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State personal income: second quarter of 2007 and revised estimates for 2004-2006.

CURRENT-DOLLAR personal income growth slowed in the second quarter of 2007, rising 1.2 percent after rising 2.5 percent in the first quarter. The slowdown partly reflected strong first-quarter personal income growth--the second strongest in the current economic expansion--which was boosted by large bonuses paid for 2006. However, year-over-year, personal income growth was strong, rising 6.4 percent.

For the second quarter, inflation, as measured by the national price index for personal consumption expenditures, rose 1.0 percent after increasing 0.9 percent in the first quarter, leaving real U.S. personal income little changed.

These preliminary second-quarter estimates were released by the Bureau of Economic Analysis (BEA) in September, along with preliminary 2006 state estimates of transfer receipts by major program, tax payments by level of government, and detailed farm income and expenses. BEA also released revised quarterly and annual estimates of state personal income for 2004 through the first quarter of 2007. This article presents highlights from the new and revised data.

Second quarter of 2007

Personal income--the income received by all persons from all sources--amounts to the sum of net earnings by place of residence, property income (income from rents, dividends, and interest), and transfer receipts. Because state personal income reflects the income of residents, a residence adjustment is also included.

In the second quarter, net earnings and transfer receipts accounted for the entire fall in current-dollar personal income growth. Net earnings by place of residence decelerated to 1.0 percent growth in the second quarter from 2.2 percent growth in the first quarter; first-quarter growth had been boosted by unusually large bonus payments in the finance industry. Professional services, health care, and state and local government contributed more than other industries to second-quarter personal income growth (table A). Transfers also decelerated in the second quarter because first-quarter growth had been boosted by annual cost-of-living adjustments and because of a slowdown in second-quarter Medicaid and social security payments.

Property income--dividends, interest, and rent--contributed 0.4 percentage points to growth in the second quarter, as it did in the first.

Growth in most states was very similar to the national average. Utah was an exception. It had notably higher growth in the second quarter and has grown substantially faster than all other states over the last year (table 1). The main contributors to its second-quarter growth were professional services, construction, and durable-goods manufacturing.

In New York, Connecticut, and North Dakota, on the other hand, growth was notably slower than the national average. The slow second-quarter growth in New York and Connecticut reflected unusually large first-quarter bonuses in the finance industry, which is heavily concentrated in those states. North Dakota's slow growth was concentrated in farming; slow farm earnings reduced personal income growth nearly 1 percentage point.

In the second quarter, eight states had growth rates that were less than the national inflation rate. Two regions (New England and the Mideast) out of eight BEA regions had income growth less than the inflation rate.

Taxes, transfers, and the farm sector

As is customary in September, BEA released preliminary state estimates for the previous year of tax payments by level of government, transfer receipts by major program, and detailed farm income and expenses. The new estimates, based on surveys and tabulations of administrative data, replace estimates of total taxes, total transfers, and total farm proprietors' income that were mostly extrapolations of past trends?

Taxes. Personal current tax payments, primarily income taxes, increased at a faster pace than personal income in 2006, continuing the pattern of 2005. Total tax payments increased 12 percent, in contrast to personal income growth of only 6.6 percent. Payments to both the Federal Government and to state governments exceeded the personal income growth rate, increasing 13 percent and 9.3 percent, respectively. Tax payments to local governments increased only 5.1 percent. (2) The increases in 2006 were smaller than the 2005 increases in tax payments for all levels of government.

Increases in personal current taxes paid to the Federal Government ranged from 7.1 percent in Michigan to 17 percent in Idaho. The largest increases were in states in the Rocky Mountain and Southwest regions, in line with their strong wage growth in 2006. Arizona, Idaho, Oklahoma, Texas, Utah, and Wyoming each had increases of 16 percent or more. In contrast, Federal tax payments increased 10 percent or less in Michigan, Ohio, and Indiana (all in the Great Lakes region). These state had the weakest wage growth in 2006.

Increases in personal current tax payments to state governments ranged from 17 percent in California to 1.2 percent in Ohio. Payments declined 5.6 percent in Kentucky, which reduced tax rates and expanded a low income tax credit.

Changes in personal current taxes paid to local governments ranged from an 18 percent increase in Indiana to a 54 percent decline in Oregon. The increase in Indiana is only partly attributable to higher tax rates in several counties; variation in the processing speed of income tax returns and the reconciliation of estimated and actual payments were also responsible.

The decline in Oregon was a result of the expiration of Multnomah County's temporary 3-year levy of 1.25 percent on the Oregon taxable income of county residents. This was the only local income tax in the state. All other personal current taxes paid to local governments in Oregon are for motor vehicle licenses, registration of pleasure boats, marriage license fees, and licenses for pets.

Transfers. Personal current transfer receipts increased 6.0 percent in 2006 after growing 6.9 percent in 2005. Medicare benefits increased 21 percent in 2006 (up from 10 percent growth in 2005) in part because of a new drug benefit (see the box "Medicare Prescription Drug Plan"). Food stamp benefits, unemployment insurance compensation, Federal education and training assistance, and benefits from a set of miscellaneous programs, including disaster assistance, declined in response to continued strong economic growth and recovery from Hurricane Katrina. (3)

Farm income and expenses. Farm proprietors' income fell to $15.8 billion in 2006, compared with $29.6 billion in 2005. The large drop in farm-sector income reduced national personal income growth by only 0.1 percentage point, but it reduced South Dakota's personal income growth 3.0 percentage points. In addition, the farm sector reduced personal income growth by 0.5 percentage point or more in North Dakota, Montana, Mississippi, Nebraska, Wyoming, Iowa, Idaho, Kansas, New Mexico, and Oklahoma.

Crop cash receipts of farmers were up 4 percent, bolstered by strong demand for corn. Corn cash receipts were up 19 percent, as growing demand by ethanol producers boosted corn prices. Of the five largest corn growing states, corn cash receipts were up almost 40 percent in Minnesota, between 18 and 21 percent in Iowa, Nebraska, and Indiana, and 0.2 percent in Illinois. (4)

However, the high corn prices increased livestock feed expenses nearly 9 percent in 2006 after falling 6 percent in 2005. Other production expenses were up only 3 percent. As a result, farmers slaughtered more livestock for sale, depressing prices, and lowering cash receipts. (5) Cash receipts for livestock were down about 4 percent in 2006. In addition, high crop prices reduced government payments in 2006, which fell 37 percent from 2005.

Revisions

Quarterly and annual estimates of state personal income have been revised, beginning with the first quarter of 2004. The estimates released in March are usually revised each September in order to incorporate source data that are more complete, more detailed, and otherwise more appropriate than those previously available (table B). The revisions also incorporate the results of the recent annual revision of the national income and product accounts (NIPAs). (6)

Annual revisions. The NIPA estimate of U.S. personal income in 2006, which controls the state estimates, was revised up 1.0 percent, the largest revision in the past several estimation cycles. (7) The entire revision was accounted for by property income. State revisions to the 2006 personal income estimates were also slightly larger than revisions to preliminary annual estimates in the last several revision cycles, but fewer of the revisions were significantly different from the average. The average revision for the 50 states and the District of Columbia was 0.7 percent (with a standard deviation of 1.2) (table C). This compares with an average revision of -0.4 percent (with a standard deviation of 1.4) when the preliminary 2005 estimates were revised last year, and an average revision of 0.0 percent (with a standard deviation of 1.5) when the preliminary 2004 estimates were revised 2 years ago. Even so, the 2006 revisions for 31 states, either up or down, were less than 1 percent (chart 1).

