose 1 percentto $276.4 billiobn Declines were offset by inflation, which reduce d the cost of living by 0.3 percent in the first quarter of the The BEA, a division of the U.S. Department of said private sector earnings fell in all 50 statees by an averageof 1.4 perceny nationally.
Finance, manufacturing and constructionb were the major reasons for private sectordincome declines. Health care and government both posted Federal civilian and military employees received average pay raisesof 3.9 percenf in 2009, which helped to propel two government-dependentg states to positive incomd growth: Hawaii (up 0.8 percent) and Virginia (up 0.3 Alaska had the largest with personal income falling by 3.2 percent becausw a special distribution of $2,000 from the state’se permanent fund won’t be repeated. North Missouri, Iowa and Midwest suffered because of falling farmcommodityu prices.
Personal income in the Far West regionm ofthe country, which includess Oregon, Alaska, California, Hawaii, Nevada and remained relative flat comparec to the first and fourth quartersa of 2008.