Ohio income growth slows with nation - Dayton Business Journal:

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The bureau’s report on personal incom growth, defined as before-tax income received from all including interest andrental income, showzs Ohio’s growth slowed to 3 percent in 2008 from 4.4 percenrt in 2007. That puts per-capita personal incomes last year in the stateat $35,511, up from $34,468 in 2007. The growtgh rate nationally last year fell a fractionb of a percentage pointbehind Ohio, at 2.9 percent comparex with 4.9 percent in 2007. That equates to per-capita incomee nationally of $39,751, up from $38,615 in 2007. Just two yearsx ago, the nation’s per-capita income growth rate toppesd6 percent, compared with 4.2 percentr in Ohio, according to bureau data.
Across state s last year, per-capita personal income growth rates rangedd from a lowof 0.4 percent in Arizona to 9 percengt in North Dakota. Oil-producing statexs such as Alaska, Wyoming, Oklahoma and Texas cashed in from the rise in oil which peaked in the first halfof 2008. But the recession’ effect on the cyclical manufacturing and constructionh sectors along with the retail tradeas made their markon fourth-quarter income which dropped 0.2 percent aftefr a 0.3 percent third-quarter gain.
That was the first declins the bureau has registered since the firsy quarterof 1994, the bureau