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Re: CT: 3rd best place to live in the world, NY:4t
Personal Income
Wages and Pensions
By MARA LEE [email protected]
The Hartford Courant
7:57 p.m. EST, December 17, 2010
Connecticut's personal income — the amount all state residents earned, and collected on investments — fell more than twice as fast as the country's as a whole, the worst performance in the nation, a government report released Friday showed.
The aggregate income figure for July through September was $199.4 billion, down from 199.5 billion from April through June. The figure is an annualized rate, meaning it's the amount that would be earned in a full year at the pace of the third quarter.
Investment income was the major drag on the state, with $220 million less collected in stock dividends, interest and rent, compared to the previous quarter. The value of stocks rose sharply during the quarter, however.
The report is largely a reflection of what's happening with the very richest residents.
[Sample Our Free Connecticut Business Midday Newsletter]
Earnings were down 0.02 percent on the whole, with the biggest drop coming in finance and insurance. Health care wages grew the most, as the sector continues to add jobs. Manufacturing wages were second, partly from hiring, but mostly from a return to overtime pay.
I had it in my head that things were better up there
I'm still beating this dead horse.
Personal Income
Wages and Pensions
By MARA LEE [email protected]
The Hartford Courant
7:57 p.m. EST, December 17, 2010
Connecticut's personal income — the amount all state residents earned, and collected on investments — fell more than twice as fast as the country's as a whole, the worst performance in the nation, a government report released Friday showed.
The aggregate income figure for July through September was $199.4 billion, down from 199.5 billion from April through June. The figure is an annualized rate, meaning it's the amount that would be earned in a full year at the pace of the third quarter.
Investment income was the major drag on the state, with $220 million less collected in stock dividends, interest and rent, compared to the previous quarter. The value of stocks rose sharply during the quarter, however.
The report is largely a reflection of what's happening with the very richest residents.
[Sample Our Free Connecticut Business Midday Newsletter]
Earnings were down 0.02 percent on the whole, with the biggest drop coming in finance and insurance. Health care wages grew the most, as the sector continues to add jobs. Manufacturing wages were second, partly from hiring, but mostly from a return to overtime pay.
I had it in my head that things were better up there
I'm still beating this dead horse.
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