Personal Income in Maine, 3rd Quarter
The Bureau of Economic Analysis today releases their 3rd quarter estimates for personal income. Not surprisingly, between the 2nd and 3rd quarter, Maine lags the national average in the 3rd quarter with 1.3 percent growth in personal income versus 1.4 percent nationally. Maine’s growth rate ranks 32nd among the states and falls into the second-to-last quintile.
The rest of New England did not fare any better with Connecticut growing by 1 percent, Massachusetts growing by 1.2 percent, New Hampshire by 1 percent, Rhode Island by 1 percent and Vermont by 1.3 percent.