Business

Third-quarter personal income up slightly in Kansas

State personal income growth averaged 0.3 percent in the third quarter of 2009, and grew 0.34 percent in Kansas, according to the U.S. Department of Commerce's Bureau of Economic Analysis.

Nineteen states saw net earnings growth for the first time in at least a year, according to BEA estimates released this morning.

Personal income growth rates ranged from 0.8 percent in Alaska to minus 0.4 percent in Louisiana.

Although third-quarter personal income growth was slower than second-quarter growth (0.8 percent), its composition improved. Net earnings accounted for most of the third quarter growth in 33 states and for the nation.

In contrast, transfer receipts accounted for most second-quarter personal income growth in 41 states.

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