Personal income in the state grew 4.2 percent from 2007 to 2008, according to the U.S. Bureau of Economic Analysis.All states felt the slowdown from 2007 to 2008 when the U.S. personal income growth fell from 6 percent to 3.9 percent — the slowest since 2003.Inflation rose to 3.3 percent in 2008 — up from 2.6 percent in 2007.Louisiana’s average income per person increased to $36,271, while the national average increased to $39,751.—-Contact Leslie Presnall at [email protected]
Louisiana’s personal income grows 4.2 percent – 1:50 p.m.
March 23, 2009
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