Arizona state personal income decreases 8.6%

26December 2020

Arizona state personal income decreased at an annual rate of 8.6 percent between the second quarter and third quarter 2020. Nationally state personal income decreased 10.0 for the quarter according to the December 17 Bureau of Economic Analysis release. Personal income decreased in every state, ranging from -0.6 percent in Georgia down to -29.9 percent in West Virginia. Decreases in transfer receipts (such as retirement benefits and unemployment insurance) and property income (dividends, interest and rent) were!

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