[GRAPHIC OMITTED]

In general, most of the large revisions to state personal income were attributable to the incorporation of new 2005 tax year, state-level Internal Revenue Service data for dividends, interest, and rent. Notable revisions include the following:

* For 2006, the revisions to state personal income were significantly different from average in three states: Nevada, New York, and South Dakota. In all three states the bulk of the revision is accounted for by the introduction of new data for dividends, interest, and rent for 2005. In addition, South Dakota's farm proprietors' income was also revised down sharply and New York's wages contributed 0.8 percentage points to the revision of its personal income.

* For 2005, Alaska, Nevada, Oregon, South Dakota, and Utah had revisions significantly different from average. In the case of Oregon, most of the revision was due to state and local government employer contributions to employee pension and health funds. In the other states, most of the revision was due to the new dividends, interest, and rent data for 2005. In addition, nonfarm proprietors' income contributed -0.5 percentage point to the revision of personal income in Utah, and transfer receipts and wage supplements each contributed about 0.5 percentage point to the revision of Alaska's personal income.

* For 2004, New Mexico, Nevada, and Oregon had revisions significantly different from average. In the cases of Nevada and New Mexico, the new dividends, interest, and rent data for 2005 accounted for most of the revision, because a centered 3-year moving average is used to allocate a national estimate. Therefore new data for 2005 affects estimates for 2004 (and 2005 and 2006). In addition, revised nonfarm proprietors' income contributed -0.5 percentage point to New Mexico's revision of total personal income and revised state and local government employer contributions for employee pension and insurance funds contributed to revised total personal income in Oregon.

First-quarter revisions. Estimates for the first quarter of 2007, released in June, were also revised to incorporate newly available tabulations of wages covered by state unemployment insurance from the Bureau of Labor Statistics (BLS). Previously, the first-quarter estimates were extrapolated from fourth-quarter estimates using BLS employment data. The average revision to personal income for all states and the District of Columbia was 1.1 percent (table C). The revision makes the first quarter one of the strongest quarters in the current expansion, exceeded only by the 2.6-percent growth in the fourth quarter of 2004.

Tables 1 through 5 follow.

Acknowledgments

The annual revision of state personal income was prepared by the Regional Economic Measurement Division under the direction of Robert L. Brown, Chief. Joel D. Platt, Associate Director for Regional Economics, provided general guidance. The preparation of the revised estimates was a divisionwide effort.

The estimates of nonfarm wages and salaries and supplements to wages and salaries were prepared by the Regional Wage Branch under the supervision of Sharon C. Carnevale, Chief. Major responsibilities were assigned to Elizabeth P. Cologer, John D. Laffman, Michael G. Pilot, Mauricio Ortiz, John A. Rusinko, and James M. Scott. Contributing staff members were Peter Battikha, Michael L. Berry, Ji S. Byun, Susan E Den Herder, Terence J. Fallon, Tina C. Highfill, Mark W. Hodgins, Russell C. Lusher, Paul K. Medzerian, Nathan D. Patterson, Melanie N. Vejdani, and Jaime Zenzano.

The quarterly estimates of state personal income and the annual estimates of farm wages and salaries, farm supplements to wages and salaries, farm proprietors' income, property income, personal current transfer receipts, contributions for government social insurance, and the adjustment for residence were prepared by the Regional Income Branch under the supervision of James M. Zavrel, Chief. Major responsibilities were assigned to Carrie L. Litkowski, Toan A. Ly, Jeffrey L. Newman, James P. Stehle, and Matthew A. yon Kerczek. Contributing staff members were Suet M. Boudhraa, Daniel R. Corrin, Michelle A. Harder, Carla R. Jenkins, Brian J. Maisano, W. Tim McKeel, Loren Morales, Julia T. Nguyen, and Troy P. Watson.

The estimates of personal current tax receipts were prepared by Ann E. Dunbar under the supervision of Robert L. Brown.

The public-use tabulations and data files were assembled and the tables were prepared by the Regional Economic Information System Branch under the supervision of Kathy A. Albetski, Chief. Major responsibilities were assigned to Gary V. Kennedy. Contributing staff members were Alison M. Adam, Giselle Cubillos-Moraga, H Steven Dolan, Michael J. Paris, Callan S. Swenson, and Monique B. Tyes.

Relation of Personal Income in the NIPAs and State Personal

The level of personal income estimates in the national income and product accounts (NIPAs) differs from the national total in the state personal income estimates because of differences in coverage and in the timing of the availability of source data.

The differences in coverage stem from different concepts of residence. For NIPA personal income, a U.S. resident has a center of economic interest in the country and resides, or expects to reside, in the country for a year or more. For state personal income, a resident is a participant in a U.S. regional economy, regardless of the individual's national allegiance or duration of residence.

In general, the NIPA measure of personal income is broader than state personal income. Some key coverage differences are:

* NIPA personal income includes the earnings of Federal civilian and military personnel stationed abroad and the investment income received by the Federal retirement plans of these workers. The regional measure of personal income does not include this income.

* NIPA personal income includes all income earned by U.S. citizens living abroad for less than a year. State personal income excludes the portion earned while an individual lives abroad.

* NIPA personal income includes the income of foreign nationals only if they live and work in the United States for a year or more. State personal income includes the income of resident foreign nationals working in the United States--including migrant workers--regardless of length of residency.

The annual estimates of personal income in the NIPAs also diverge from the national total of state personal income because of differences in the timing of the availability of source data. For example, farm proprietors' income in the NIPAs for 2006 was $3.5 billion higher than in state personal income, because the state estimates of farm proprietors' income incorporated revised U.S. Department of Agriculture data that were not available until after the national estimate was released.

Both NIPA and state personal income include the income of U.S. residents employed by international organizations or by other countries while living in the United States and exclude the income of foreign nationals employed by their home governments or by international organizations in the United States. In addition, both measures exclude the income of private U.S. citizens living outside the country for a year or more.

Jeffrey L. Newman

Medicare Prescription Drug Plan

The Medicare Prescription Drug Plan, also known as Medicare Part D, is a voluntary prescription drug insurance program available to elderly and disabled persons that began January 1, 2006. The plan was designed to increase the availability and to reduce the cost of outpatient prescription drugs to persons covered by Medicare. To receive benefits, persons aged 65 or more must be enrolled in an approved insurance plan that has a prescription drug component, pay the required premiums, and meet the mandated deductibles. Persons who qualify for Medicaid are automatically enrolled in the program if they do not select a plan on their own.

Three aspects of the prescription drug plan affect personal income directly: Premium payments from enrollees, payments to qualified insurance plans on behalf of enrollees, and incentive payments to employers.

