News: State Quarterly Personal Income, Q1 2015 - Q3 2015

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today, EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, Monday, December 21, 2015
State Personal Income: Third Quarter 2015
State personal income grew 1.3 percent on average in the third quarter of 2015, the same pace as in the second quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income grew in every state with third-quarter personal income growth rates ranging from 0.6 percent in Alaska to 2.2 percent in Nebraska and South Dakota (table 1).
Not much, but some subject to the usual post-quarter revisions, momentum to report [to use a favorite phrase by mayor John Giles - but this was noted in the release:
The largest percentage increases in the third quarter were in Arizona and Oregon where nonfarm earnings grew 1.6 percent.
Readers can see the entire news release by going to this link >> http://www.bea.gov/newsreleases/regional/spi/sqpi_newsrelease.htm

Here are some details extracted:

Earnings in professional services grew 1.7 percent in the third quarter following a 1.8 percent rise in the second. 

This industry contributed the most to personal income growth in California, Michigan, and Utah.

Earnings in health care grew 1.6 percent in the third quarter following a 1.4 percent increase in the second.  

Health care was the leading contributor to personal income growth in New York and North Carolina in the third quarter.

Earnings in finance grew 1.5 percent in the third quarter following a 1.6 percent rise in the second quarter.  

Finance was the leading contributor to personal income growth in Arizona, Connecticut, and Delaware in the third quarter.

Earnings fell 1.9 percent in mining in the third quarter, after falling 5.5 percent in the second quarter and 0.6 percent in the first quarter. 

This subtracted from personal income growth, particularly in North Dakota, Wyoming, Oklahoma, West Virginia, Alaska, Louisiana, and Texas.

[Quarterly state personal income estimates for 2015:I and 2015:II have been revised]

Next quarterly state personal income release – March 24, 2016, at 8:30 A.M. for fourth quarter 2015 and preliminary annual 2015.