Personal Income In W.Va. Rises In 2009

By: Associated Press
By: Associated Press

Charleston, W.Va. (AP) -- Personal income is up in West Virginia, but a researcher says some of the growth is due to social security, unemployment benefits and other transfer payments.

The U.S. Bureau of Economic analysis says personal income in West Virginia rose by 2.13 percent in 2009, from $57.4 million to $58.6 million.

That's the largest gain in the nation.

George Hammond with West Virginia University's Bureau of Business and Economic Research says about 25 percent of personal income in the state comes from transfer payments.

The federal agency says West Virginia's per capita personal income increased by 1.8 percent to $32,219, also the largest gain in the nation.

Despite the increase, the state's per capita personal income was ranked 44th.

(Copyright 2010 by the Associated Press. All rights reserved.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
TheNewsCenter One Television Plaza Parkersburg, WV. 26101 304-485-4588
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 89462182 -
Gray Television, Inc.