Premium payments made to prescription drug plans by enrollees of the Medicare Prescription Drug Plan are treated in the national income and product accounts (NIPAs) as employee and self-employed contributions for government social insurance. This is similar to the treatment of premiums paid for Medicare Part B, the other component of Supplementary Medical Insurance. Employee and self-employed contributions for government social insurance are a deduction in the derivation of personal income. Premiums paid for Medicare Part D were slightly more than $1 billion in 2006.

Federal Government payments to qualified insurance plans on behalf of enrollees are recorded in the NIPAs as personal current transfer receipts. In addition, Federal incentive payments to employers for continuing prescription drug coverage for their retirees are also recorded as personal current transfer receipts. The total of these payments in 2006 was $45 billion, about 11 percent of all Medicare benefits.

While Medicare benefits were growing because of the new prescription drug plan, Medicaid benefits were falling. Nationally, Medicaid benefits fell 1.6 percent in 2006 after increasing 5.2 percent in 2005. Part of the decline can be attributed to the switching of some drug benefits formerly provided by Medicaid to the new Medicare Prescription Drug Plan.

In addition, the Medicare Prescription Drug Plan may have affected the health insurance component of employer contributions to employee pensions and health insurance (a component of compensation). This is because those employers who accepted incentive payments from the Federal Government to continue drug coverage for their retirees could reduce their own contributions commensurately. Other employers may have decided to eliminate drug coverage for their retirees, expecting them to obtain coverage under the Medicare Prescription Drug Plan. The magnitude of these impacts is not read@ identifiable in the source data.

Data Availability

This article presents summary estimates of annual personal income and disposable personal income for 2001-2006; estimates of annual personal income by major source and earnings by industry for 2004-2006; estimates of quarterly personal income for the third quarter of 2003 to the second quarter of 2007; and quarterly personal income by major source and earnings by major industry for the fourth quarter of 2005 to the second quarter of 2007. These estimates and more detailed estimates of personal income and employment for states are available interactively on BEA's Web site.

The following annual state estimates are available at <www.bea.gov/bea/regional/spi>:

* Personal income, per capita personal income, and population for 1929-2006

* Disposable personal income and per capita disposable personal income for 1948-2006

* State income and employment summary, 1948-2006

* Personal income by major source and earnings by industry (North American Industry Classification System (NAICS) three digit) for 1990-2006, (Standard Industrial Classification System (SIC) two digit) for 1958-2000, and (SIC division level) for 1929-57

* Personal income by major source and earnings by major industry (SIC division level) for 2001

* Compensation of employees by industry (NAICS three digit) for 2001-2006 and (SIC two digit) for 1998-2000

* Compensation of employees by industry (SIC division level) for 2001

* Wage and salary disbursements by industry (NAICS three digit) for 2001-2006, (SIC two digit) for 1958-2000, and (SIC division level) for 1929-57

* Wage and salary disbursements by major industry (SIC division level) for 2001

* Full-time and part-time employment by industry (NAICS three digit) for 1990-2006, (SIC two digit) for 1969-2000, and (SIC division level) for 2001

* Full-time and part-time wage and salary employment by industry (NAICS three digit) for 2001-2006, (SIC two digit) for 1969-2000, and (SIC division level) for 2001

* State economic profiles (a selection of personal income and employment data for each state) for 1958-2006

* Personal current transfer receipts by major program for 1948-2006

* Farm income and expenses (including the major categories of gross receipts and expenses for all farms and for measures of farm income) for 1969-2006

* Personal current tax receipts by level of government and by type for 1948-2006 The following quarterly state estimates are available at <www.bea.gov/bea/regional/sqpi/>:

* Personal income for the first quarter of 1948 to the second quarter of 2007

* Quarterly income summary for the first quarter of 1948 to the second quarter of 2007

* Personal income by major source and earnings by major industry (NAICS two digit) for the first quarter of 2001 to the second quarter of 2007

* Personal income by major source and earnings by major industry (SIC division level) for the first quarter of 1948 to the fourth quarter of 2001

* Compensation of employees by industry (NAICS two digit) for the first quarter of 2001 to the second quarter of 2007

* Compensation of employees by industry (SIC division level) for the first quarter of 1998 to the fourth quarter of 2001

* Wage and salary disbursements by major industry (NAICS two digit) for the first quarter of 2001 to the second quarter of 2007

* Wage and salary disbursements by major industry (SIC division level) for the first quarter of 1948 to the fourth quarter of 2001

In addition, the entire set of estimates for all states will be available in October 2007 on a CD-ROM, including an updated description of the sources and methods used to estimate state personal income. To order the free CD-ROM State Personal Income, 1929-2006 (product number RCN-0852), call the Order Desk at 1-800-704-0415 (outside the United States, call 202-606-9666).

The state personal income estimates are also available through the members of the BEA User Group, which consists of state agencies and universities that help BEA disseminate estimates in their states. For a list of User Group members, go to <www.bea.gov/bea/regional/docs/usergrp.cfm>.

For more information about these estimates, please call the Regional Economic Information System at 202-606-5360, fax 202-606-5322, or e-mail <reis.remd@bea.gov>.

(1.) The only source data available for the state quarterly estimates of transfer receipts and farm proprietors' income had been unemployment benefits data from the Department of Labor and farm cash receipts from the Department of Agriculture (see table B).

(2.) About three-quarters of the national total of personal current taxes paid to local governments and 83 percent of the national total of local income taxes are paid in Maryland, New York, Ohio, and Pennsylvania.

(3.) The set of miscellaneous programs are called other transfer receipts of individuals from governments in table SA35 on <www.bea.gov>.

(4.) The value of corn production actually increased 25 percent in Illinois. Cash receipts, however, were essentially the same in 2005 and 2006 because in 2005, farmers reduced their corn inventories, raising cash receipts above the value of production, and in 2006, farmers built up their corn inventories, reducing cash receipts below the value of production.

(5.) Poor pasturage and low dairy prices also contributed to the decision to increase livestock slaughter.

(6.) See Eugene E Seskin and Shelly Smith, "Annual Revision of the National Income and Product Accounts," SURVEY OF CURRENT BUSINESS 87 (August 2007): 6-24.

7. "Control" refers to a statistical convention that forces personal income across all states to sum to the NIPA total by allocating the difference between the measures to states.
Table A. Contributions to Percent Change in Earnings by Place of
Work by State and Region, 2007:I-2007:II (1)

[Percentage points, seasonally adjusted]

 Forestry,
 fishing,
 related
 Total activities,
 earnings (2) Farm and other (3)

