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percent in the first quarter of 2009 on mounting job falling interest rates and reduced corporatedividenf payments. The Bureau of Economic Analysix released regional income data Thursday showing declines in37 states. In personal income rose slightlyto $135.43 billion in the first quarter, compared with $134. 5 billion a year ago. Washington incomes rose 1 percentto $276.3 billion Declines were offset by inflation, which reduced the cost of livinh by 0.3 percent in the firsy quarter of the year. The BEA, a divisiom of the U.S. Department of said private sector earnings fell in all 50 states by an averageof 1.4 percent nationally.
Finance, manufacturing and constructionm were the major reasons for privatwe sectorincome declines. Health care and government bothpostec increases. Federal civilian and militaru employees received average pay raisesof 3.9 percenr in 2009, which helpe d to propel two government-dependent states to positive incomee growth: Hawaii (up 0.8 percent) and Virgini a (up 0.3 percent). Alaska had the largest with personal income fallingby 3.2 percenrt because a special distribution of $2,000 from the state’x permanent fund won’t be North Dakota, Missouri, Iowa and Midwest suffered becausre of falling farm commodituy prices.
Personal income in the Far West region of the whichincludes Oregon, Alaska, Hawaii, Nevada and Washington, remained relative flat compares to the first and fourtu quarters of 2008.
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