Personal Income Up Slightly in Mississippi

By: The Associated Press
By: The Associated Press

Mississippi is one of only 13 states that did not record drops in personal income during the first quarter of 2009. That's according to the federal Bureau of Economic Analysis.

Personal income is the income received by all residents from all sources, including pay, investment interest and government payments.

Mississippi's personal income grew by 0.2 percent as compared with the fourth quarter of 2008. That follows a loss of 0.2 percent from the third quarter to the fourth quarter of 2008.

Nationally, personal income fell 0.5 percent during the latest quarter.

The Bureau of Economic Analysis says the overall loss was due to lost jobs, lower interest rates and smaller corporate dividend payments.


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