R.I. personal income increases at 1.7% annualized rate in Q1

PERSONAL INCOME paid in Rhode Island grew at one of the slowest rates in the nation in the first quarter. / COURTESY BUREAU OF ECONOMIC ANALYSIS
PERSONAL INCOME paid in Rhode Island grew at one of the slowest rates in the nation in the first quarter. / COURTESY BUREAU OF ECONOMIC ANALYSIS
PROVIDENCE – Personal income in Rhode Island increased at a seasonally-adjusted, annualized rate of 1.7% in the first quarter of 2019 over the fourth quarter of 2018, the fifth-slowest growth in the nation, according to the U.S. Bureau of Economic Analysis Tuesday. Nationally, personal income increased at a 3.4% annualized rate while New England personal…

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