Personal income declined
Hat tip Calculated Risk:
•From the BEA:Personal Income for Metropolitan Areas, 2009
Personal income declined in 2009 in most of the nation’s metropolitan statistical areas (MSAs), according to estimates released today by the U.S. Bureau of Economic Analysis.
The per capita income in my MSA fell 3.8% last year.
Boston/Cambridge MSA fell 1.7% last year.
Rdan,
Some important points from tha article:
“In most of the 57 MSAs where net earnings increased, the gains were concentrated in the
government sector. Military earnings growth was particularly strong in seven of the ten MSAs
Among the 52 MSAs with a population of one million or more, only three
had an increase in both net earnings and personal income in 2009 (Washington, D.C.; San
Antonio, Texas; and Virginia Beach, Virginia). The biggest gains in compensation in these three MSAs were in the federal government (civilian and military combined).”
Big Government still growing, private sector – which pays for Big Government – not so much….
Islam will change
buffpilot:
I am glad you posted those statistics.
On the cover of USA Today, are thse figures:
Average Compensation in 2009 from the Bureau of Economic Analysis
Federal civilian – Salary – $81,258 Benefits – $41,791 Total $123,049
State and local government Salary – $53,056 Benefits – $16,857 Total – $69,913
Private Salary – $50,462 Benefits – $10,589 Total $61,051.
Don Levit
Mr. Levit–Please take a look at this link which shows the federal grade and pay scale for all civilian employees. The rest of the Office of Personnel (OPM) website contains more information regarding pay and benefits for federal employees. However, please note that the OPM chart in the link shows the salary of a GS-9, for example, in steps, each step representing at least one year of service. The a pay step of 10 represents a minimum of 20 years of service. The the majority of federal employees are GS-9 or lower, based on the last numbers I saw. So, I suggest the USA Today numbers came out of their own or someone else’s hat. Or whatever. Nancy Ortiz
http://www.opm.gov/oca/10tables/html/gs.asp