Connecticut residents’ personal incomes rose just 0.6 percent in the first quarter, slightly below the national average and the lowest in New England, the federal government said Friday.
U.S. Bureau of Economic Analysis released data showing total personal income for Connecticut in the quarter was about $193 billion, barely an increase from the fourth quarter of 2009 when personal income totaled about $192 billion.
Connecticut ranked among the bottom 10 states for overall personal income growth in the quarter, and had the lowest gain of all the New England states.
Only Montana, Colorado, Arkansas, Illinois, South Dakota, and North Dakota feared worse than Connecticut in overall growth, data shows.
Nationwide state personal income growth averaged a 0.9 percent growth in the first quarter of 2010, totaling $12.2 trillion. Personal income increased in all but two states with growth ranging from 1.6 percent in Mississippi to minus 2 percent in North Dakota.
Inflation, as measured by the national price index for personal consumption expenditures, declined to 0.4 percent in the first quarter from 0.6 percent in the fourth quarter.
