Boom time for earnings.In 2003, construction net earnings continued to out-grow other sectors, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. national statistics compiled by the Bureau of Economic Analysis. The Bureau of Economic Analysis last week released figures by state on personal income growth and on the growth of net earnings by industry from the 2nd to the 3rd quarter of 2003. Construction contributed disproportionately dis·pro·por·tion·ate adj. Out of proportion, as in size, shape, or amount. dis  pro·por to net earnings growth nationally, as overall net earnings grew 1.2% and net earnings in construction grew 1.8%. Net earnings equals payroll disbursements less personal share of employment taxes, plus other labor income and proprietors' income. Nationally, personal income grew 1.1% in the 3rd quarter compared with 1% in the 2 nd quarter and 0.8% in the 1st quarter, according to Kenneth D. Simonson, Chief Economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the , Associated General Contractors Associated General Contractors of America is the nation's oldest and largest trade association representing the construction industry. It was formed in 1918 following a request by President Woodrow Wilson. of America. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of state placed 36th out of 50 states with a growth of 1.1% in personal income, 1.1% in net earnings, with growth in construction net earnings at 1.2%. |
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