ECONOMIC INDICATORS

R.I. personal income rises 0.8% in 1Q

COURTESY THE U.S. BUREAU OF ECONOMIC ANALYSIS
PERSONAL INCOME in Rhode Island rose 0.8 percent from $46.3 billion during the fourth 2011 to $46.7 billion during the first quarter 2012. For a larger version of this map, click HERE .
Posted 6/27/12

WASHINGTON - Personal income in Rhode Island rose 0.8 percent from $46.3 billion during the fourth 2011 to $46.7 billion during the first quarter 2012, according to a new report from the U.S. Bureau of Economic Analysis.

Personal income across New England rose 0.9 percent during the same period and nationwide it rose 0.8 percent.

The BEA defines personal income as the sum of net earning by place of residence, property income and personal current transfer receipts.

For its first quarter gains in personal income, Rhode Island ranked 20th in the nation.

Comparatively, North Dakota earned the first place slot, with an increase of 2.3 percent between the fourth quarter 2011 and the first quarter 2012.

Nationwide, first quarter earnings dropped in eight industries – real estate, farm, fishing and forestry, mining, utilities, information, federal/civilian and other sources.

The largest decline nationally, of 6.42 percent, was in the real estate industry. In Rhode Island, real estate profits dropped 5.84 percent between the fourth quarter 2011 and the first quarter 2012. .

The BEA analysis also noted that for two consecutive quarters, national earnings have dropped in the information industry and for three consecutive quarters, national earnings have dropped in the utilities industry.

In Rhode Island, the earnings from the information industry dropped 1.85 percent, a 0.12 percentage point difference from the 1.97 percent national loss.

Rhode Island’s utilities industry also fared better than the national average, with a loss of 0.62 percent versus the 1.14 percent loss across the U.S.

Calendar
PBN Hosted
Events

See the List of 2014 Winners. And save the date - September 10th - for the 3rd Annual Fastest Growing & Innovative Companies program at Rosecliff Mansion in Newport.
  • Healthiest Employers
    Thank you to all who attended the 3rd Annual Healthiest Employers Luncheon today ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement