YOUR BUSINESS AUTHORITY

Springfield, MO

Missouri’s personal income grows

Posted online

The Show-Me State’s second-quarter personal income increased 0.7 percent to $266.6 billion from $264.8 billion in the first quarter.

Based on percentage change, Missouri ranked 31st among the states, according to a news release from the U.S. Bureau of Economic Analysis. Personal income is determined by adding together net earnings, dividends, interest and rent, and transfer payments.

Missouri’s personal income growth was in line with the United States average, which also grew 0.7 percent between the second and first quarters. The U.S. average was $16.4 trillion for the latest quarter. The Show-Me State tied for first with Nebraska in percentage change among the seven states in the BEA’s Plains region.

Compared with the same three-month period a year earlier, Missouri’s second-quarter personal income was up 1.7 percent from $262 billion, according to the release.

Comments

No comments on this story |
Please log in or register to add your comment
Editors' Pick

From the Ground Up: Maxon’s Diamond Merchants

Maxon’s Diamond Merchants owners Rick and Jane McElvaine in January plan to relocate from the Brentwood Center to a new building.

Most Read
SBJ Live logo
MOST-WATCHED VIDEOS
Zero Capital Startup

“I started with no working capital. My husband came back from Afghanistan and his job was gone, so he went back to Iraq for a year,” says Nanette Willis, owner of Sassy’s Goodies L.L.C. in …

90 Ideas - Crista Hogan “Torch your strategic plan,” says Crista Hogan, Executive Director of the Springfield Metropolitan Bar Association. “Don’t open a ton of time on a document you’re going to pit in a drawer, …
Growing a Business Mind “We received our initial investment, which was a great start up investment. Any founder would have loved to have had that,” says Charity McGill, CEO and Co-founder of Deep Water Software. “At …
Take the Initiative “It’s a definite plus when they walk in groomed, dressed without holes in their jeans and flip-flops,” says Jim Swafford, Owner and General Manager of Jimm’s Steakhouse & Pub. You never know …
Best Advice - Don’t be Intimidated Are you intimidated in certain situations? Tami North, Executive Director of the Rogersville Area Chamber of Commerce, and one of Springfield Business Journal’s Most Influential Women for 2017, …