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Income growth slows in Florida
By DAVE GUSSOW Florida's per-capita income grew by 2.3 percent in 2001, down from 5 percent growth the previous year, according to revised estimates released Monday by the U.S. Bureau of Economic Analysis. In addition, Floridians continued to lag behind the national average. The average per-capital income -- total income divided by the population -- rose to $28,947, short of the national average of $30,472. Nationally, personal income also slowed with the economy, with the government reporting only a 2.4 percent growth rate for last year, down from 6.8 percent in 2000. The national numbers were affected by slowdowns in high-tech and service sectors, the bureau said, particularly in Great Lakes and West Coast states. Connecticut had the highest per-capita income ($42,435), followed by Massachusetts ($38,907) and New Jersey ($38,509). Mississippi had the lowest per-capita income ($21,750), followed by West Virginia ($22,881) and Arkansas ($22,887).
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From the Times Business report
From the AP
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