September 24, 2019
State personal income increased 5.4 percent at an annual rate in the second quarter of 2019, a deceleration from the 6.2 percent increase in the first quarter. The percent change in personal income across all states ranged from 7.5 percent in Texas to unchanged in North Dakota.
- Earnings increased 4.4 percent in the second quarter of 2019, after increasing 8.1 percent in the first quarter. Earnings increased in 20 of the 24 industries for which BEA prepares quarterly estimates.
- Property income increased 8.0 percent for the nation in the second quarter of 2019, after decreasing 4.6 percent in the first quarter. Property income increased in every state, ranging from 10.5 percent in Utah and New York to 4.7 percent in Alaska.
- Transfer receipts increased 6.1 percent for the nation in the second quarter of 2019, after increasing 15.4 percent in the first quarter. Growth in transfer receipts ranged from 10.6 percent in Alaska to 0.1 percent in Connecticut.
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