Arkansas Keeps Pace In Real Personal Income
by January 19, 2004 12:00 am 57 views
Among the seven states administered by the U.S. Federal Reserve Bank in St. Louis, only Mississippi outpaced Arkansas for real personal income growth during the first half of 2003. The Fed published the numbers in the January issue of The Regional Economist banking magazine.
Arkansas showed more than 2 percent growth in all four periods measured by The Fed and had equal or better growth than its neighbor in 2002’s second and 2003’s first quarter. Mississippi had 3.1 percent personal income growth during 2003’s second quarter, the best during the comparable quarters.
On the downside, regional economists agree that the growth is coming in states that were already lagging behind.
Tab Chart:
Real Personal Income Growth*
The following shows year-over-year percent changes in real personal income during the first half of 2003 for the seven-state district of the U.S. Federal Reserve Bank in St. Louis.tttt
| Second Quarter | First Quarter | |||
| 2003 | 2002 | 2003 | 2002 | |
| 1.0% | 1.3% | 1.1% | 0.5% | |
| 2.0% | 2.5% | 2.7% | 2.0% | |
| -0.7% | 1.0% | 0.6% | -0.5% | |
| 1.1% | 1.7% | 2.0% | 0.8% | |
| 1.4% | 2.4% | 1.9% | 2.0% | |
| 3.1% | 2.5% | 2.3% | 2.3% | |
| 1.4% | 1.5% | 0.5% | 1.6% | |
| 1.1% | 2.0% | 1.1% | 1.4% | |
*Personal income divided by the PCE chained-price index.ttSource: The Regional Economist, a publication of the U.S. Federal Reserve in St. Louis, Mo.