|
|
Article: Regional perspectives: total personal income growth in recent quarters.
- Article from:
- Survey of Current Business
- Article date:
- January 1, 1990
CopyrightCOPYRIGHT 1990 U.S. Government Printing Office. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
REGIONAL PERSPECTIVES
Total Personal Income
Growth in Recent Quarters
A marked strengthening in manufacturing and mining payrolls in the Rocky Mountain region led to an acceleration in the growth of the region's total personal income that began in the second quarter of 1988. The strengthening in manufacturing in part reflected growth in the production of transportation equipment. In the mining industry, metal production surged. From the third quarter of 1988 to the third quarter of 1989, personal income growth in the Rocky Mountain region (8.7 percent) topped the U.S. average growth (8.5 percent) for the first time since late 1983 (chart ...