PROVIDENCE – Personal income increased at a 4.6% annualized rate from the first quarter 2019 to the second quarter 2019, according to the Bureau of Economic Analysis Tuesday.
In that time, New England personal income increased at a 4.3% annualized rate and United States personal income increased at a 5.4% annualized rate.
The increase in Rhode Island was largely attributed to an increase in the sum of wages and salaries.
The industry with the largest share of growth for personal income in Rhode Island was the finance and insurance sector.
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New England annualized personal income increases from the first quarter to the second quarter:
- Vermont: 5%
- Maine: 4.9%
- Connecticut: 4.8%
- Rhode Island 4.6%
- New Hampshire: 4.4%
- Massachusetts: 3.8%
