03/25/2010
Personal income in Texas fell, but not hard
The department's Bureau of Economic Analysis said personal income in Texas slipped by 1.6 percent primarily because property income, which includes dividends and interest, dropped by 9.2 percent.
Net earnings by Texas workers fell by 2.5 percent during the year but they were counterbalanced by a nearly 11 percent rise in transfer receipts, which includes government payments and insurance settlements.
Officials said the declines in each state typically reflected the problems associated with the dominant industries there. Nevada, which experienced the biggest drop-off at 4.8 percent, sustained big losses in the construction sector and the accommodations industry, which includes casinos.
Construction, durable goods manufacturing and mining, which includes oil and gas drilling, were the sectors with the biggest reductions in Texas.
Personal income in Texas totaled almost $909 billion in the fourth quarter last year. That was the third highest total in the nation behind California and New York, the bureau said.
On a per capita basis, however, it reached $36,484, ranking Texas 29th nationally.
http://www.mysanantonio.com/business/local/Personal_income_in_Texas_fell_but_not_hard.html
:o
Please , please , please pass this to everyone from California, Arizona , and every generic nipple sucking citizen from north of the Red River.
Texas sucks. Don't move here. Our women are fat, our men are violent and lazy and most importantly. ....... Business is terrible. Especially when compared to all the other sophisticated, generous and smarter places you could move to.