Regional Perspectives

In the Rocky Mountain region, a marked strengthening in manufacturing and mining payrolls led to an acceleration in the growth of the region's total personal income that began in the 2nd quarter of 1988. In contrast with the expanding growth in the Rocky Mountain region, growth in New England has been decelerating since early 1988, reflecting slowdowns in the growth of payrolls in construction and private service-type industries. In the Plains region, total personal income increased 9.2% from the 3rd quarter of 1988 to the 3rd quarter of 1989. In the Far West, above-average growth in total personal income reflected strength in payrolls in manufacturing, private service-type industries, and construction. In the Great Lakes region, total personal income increased 8.1% from the 3rd quarter of 1988 to the 3rd quarter of 1989. During that same period, personal income grew 8.4% in the Mideast region, 8.2% in the Southwest, and 8.3% in the Southeast.