United States 0.78 -0.03 0.00
 New England
 Connecticut 0.06 -0.01 0.00
 Maine 0.87 -0.02 0.00
 Massachusetts 0.73 0.00 0.00
 New Hampshire 1.05 -0.01 0.00
 Rhode Island -0.12 0.00 0.00
 Vermont 0.80 -0.04 0.00
Mideast
 Delaware 0.30 0.01 0.00
 District of
 Columbia 2.00 0.00 -0.03
 Maryland 0.80 -0.01 0.00
 New Jersey 0.59 -0.01 0.00
 New York -0.94 -0.01 0.00
 Pennsylvania 0.94 -0.02 0.00
 Great Lakes
 Illinois 0.68 -0.09 0.00
 Indiana 0.82 -0.17 0.00
 Michigan 0.75 -0.04 0.00
 Ohio 0.94 -0.05 0.00
 Wisconsin 0.93 -0.05 0.00
 Plains
 Iowa 0.72 -0.17 0.00
 Kansas 1.29 0.01 0.00
 Minnesota 1.14 0.04 0.00
 Missouri 0.94 0.02 0.00
 Nebraska 0.55 -0.37 0.00
 North Dakota -0.07 -0.77 0.00
 South Dakota 0.86 0.01 0.00
 Southeast
 Alabama 0.91 -0.01 0.00
 Arkansas 1.12 0.18 0.00
 Florida 0.94 -0.02 0.00
 Georgia 0.77 -0.01 0.00
 Kentucky 0.79 -2.00 0.00
 Louisiana 1.01 0.00 0.00
 Mississippi 1.01 0.08 0.00
 North Carolina 1.12 -0.02 0.00
 South Carolina 0.95 -0.04 0.00
 Tennessee 1.01 0.00 0.00
 Virginia 1.05 0.00 0.00
 West Virginia 0.85 0.01 0.00
 Southwest
 Arizona 0.68 -0.03 0.00
 New Mexico 1.11 -0.01 0.00
 Oklahoma 1.20 0.09 0.00
 Texas 1.39 -0.01 0.00
 Rocky Mountain
 Colorado 0.99 -0.02 0.00
 Idaho 0.49 -0.38 -0.01
 Montana 0.96 0.00 0.00
 Utah 1.64 -0.03 0.00
 Wyoming 0.93 -0.03 0.00
 Far West
 Alaska 0.67 -0.01 0.00
 California 0.88 -0.06 0.00
 Hawaii 1.05 -0.02 0.00
 Nevada 1.01 -0.01 0.00
 Oregon 0.87 -0.14 0.00
 Washington 1.42 -0.11 -0.01
BEA regions
 New England 0.53 -0.01 0.00
 Mideast 0.06 -0.01 0.00
 Great Lakes 0.80 -0.07 0.00
 Plains 0.95 -0.05 0.00
 Southeast 0.96 0.00 0.00
 Southwest 1.24 -0.01 0.00
 Rocky Mountain 1.06 -0.07 0.00
 Far West 0.96 -0.07 0.00

 Mining Utilities Construction

United States 0.03 0.01 0.03
 New England
 Connecticut 0.00 -0.04 -0.01
 Maine 0.00 0.01 1.00
 Massachusetts 0.00 0.01 0.00
 New Hampshire 0.00 0.02 -0.02
 Rhode Island 0.00 0.02 0.03
 Vermont 0.01 0.03 0.01
 Mideast
 Delaware 0.00 0.02 0.04
 District of
 Columbia 0.00 0.03 0.01
 Maryland 0.00 -0.02 0.04
 New Jersey 0.00 0.01 1.00
 New York 0.01 2.00 0.06
 Pennsylvania 0.02 -0.01 0.00
 Great Lakes
 Illinois 0.02 0.02 0.02
 Indiana 0.01 0.02 0.09
 Michigan 0.01 0.02 -5.00
 Ohio 0.01 2.00 0.03
 Wisconsin 0.00 0.01 -0.03
 Plains
 Iowa 0.01 0.02 -0.05
 Kansas 0.04 2.00 -0.03
 Minnesota 0.01 0.02 0.01
 Missouri 0.01 0.02 0.02
 Nebraska 0.01 3.00 0.01
 North Dakota 0.00 4.00 -0.12
 South Dakota 0.01 0.02 -0.04
 Southeast
 Alabama 0.02 0.03 0.04
 Arkansas 2.00 0.02 0.01
 Florida 0.00 0.01 0.06
 Georgia 0.01 0.02 0.04
 Kentucky 0.05 0.01 0.01
 Louisiana 0.10 0.02 0.06
 Mississippi 0.03 0.02 0.03
 North Carolina 0.00 0.01 0.04
 South Carolina 0.00 0.02 0.04
 Tennessee 0.01 0.00 0.01
 Virginia 0.01 0.02 0.02
 West Virginia 0.13 0.03 -0.02
 Southwest
 Arizona 0.02 2.00 -0.08
 New Mexico 0.09 0.02 0.13
 Oklahoma 0.25 -0.06 0.01
 Texas 0.18 0.03 0.08

 Rocky Mountain
 Colorado 0.10 0.02 -0.01
 Idaho 0.01 0.01 -0.06
 Montana 0.07 0.03 0.03
 Utah 0.05 0.01 0.19
 Wyoming 0.34 0.03 -0.10

 Far West
 Alaska 0.11 0.02 0.10
 California 0.01 0.02 0.00
 Hawaii 0.00 0.02 0.19
 Nevada 0.01 0.01 -0.01
 Oregon 0.01 0.01 0.09
 Washington 0.01 0.00 0.09

BEA regions
 New England 0.00 0.00 0.00
 Mideast 0.01 0.01 0.03
 Great Lakes 0.01 0.02 0.01
 Plains 0.01 0.02 -0.01
 Southeast 2.00 0.02 0.04
 Southwest 0.16 0.02 0.05
 Rocky Mountain 0.09 0.02 0.03
 Far West 0.01 0.02 0.02

 Manufacturing

 Durable Nondurable Wholesale
 goods goods trade

United States 0.08 0.06 0.08
 New England
 Connecticut 0.09 0.07 0.08
 Maine 0.06 0.08 0.06
 Massachusetts 0.08 0.05 0.08
 New Hampshire 0.15 0.06 0.11
 Rhode Island -0.26 0.05 -0.12
 Vermont 0.10 0.06 0.06
 Mideast
 Delaware 5.00 0.09 0.08
 District of
 Columbia 0.00 0.01 0.03
 Maryland 0.03 0.03 6.00
 New Jersey 0.02 -0.09 0.10
 New York 0.06 0.02 0.05
 Pennsylvania 0.08 0.08 0.08
 Great Lakes
 Illinois 0.07 0.10 0.09
 Indiana 0.18 0.11 0.08
 Michigan 0.12 0.07 0.07
 Ohio 0.10 0.09 0.08
 Wisconsin 0.13 0.13 0.09
 Plains
 Iowa 0.11 0.11 0.07
 Kansas 0.14 0.13 0.08
 Minnesota 0.07 0.09 0.12
 Missouri 0.08 0.08 0.09
 Nebraska 0.04 0.09 0.09
 North Dakota 0.06 0.04 0.05
 South Dakota 0.07 0.08 0.08
 Southeast
 Alabama 0.09 0.08 0.08
 Arkansas 0.06 0.10 0.07
 Florida 0.04 0.02 0.08
 Georgia 0.07 0.10 0.12
 Kentucky 0.10 0.08 0.09
 Louisiana 0.09 0.04 0.06
 Mississippi 0.14 0.04 0.07
 North Carolina 0.09 0.11 0.09
 South Carolina 0.10 0.10 0.08
 Tennessee 0.10 0.10 0.10
 Virginia -0.02 0.06 0.06
 West Virginia 0.07 0.08 0.03
 Southwest
 Arizona 0.06 0.03 0.11
 New Mexico 0.04 0.02 0.04
 Oklahoma 0.11 0.17 0.08
 Texas 0.09 0.11 0.11
 Rocky Mountain
 Colorado 0.01 -0.09 0.08
 Idaho 0.04 0.05 0.06
 Montana 4.00 0.03 0.07
 Utah 0.14 0.10 0.12
 Wyoming 0.03 0.04 0.08
 Far West
 Alaska 0.01 0.05 0.02
 California 0.07 0.06 0.08
 Hawaii 0.02 4.00 0.06
 Nevada 0.02 0.02 0.06
 Oregon 0.07 0.04 0.10
 Washington 0.28 0.04 0.11
BEA regions
 New England 0.07 0.06 0.07
 Mideast 0.05 0.01 0.07
 Great Lakes 0.11 0.09 8.00
 Plains 0.08 0.09 0.09
 Southeast 0.06 0.07 0.08
 Southwest 0.08 0.10 0.10
 Rocky Mountain 0.05 -0.01 0.09
 Far West 0.09 0.05 0.08

