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Personal income declined

Dan Crawford | August 9, 2010 6:05 pm

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.

Tags: personal income Comments (4) | Digg Facebook Twitter |
4 Comments
  • Rdan says:
    August 9, 2010 at 6:36 pm

    Boston/Cambridge MSA fell 1.7% last year.

  • buffpilot says:
    August 10, 2010 at 11:35 am

    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

  • Don Levit says:
    August 10, 2010 at 1:06 pm

    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

  • Nancy Ortiz says:
    August 10, 2010 at 3:27 pm

    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

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