Personal-income growth in Colorado downshifted in the second quarter, according to a report Thursday from the U.S. Bureau of Economic Analysis.
Personal income in the state rose 1.1 percent between the first and second quarters, from $221.8 million to $224.3 million.
That was below the 1.8 percent pace between the fourth and first quarters, but on par with the U.S. growth rate. Colorado ranked 33rd among all states for its personal-income growth.
Personal income is a closely watched measure of the “buying” power of consumers, who account for about 70 percent of economic activity.
Income from dividends, interest and rents rose 1.8 percent in the quarter, while income from earnings, which includes wages and business income, rose 0.9 percent.
Transfer receipts or government payments like Social Security and unemployment insurance rose 1 percent.
Mining, professional and business services and retail and wholesale trade provided the biggest dollar gains in income during the quarter.
Construction, farming and federal government wages fell in Colorado during the same period.
Colorado’s per-capita personal income was $42,226 in 2010, the 14th-highest among states. Back in 2008, Colorado had the 10th-highest per- capita income at $44,164.
Aldo Svaldi: 303-954-1410, asvaldi@denverpost.com or