 Transportation
 Retail and
 trade warehousing Information

United States 0.04 0.01 0.01
 New England
 Connecticut 0.04 0.01 0.01
 Maine 0.04 0.02 0.00
 Massachusetts 0.03 0.01 0.01
 New Hampshire 0.07 0.01 0.01
 Rhode Island -0.25 0.01 0.00
 Vermont 0.05 0.01 0.00
 Mideast
 Delaware 0.04 0.01 0.01
 District of
 Columbia 0.00 -0.01 0.06
 Maryland 0.03 1.00 0.01
 New Jersey 0.04 -0.03 0.01
 New York 2.00 0.01 0.01
 Pennsylvania 0.03 0.02 0.01
 Great Lakes
 Illinois 0.03 0.02 0.00
 Indiana 0.02 0.01 0.00
 Michigan 0.01 0.00 0.01
 Ohio 0.03 0.02 0.00
 Wisconsin 0.04 0.02 0.01
 Plains
 Iowa 0.04 0.04 0.00
 Kansas 0.04 0.01 0.01
 Minnesota 0.04 0.01 0.00
 Missouri 0.04 0.02 0.01
 Nebraska 0.04 0.02 0.01
 North Dakota 0.07 0.03 0.01
 South Dakota 0.06 0.02 0.00
 Southeast
 Alabama 0.05 0.01 0.00
 Arkansas 0.03 3.00 0.01
 Florida 0.04 0.01 0.01
 Georgia 0.05 0.02 -0.14
 Kentucky 0.04 -0.13 0.01
 Louisiana 0.04 0.05 0.02
 Mississippi 0.04 0.03 0.01
 North Carolina 0.04 0.01 0.01
 South Carolina 0.04 0.01 0.01
 Tennessee 0.05 0.03 0.01
 Virginia 0.04 0.01 0.01
 West Virginia 0.02 -0.01 0.01
 Southwest
 Arizona 0.07 -0.06 0.01
 New Mexico 0.05 0.02 0.01
 Oklahoma 0.00 0.04 -0.05
 Texas 0.05 0.04 0.01
 Rocky Mountain
 Colorado 0.05 0.03 0.06
 Idaho 0.08 0.02 0.01
 Montana 0.07 0.01 0.00
 Utah 0.09 0.01 0.03
 Wyoming 0.03 0.04 0.00
 Far West
 Alaska 0.03 0.09 -0.01
 California 0.03 0.02 0.01
 Hawaii 0.09 0.00 -0.01
 Nevada 0.05 0.02 0.01
 Oregon 0.06 0.02 0.02
 Washington 0.08 0.01 0.27
BEA regions
 New England 0.02 0.01 0.01
 Mideast 0.03 0.01 0.01
 Great Lakes 0.03 0.01 0.00
 Plains 0.04 0.02 0.00
 Southeast 0.04 0.01 -0.01
 Southwest 0.05 0.02 1.00
 Rocky Mountain 0.06 0.02 0.04
 Far West 0.04 0.02 0.04

 Real Professional
 Finance estate and
 and and rental technical
 insurance and leasing services

United States -0.18 -0.11 0.19
 New England
 Connecticut -0.73 -0.06 0.17
 Maine -0.01 -0.01 0.12
 Massachusetts -0.30 -0.01 0.28
 New Hampshire 0.00 -0.02 0.17
 Rhode Island -0.01 0.00 -0.15
 Vermont -0.05 0.00 0.14
 Mideast
 Delaware -0.85 0.00 0.23
 District of
 Columbia 0.07 -0.04 1.06
 Maryland 0.01 0.01 0.25
 New Jersey -0.11 -0.01 0.21
 New York -1.78 0.01 0.24
 Pennsylvania 0.01 -0.01 0.18
 Great Lakes
 Illinois -0.18 -0.07 0.22
 Indiana 0.00 -0.01 0.10
 Michigan -0.01 -0.04 0.14
 Ohio 0.00 -0.01 0.14
 Wisconsin 0.00 0.00 0.11
 Plains
 Iowa 0.03 0.00 0.09
 Kansas 0.02 -0.01 0.15
 Minnesota 0.03 -0.01 0.17
 Missouri -0.12 0.00 0.16
 Nebraska 0.01 0.00 0.11
 North Dakota 0.04 0.00 0.11
 South Dakota 0.04 -0.03 0.08
 Southeast
 Alabama 0.00 -0.01 0.14
 Arkansas 0.01 -0.01 0.10
 Florida 0.02 0.00 0.17
 Georgia 0.01 -0.01 0.19
 Kentucky 0.01 0.00 0.11
 Louisiana -0.02 0.03 0.12
 Mississippi 0.01 0.00 0.11
 North Carolina 0.02 -0.01 0.15
 South Carolina 0.00 0.00 0.13
 Tennessee 0.00 -0.01 0.14
 Virginia 0.01 -0.01 0.34
 West Virginia 0.01 0.00 0.12
 Southwest
 Arizona -0.04 -0.01 0.19
 New Mexico 0.00 0.00 0.24
 Oklahoma 0.00 0.00 0.14
 Texas 0.01 0.00 0.24
 Rocky Mountain
 Colorado -0.01 -0.02 0.30
 Idaho 0.02 0.00 0.19
 Montana 0.00 -0.05 0.13
 Utah 0.06 0.01 0.25
 Wyoming 0.00 -0.01 0.11
 Far West
 Alaska 0.01 0.00 0.13
 California -0.02 -0.02 0.22
 Hawaii 0.03 0.01 0.10
 Nevada -0.03 0.00 0.13
 Oregon -0.01 0.01 0.14
 Washington 0.01 -0.01 0.17
BEA regions
 New England -0.35 -0.02 0.20
 Mideast -0.79 0.00 0.24
 Great Lakes -0.06 -0.31 0.16
 Plains -0.01 0.00 0.14
 Southeast 0.01 0.00 0.17
 Southwest 0.00 0.00 0.22
 Rocky Mountain 0.01 -0.01 0.25
 Far West -0.02 -0.01 0.20

