G-Fin™: U.S.A.: Economy Brief – 03.30.12
Regional and State Employment and Unemployment (Monthly)
In February, 29 states reported over-the-month unemployment rate decreases, 8 had increases, and 13 and the District of Columbia had no change.
Nonfarm payroll employment increased in 42 states and the district and decreased in 8 states.
County Employment and Wages
Over the year, Lake, Ohio, had the largest increase in average weekly wages in the third quarter of 2011, 17.1%.
Williamson, Tenn., had the biggest over-the-year percentage increase in employment, 5.4% in September 2011.
Personal Income and Outlays, February 2012
Personal income increased $28.2 billion, or 0.2%, and disposable personal income (DPI) increased $18.9 billion, or 0.2%, in February.
Personal consumption expenditures (PCE) increased $86.0 billion, or 0.8%.
In January, personal income increased $26.5 billion, or 0.2%, DPI increased $5.0 billion, or less than 0.1%, and PCE increased $40.9 billion, or 0.4%, based on revised estimates.
GDP (third estimate) and Corporate Profits, 4th quarter and annual 2011
Real gross domestic product—the output of goods and services produced by labor and property located in the United States—increased at an annual rate of 3.0% in the fourth quarter of 2011 (that is, from the third quarter to the fourth quarter), according to the “third” estimate released by the Bureau of Economic Analysis.
In the third quarter, real GDP increased 1.8%.
State Personal Income 2011
State personal income rose an average 5.1% in 2011 after rising 3.7% in 2010.
State personal income growth ranged from 3.4% in Maine to 8.1% in North Dakota.