Posted: 8:19 AM Jun 28, 2012
Reporter: The Associated Press






In another bad sign for Mississippi's economy, the state was one of only two where personal income shrank in the first three months of 2012.

Personal income fell 0.3 percent, the worst performance among the states, according to the federal Bureau of Economic Analysis.

Kansas was the only other state where personal income shrank.

The announcement comes less than a month after the same agency concluded that Mississippi's overall economy dipped back into recession in 2011, shrinking more than all states but Wyoming.

Personal income is all of the income received by everyone from every source, including wages, business owner profits, interest, dividends, rent and government transfers.

It's not the same as a measure of the overall economy, but can be a rough proxy.

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