 Management
 of companies Administrative
 and and waste Educational

 enterprises services services

United States 0.05 0.03 0.00
 New England
 Connecticut 0.08 0.03 0.00
 Maine 0.03 0.03 0.00
 Massachusetts 0.07 0.03 0.00
 New Hampshire 7.00 0.03 0.00
 Rhode Island 0.09 0.01 0.01
 Vermont 0.00 1.00 0.00
 Mideast
 Delaware 0.10 0.03 0.00
 District of
 Columbia -0.37 0.15 -0.02
 Maryland 0.03 0.03 0.00
 New Jersey 0.08 0.02 0.00
 New York 0.06 -0.01 0.01
 Pennsylvania 0.08 0.03 0.00
 Great Lakes
 Illinois 0.08 0.05 -0.01
 Indiana 0.04 0.01 -0.01
 Michigan 0.06 0.02 0.00
 Ohio 0.09 0.03 0.00
 Wisconsin 5.00 0.05 0.00
 Plains
 Iowa 0.04 0.02 0.00
 Kansas 0.03 0.04 0.00
 Minnesota 0.11 0.04 0.00
 Missouri 0.09 0.03 0.00
 Nebraska 0.08 0.02 0.01
 North Dakota 0.06 -0.01 0.00
 South Dakota 0.04 0.02 0.00
 Southeast
 Alabama 0.02 0.02 0.00
 Arkansas 0.08 0.02 0.00
 Florida 0.04 0.07 0.01
 Georgia -0.17 0.04 0.00
 Kentucky 0.04 0.03 0.00
 Louisiana 0.04 0.00 -0.02
 Mississippi 0.04 0.02 0.00
 North Carolina 0.07 0.04 0.00
 South Carolina 0.03 0.03 0.00
 Tennessee 0.03 0.05 0.00
 Virginia 0.09 0.04 0.01
 West Virginia 0.02 0.03 -0.0l
 Southwest
 Arizona -0.12 0.02 0.01
 New Mexico 0.02 0.06 0.00
 Oklahoma 0.03 0.01 0.01
 Texas 0.03 0.04 0.00
 Rocky Mountain
 Colorado 0.05 0.03 0.00
 Idaho 0.07 0.04 0.00
 Montana 0.01 0.02 0.00
 Utah 0.08 0.04 0.02
 Wyoming 0.01 0.00 0.00
 Far West
 Alaska 0.02 0.03 0.00
 California 0.04 0.03 0.00
 Hawaii 0.04 0.06 0.01
 Nevada 0.10 0.02 0.00
 Oregon 0.07 0.02 0.00
 Washington 0.05 0.03 -0.01
BEA regions
 New England 0.07 0.03 0.00
 Mideast 0.06 0.01 0.00
 Great Lakes 0.07 0.03 0.00
 Plains 0.08 0.03 0.00
 Southeast 0.02 0.04 0.00
 Southwest 0.01 0.04 0.00
 Rocky Mountain 0.05 0.03 0.00
 Far West 0.04 0.03 0.00

 Healthcare Arts, Accommodation
 and social entertainment and food
 assistance recreation services

United States 0.15 0.02 0.05
 New England
 Connecticut 0.14 0.02 3.00
 Maine 0.23 0.01 0.06
 Massachusetts 0.19 0.02 0.05
 New Hampshire 0.18 0.02 0.06
 Rhode Island 0.16 0.02 0.05
 Vermont 0.19 0.01 0.07
 Mideast
 Delaware 0.17 0.02 0.05
 District of
 Columbia 0.21 0.01 0.16
 Maryland 0.13 0.01 0.04
 New Jersey 0.14 0.01 0.04
 New York 0.13 0.04 0.03
 Pennsylvania 0.19 0.02 0.04
 Great Lakes
 Illinois 0.14 0.01 0.05
 Indiana 0.14 0.02 0.03
 Michigan 0.17 1.00 0.04
 Ohio 0.16 0.02 0.04
 Wisconsin 0.17 0.02 0.04
 Plains
 Iowa 0.14 0.01 0.05
 Kansas 0.13 0.00 0.04
 Minnesota 0.18 0.02 4.00
 Missouri 0.16 0.03 0.05
 Nebraska 0.16 0.01 0.03
 North Dakota 0.18 0.01 0.05
 South Dakota 0.21 0.01 0.06
 Southeast
 Alabama 0.13 0.00 0.04
 Arkansas 0.15 0.01 0.05
 Florida 0.16 0.05 0.08
 Georgia 0.13 0.01 0.06
 Kentucky 0.15 0.01 0.04
 Louisiana 0.16 -0.04 0.10
 Mississippi 0.12 1.00 0.04
 North Carolina 0.14 0.02 0.05
 South Carolina 0.13 0.01 0.07
 Tennessee 0.18 0.02 0.06
 Virginia 0.09 1.00 0.04
 West Virginia 0.10 0.02 0.03
 Southwest
 Arizona 0.16 0.03 0.06
 New Mexico 0.14 0.01 0.07
 Oklahoma 0.10 0.01 0.03
 Texas 0.14 0.00 0.07
 Rocky Mountain
 Colorado 0.12 0.03 0.06
 Idaho 0.14 0.01 0.04
 Montana 0.17 0.03 0.08
 Utah 0.14 0.02 0.07
 Wyoming 0.11 0.01 0.09
 Far West
 Alaska 0.18 0.01 0.09
 California 0.12 0.03 0.06
 Hawaii 0.16 0.02 0.23
 Nevada 0.14 0.02 0.22
 Oregon 0.16 0.00 0.06
 Washington 0.14 0.02 0.05
BEA regions
 New England 0.17 0.02 0.05
 Mideast 0.15 0.03 0.04
 Great Lakes 0.16 0.01 0.04
 Plains 0.16 0.02 0.04
 Southeast 0.14 0.02 0.07
 Southwest 0.14 0.01 0.07
 Rocky Mountain 0.13 0.02 0.06
 Far West 0.13 0.03 0.07

 Other
 services, Government
 except
 public Federal
 administration civilian

United States 0.03 0.01
 New England
 Connecticut 0.03 0.00
 Maine 0.03 0.01
 Massachusetts 0.03 0.01
 New Hampshire 0.04 0.00
 Rhode Island 0.03 0.02
 Vermont 0.03 0.00
 Mideast
 Delaware 0.04 0.02
 District of
 Columbia 0.34 0.15
 Maryland 0.03 0.01
 New Jersey 0.03 0.02
 New York 0.02 0.00
 Pennsylvania 0.03 0.02
 Great Lakes
 Illinois 0.03 0.00
 Indiana 0.03 0.01
 Michigan 0.02 0.01
 Ohio 0.03 0.01
 Wisconsin 0.04 0.00
 Plains
 Iowa 0.03 0.01
 Kansas 0.05 -0.02
 Minnesota 0.03 0.01
 Missouri 0.04 0.01
 Nebraska 4.00 0.00
 North Dakota 0.03 -0.02
 South Dakota 0.04 0.00
 Southeast
 Alabama 0.03 0.01
 Arkansas 0.03 0.00
 Florida 0.04 -0.01
 Georgia 0.04 0.02
 Kentucky 0.03 0.02
 Louisiana 0.01 0.00
 Mississippi 0.03 0.02
 North Carolina 0.04 0.03
 South Carolina 0.04 0.01
 Tennessee 0.04 0.00
 Virginia 0.05 0.00
 West Virginia 0.03 0.04
 Southwest
 Arizona 0.04 0.04
 New Mexico 0.04 0.03
 Oklahoma 0.09 0.01
 Texas 0.02 0.01
 Rocky Mountain
 Colorado 0.04 0.01
 Idaho 0.02 0.01
 Montana 0.03 0.06
 Utah 0.07 0.04
 Wyoming 0.05 0.00
 Far West
 Alaska 0.01 -0.02
 California 0.03 0.02
 Hawaii 0.05 -0.03
 Nevada 0.03 0.02
 Oregon 0.02 -0.01
 Washington 0.04 0.00
BEA regions
 New England 0.03 0.01
 Mideast 0.03 0.01
 Great Lakes 0.03 0.00
 Plains 0.04 0.00
 Southeast 0.04 0.01
 Southwest 0.03 0.01
 Rocky Mountain 0.05 0.02
 Far West 0.03 0.01

