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Second Quarter: Indiana Ranks 38th In Nation For Personal Income Growth

The U.S. Bureau of Economic Analysis released data this morning reflecting state personal income growth for the second quarter of 2007. Indiana ranks 38th in the nation for growth between the first and second quarters. Also, if you check out the chart at the bottom of the linked page, it looks like the BEA has revised down Indiana's personal income data for the past three years.

Spi0907

Comments

Am I the only one noticing that this chart seems to be have a regional trend to it?

It does, indeed.

And in keeping with the recent "At Least We're Not Michigan" talking points, we do rank one spot ahead of that state for personal income growth.

I figure it's only a matter of time before the Guv starts blaming the region for his failures.

Hard to believe that retiree transplants might not in part account for the income growth in states like Florida, Texas, California or New Mexico. One has to think that no one in their right mind would really want to live in North Dakota!

It's income growth... not actual income... so going from $10,000 to $12,000 is twice the gain of $50,000 to $55,000.

Not sure why that is so exciting... or significant. The real economic story is what's happening to the US$ as interest rates adjust here and across the world... capital flows will be a major factor in the economy over the next two years.

It's significant because it shows, yet again, that we're not as awesome as the Guv says we are.

Which, of course, real people already knew. But he doesn't talk to the real people much.

At least he's trying and not standing in the way of progress...

If Indiana was doing so well, I wouldn't have to commute quite so far, I'm thinking.

"At least he's trying and not standing in the way of progress..."

They 2004 campaign team called. They want their talking points back.

"At least he's trying..." Reminds me of an unintentionally hilarious front page headline in The Star some time ago which read "Daniels: No shame in missing set goals". Priceless.

Correct me if I'm wrong...Are majority of the highest growth percentage states red states (repub), and the majority of the lowest, blue states (dem)?

Not really, but thanks for trying.

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