Personal income declines in most U.S. metropolitan areas

08:34, August 10, 2010      

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More than sixty percent of the U. S. metropolitan areas saw a decline in personal income last year, the U.S. Commerce Department reported on Monday.

Personal income dropped in 223 metro areas, increased in 134, and remained unchanged in 9 regions. On average, personal income fell 1.8 percent in 2009, after rising 2.7 percent in 2008.

In areas that saw gains, most of the increases came from government transfer receipts such as unemployment benefits or Social Security payments. Only in 57 regions did the net earnings of workers increase last year.

Even in most of the regions where net earnings increased, the gains were concentrated in the government sector. Military earnings growth was particularly strong in seven of the ten regions with the fastest personal income growth last year.

Personal incomes across the United States stalled in June, the Commerce Department reported last week. The figure is closely watched since it determines how much households could spend, which accounts for about 70 percent of the overall economy.

Source: Xinhua

(Editor:张茜)

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