N. Dakota Leads the Country in Q1 Income Growth
From the BEA today:
"State personal income growth accelerated to 0.8% in the first quarter of 2012, from 0.4% percent in the fourth quarter of 2011. Personal income rose in 47 of the 50 states, fell in Kansas and Mississippi, and was unchanged in Oklahoma. The percent change across states ranged from 2.3% in North Dakota to -0.3% in Mississippi."
MP: Once again, the energy-rich, economic miracle state of North Dakota led the country on a key economic measure, this time with the highest personal income growth in the January to March period of 2.3% (9.2% at an annual rate), almost three times the national average of 0.4%. No. 1 North Dakota's income growth in Q1 was a full one-half percent above second place Nebraska, which had 1.8% income growth.