Arkansas' Personal Income Growth Among Highest in Nation - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

Arkansas' Personal Income Growth Among Highest in Nation

JUNE 23, 2005 - Posted at 7:36 a.m. CDT

 

LITTLE ROCK, AR - Federal statistics show that the percentage jump in Arkansans' personal income during the first three months of 2005 was the eighth-highest among the 50 states.

The U.S. Bureau of Economic Analysis says that's in part because personal incomes in the state are still relatively low.  The statistics released yesterday include wages, rent, interest and dividends and show they increased 1.4 percent in Arkansas in the year's first quarter, compared with the last three months of 2004.

The national average increase was .7 percent.

However Greg Kaza, executive director of the Arkansas Policy Foundation in Little Rock, said it would be more significant if Arkansas could improve its 49th ranking in overall per capita income, but that would take an extended period of income growth.

(Copyright 2005 by The Associated Press.  All Rights Reserved.)

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