Personal Income Gains Slow in California
From Bloomberg News
Californians’ personal income rose 1% in the third quarter of 2002, the Bureau of Economic Analysis said.
That was a smaller increase than the 1.5% recorded in the second quarter and reflected the slowest increase in personal income nationally since the final quarter of 2001, when the U.S. economy lost about 1 million jobs in the aftermath of the Sept. 11 terrorist attacks.
Personal income rose 0.9% nationally in the third quarter after gaining 1.2% in the three months from April to June.