 Government

 State
 Military and local

United States 0.01 0.11
 New England
 Connecticut 0.00 0.09
 Maine 0.01 0.09
 Massachusetts 0.00 0.08
 New Hampshire 0.01 0.08
 Rhode Island 0.05 0.11
 Vermont -0.01 0.12
 Mideast
 Delaware 0.01 0.12
 District of
 Columbia 0.08 0.09
 Maryland -0.02 0.09
 New Jersey 0.00 0.09
 New York 0.00 0.06
 Pennsylvania -0.01 0.07
 Great Lakes
 Illinois 0.01 0.09
 Indiana -0.01 0.11
 Michigan -0.01 0.10
 Ohio 0.00 0.10
 Wisconsin 0.00 0.10
 Plains
 Iowa 0.00 0.13
 Kansas 0.22 0.10
 Minnesota 0.00 0.12
 Missouri -0.01 0.11
 Nebraska 0.00 0.10
 North Dakota -0.02 0.08
 South Dakota -0.01 0.09
 Southeast
 Alabama 0.01 0.12
 Arkansas 0.03 0.13
 Florida -0.01 0.10
 Georgia 0.05 0.12
 Kentucky 0.00 0.10
 Louisiana 0.03 0.10
 Mississippi 0.03 0.11
 North Carolina 0.04 0.14
 South Carolina 0.02 0.13
 Tennessee 0.00 0.10
 Virginia 0.04 0.12
 West Virginia 0.01 0.09
 Southwest
 Arizona 0.00 0.12
 New Mexico -0.03 0.11
 Oklahoma -0.04 0.17
 Texas 0.01 0.13
 Rocky Mountain
 Colorado 0.03 0.10
 Idaho 0.00 0.11
 Montana -0.01 0.15
 Utah 0.01 0.11
 Wyoming 0.00 0.11
 Far West
 Alaska -0.25 0.04
 California 0.01 0.14
 Hawaii 0.01 -0.03
 Nevada 1.00 0.18
 Oregon 0.00 0.14
 Washington 0.04 0.12
BEA regions
 New England 0.01 0.09
 Mideast 0.00 0.07
 Great Lakes 0.00 0.10
 Plains 0.03 0.11
 Southeast 0.02 0.11
 Southwest 0.00 0.13
 Rocky Mountain 0.02 0.11
 Far West 0.01 0.13

(1.) An industry's contribution to percent change in personal income
equals the dollar change in that industry's earnings divided by
personal income in the previous quarter times 100.

(2.) Earnings by place of work is the sum of wage and salary
disbursements (payrolls), supplements to wages and salaries, and
proprietors' income.

(3.) "Other" consists of the wage and salary disbursements to U.S.
residents employed by international organizations and foreign
embassies and consulates in the U.S.

State and National Estimates of Personal Income

[Billions of dollars]

 2004 2005 2006

Personal income in the NIPAs 9,727 10,301 10,983

Plus adjustments for:
 Coverage differences -14.2 -15.0 -15.5
 Federal workers abroad -21.1 -22.2 -22.7
 Wage and salary disbursements -13.8 -14.4 -14.6
 Supplements to wages and
 salaries (1) -7.8 -8.3 -8.7
 Dividends, interest, and
 rent (2) -0.9 -0.1 -0.9
 Less: Contributions for
 government social insurance -1.4 -1.5 -1.5
 Rest-of-the-world difference 6.9 7.2 7.2
 Wages of private foreign
 nationals in U.S. 7.2 7.6 7.9
 Wages of private U.S.
 nationals abroad -0.3 -0.4 -0.7
 Use of more current source data -1.7 -1.7 -1.1
 Wage and salary disbursements -0.3 -0.9 2.0
 Proprietors' income -1.9 -1.2 -3.5
 Personal current transfer
 receipts 0.5 0.4 0.4
Equals: State personal income 9,711 10,284.4 10,966.8

(1.) Consists of employer contributions for government social
insurance and for employee pension and insurance funds for Federal
workers stationed abroad.

(2.) Consists of the investment income received by Federal retirement
plans that is attributed to Federal workers stationed abroad.

Table B. Major New or Revised Source Data in State Personal Income and
Personal Current Taxes Since the March 2007 Release

 Annual estimates
Component of
personal income 2004 2005 2006

Wage and salary New CBP Revised QCEW wage New QCEW wage
disbursements estimates; data; new RRB data; new DOD
by industry revised USDA state payroll personnel and
 farm labor data; new CBP average pay
 expenses. estimates; new data; new
 Census of Coast Guard
 Governments data, payroll data;
 revised USDA farm new Official
 labor expenses. Catholic
 Directory
 data; revised
 Census Bureau
 population
 data; new BLS
 presumed-
 noncovered
 data; revised
 USDA farm
 labor
 expenses.

Employer Revised Census New Census Bureau New FRA data
contributions Bureau data on data on on casualties.
for employee contributions contributions to
pension and to state and state and local
insurance funds local government
by industry government retirement
 retirement systems; new NAIC
 systems. earned premium
 data.

Employer Revised QCEW data New QCEW data
contributions on contributions on
for government to unemployment contributions
social insurance insurance funds; to
by industry new Census Bureau unemployment
 data on state- insurance
 administered funds.
 workers'
 compensation
 programs.

Farm Revised USDA Revised USDA New USDA
proprietors' estimates of estimates of estimates of
income gross income gross income and gross income
 and expenses. expenses. and expenses.

Nonfarm New IRS data
proprietors' on net receipts
income by and profits of
industry proprietorships
 and
 partnerships.

Dividends, New IRS income
interest, and tax data on
rent dividends,
 taxable interest,
 S Corporation
 distributions,
 and gross rents
 and royalties;
 new ACS data on
 the aggregate
 value of
 dwellings and
 mobile homes;
 revised Census
 Bureau population
 data, revised
 data on gross
 rental value of
 farm dwellings.

