Thursday, April 26, 2007
Tweet[IWS] BEA: Local Area Personal Income, 2005 [26 April 2007]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Local Area Personal Income, 2005 [26 April 2007]
http://www.bea.gov/newsreleases/regional/lapi/lapi_newsrelease.htm
or
http://www.bea.gov/newsreleases/regional/lapi/2007/pdf/lapi0407.pdf
[full-text, 6 pages]
and
http://www.bea.gov/newsreleases/regional/lapi/2007/xls/lapi0407.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/newsreleases/regional/lapi/2007/pdf/lapi0407_fax.pdf
Today, the Bureau of Economic Analysis (BEA) released estimates of personal income at the county level for 2005 based on newly available source data. Personal income is a comprehensive measure of the income of all persons from all sources. In addition to wages and salaries it includes employer-provided health insurance, dividends and interest income, social security benefits, and other types of income. /1
The growth in county personal income for 2005 ranged from 34 percent in Cheyenne County, Kansas to -80 percent in St. Bernard Parish, Louisiana. For the Nation, personal income grew 5.2 percent. Farming was the largest contributor to growth in the 10 fastest growing counties-all in Kansas and North Dakota. The five largest declines in county personal income-all in Louisiana-were due to the destruction of housing and businesses from wind, storm surge, and floods caused by Hurricane Katrina.
Per capita personal income (personal income divided by population) ranged from $93,377 in New York County, New York to $5,148 in St. Bernard Parish, Louisiana.
The county estimates released today complete the increasingly detailed series of data releases depicting the geographic distribution of the nation's personal income for 2005. National estimates typically are released one month after the end of the year, state estimates are released two months later, and metropolitan area estimates for 2005 were released last September.
Personal income and its components are available for 3,111 counties from 1969 to 2005. In addition, detailed annual estimates of earnings and employment by industry, personal current transfer receipts, and farm gross income and expenses by major category for each county are available. A partial sample of the data available is presented in the attached table for Los Angeles County, California. These estimates are the only detailed, broadly inclusive, annual measure of economic activity available for local areas. Go to < http://www.bea.gov/regional/reis/> to access these estimates.
A computer-generated narrative describing county, MSA, and state personal income using current estimates, growth rates, and a breakdown of the sources of personal income is available at < http://www.bea.gov/regional/bearfacts/> .
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Local Area Personal Income, 2005 [26 April 2007]
http://www.bea.gov/newsreleases/regional/lapi/lapi_newsrelease.htm
or
http://www.bea.gov/newsreleases/regional/lapi/2007/pdf/lapi0407.pdf
[full-text, 6 pages]
and
http://www.bea.gov/newsreleases/regional/lapi/2007/xls/lapi0407.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/newsreleases/regional/lapi/2007/pdf/lapi0407_fax.pdf
Today, the Bureau of Economic Analysis (BEA) released estimates of personal income at the county level for 2005 based on newly available source data. Personal income is a comprehensive measure of the income of all persons from all sources. In addition to wages and salaries it includes employer-provided health insurance, dividends and interest income, social security benefits, and other types of income. /1
The growth in county personal income for 2005 ranged from 34 percent in Cheyenne County, Kansas to -80 percent in St. Bernard Parish, Louisiana. For the Nation, personal income grew 5.2 percent. Farming was the largest contributor to growth in the 10 fastest growing counties-all in Kansas and North Dakota. The five largest declines in county personal income-all in Louisiana-were due to the destruction of housing and businesses from wind, storm surge, and floods caused by Hurricane Katrina.
Per capita personal income (personal income divided by population) ranged from $93,377 in New York County, New York to $5,148 in St. Bernard Parish, Louisiana.
The county estimates released today complete the increasingly detailed series of data releases depicting the geographic distribution of the nation's personal income for 2005. National estimates typically are released one month after the end of the year, state estimates are released two months later, and metropolitan area estimates for 2005 were released last September.
Personal income and its components are available for 3,111 counties from 1969 to 2005. In addition, detailed annual estimates of earnings and employment by industry, personal current transfer receipts, and farm gross income and expenses by major category for each county are available. A partial sample of the data available is presented in the attached table for Los Angeles County, California. These estimates are the only detailed, broadly inclusive, annual measure of economic activity available for local areas. Go to < http://www.bea.gov/regional/reis/> to access these estimates.
A computer-generated narrative describing county, MSA, and state personal income using current estimates, growth rates, and a breakdown of the sources of personal income is available at < http://www.bea.gov/regional/bearfacts/> .
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 12:09 PM