Personal current New Census Bureau New CMS and
transfer state and local DOD data on
receipts government medical
 finance data on benefits; new
 disability DVA data on
 benefits, income veterans
 maintenance benefits; new
 benefits and HHS data on
 education family
 benefits; new assistance;
 PBGC data on new USDA data
 Pension Benefit on food
 Guaranty stamps; and
 benefits; new IRS new IRS data
 data on on Refundable
 Refundable Earned Earned Income
 Income Tax Tax Credits.
 Credits; and new
 SSA data on
 Social Security
 benefits and
 Supplemental
 Security Income
 benefits.

Employee and New SSA data on New CMS New data on
self-employed OASDHI supplemental personal
contributions contributions medical insurance contributions
for government from self- enrollment data; for state
social insurance employed new Census Bureau unemployment
 workers; new data on state insurance.
 CMS temporary
 supplemental disability
 medical insurance; new
 insurance RRB contributions
 enrollment data.
 data.

Personal current Revised Census New IRS income New Census
taxes Bureau data on tax data; revised Bureau data on
 quarterly tax Census Bureau quarterly tax
 collections and data on quarterly collections
 state tax tax collections and state tax
 collections; and state tax collections;
 new Census collections; new new tax
 Bureau data on Census Bureau collection
 local tax data on local tax data from the
 collections; collections; new states.
 new tax tax collection
 collection data data from the
 from the states.
 states.

 Quarterly estimates
Component of
personal income 2007:1 2007:11

Wage and salary New QCEW wage data; New CES employment data
disbursements revised DOD personnel and for April, May, and
by industry average pay data; revised June; new DOD personnel
 Coast Guard payroll data; and average pay data,
 revised CES data for new Coast Guard payroll
 March; revised Department data; new Department of
 of Transportation payroll Transportation payroll
 data. data.

Employer
contributions
for employee
pension and
insurance funds
by industry

Employer
contributions
for government
social insurance
by industry

Farm Revised USDA estimates of New USDA estimates of
proprietors' farm cash receipts for farm cash receipts for
income January and February, April and May 2007;
 2007, new estimates for revised USDA U.S. level
 March 2007; revised USDA farm income forecast.
 U.S. level farm income
 forecast.

Nonfarm
proprietors'
income by
industry

Dividends,
interest, and
rent

Personal current Revised Department of New Department of Labor
transfer Labor unemployment unemployment benefits
receipts benefits data. data.

Employee and
self-employed
contributions
for government
social insurance

Personal current
taxes

ACS American Community Survey, Census Bureau

CBP County Business Patterns, Census Bureau

CES Current Employment Statistics survey Bureau of Labor Statistics

CMS Centers for Medicare and Medicaid Services

DOD Department of Defense

OVA Department of Veterans Affairs

PRA Federal Railroad Administration

HHS Health and Human Services

IRS Internal Revenue Service

NAIC National Association of Insurance Commissioners

PBGC Pension Benefit Guaranty Corporation

QCEW Quarterly Census of Employment and Wages, Bureau of Labor
Statistics

RRB Railroad Retirement Board

SSA Social Security Administration

USDA U.S. Department of Agriculture

Table C. Revisions to Personal Income by State, 2004-2006 and 2007:1

 Percent revision

 Annual Quarterly

 2004 2005 2006 2007:1

United States -0.1 0.6 1.0 1.3
 New England
 Connecticut 0.4 0.7 1.9 2.6
 Maine 0.7 0.1 -1.3 -0.5
 Massachusetts -0.4 0.2 0.8 0.7
 New Hampshire -0.2 -0.8 0.9 0.1
 Rhode Island 0.4 1.2 -0.3 0.0
 Vermont 1.2 -0.2 1.0 16.0

 Mideast
 Delaware -0.1 0.0 -0.1 3.8
 District of Columbia 0.3 1.5 2.9 3.6
 Maryland -0.3 -0.9 -0.7 -0.9
 New Jersey -0.4 -1.2 0.0 0.2
 New York -0.3 2.4 3.7 4.1
 Pennsylvania 0.1 -0.4 0.0 0.1

 Great Lakes
 Illinois 0.7 0.3 0.2 -0.4
 Indiana -0.7 -0.9 -0.9 0.1
 Michigan -0.5 -0.3 -0.2 0.6
 Ohio -0.3 0.0 -0.4 0.8
 Wisconsin -1.0 -1.1 -0.6 -0.5

 Plains
 Iowa -0.8 -0.6 -0.7 0.5
 Kansas -1.1 -0.6 0.0 0.2
 Minnesota -0.2 -0.3 0.1 1.3
 Missouri 0.5 0.5 0.3 0.0
 Nebraska -0.6 -0.3 0.0 0.6
 North Dakota 0.9 2.2 1.5 3.4
 South Dakota -0.7 -2.2 -4.5 -2.2

 Southeast
 Alabama -0.3 -1.2 -1.4 -1.5
 Arkansas -0.2 1.0 1.8 2.7
 Florida 0.0 2.1 2.4 2.4
 Georgia 0.0 0.6 0.4 1.5
 Kentucky -0.2 0.3 1.2 1.3
 Louisiana 0.4 0.5 1.3 1.2
 Mississippi 0.5 1.6 1.4 2.2
 North Carolina -4.0 -0.8 0.3 0.7
 South Carolina -0.3 0.5 0.6 0.6
 Tennessee 0.2 0.1 0.0 -0.8
 Virginia 0.4 1.3 1.0 1.9
 West Virginia -0.2 0.1 0.6 0.5

 Southwest
 Arizona 0.5 1.2 1.6 2.2
 New Mexico -1.8 0.5 0.2 1.2
 Oklahoma 0.1 4.0 0.6 1.2
 Texas 0.7 2.2 2.3 2.8

 Rocky Mountain
 Colorado -0.5 0.5 1.0 1.0
 Idaho -0.3 -0.7 0.0 0.5
 Montana 0.1 0.7 0.6 1.7
 Utah 0.2 3.1 2.3 2.7
 Wyoming 0.2 -0.4 -0.3 -0.8

 Far West
 Alaska 0.9 3.0 3.6 2.8
 California -0.2 0.9 1.0 0.9
 Hawaii -1.0 1.0 1.5 2.0
 Nevada 1.2 4.7 5.2 5.2
 Oregon -1.4 -2.4 -1.2 -1.5
 Washington 0.7 0.7 1.7 2.1

Average revision 0.0 0.4 0.7 1.1
Average absolute revision 0.5 1.0 1.2 1.5
Standard deviation of revision 0.6 1.3 1.5 1.5

Note. The annual revisions are computed from the March 2007 release
and the quarterly revisions are computed from the June 2007 release.
COPYRIGHT 2007 U.S. Government Printing Office
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

 
Article Details
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Title Annotation:Part 1
Author:Lenze, David G.
Publication:Survey of Current Business
Article Type:Statistical data
Geographic Code:1USA
Date:Oct 1, 2007
Words:9431
Previous Article:U.S. International transactions: second quarter of 2007.
Next Article:Table 5. Personal income by major source and earnings by industry, 2005:IV-2007:II (1).
Topics:


Related Articles
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State personal income: second quarter of 2006 and revised estimates for 2003-2006:1.
Table layouts for annual revisions available.
Disposition of personal income.
Appendixes.
National income and product accounts tables.
Disposition of personal income.
Disposition of personal income.
Regional quarterly report.
Disposition of personal income.

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