- Associated Press - Friday, April 25, 2014

PORTLAND, Maine (AP) - The federal government reports that Maine’s rate of growth in real personal income from 2011 to 2012 was the second lowest in the United States.

The Portland Press Herald (https://bit.ly/RSIAWP ) reported on Friday that Maine showed a 0.3 percent rate of growth in that time span, to $38,516. The U.S. Bureau of Economic Analysis reports that the figure is the lowest among 49 states that experienced growth in real personal income from 2011 to 2012. South Dakota was the only state to decline.

Policy analyst Joel Johnson of the Maine Center for Economic Policy told the Press Herald that a surge in cost of living contributed to Maine’s low rate of growth. He told the paper that housing and fuel were key areas where prices sharply rose.


Information from: Portland Press Herald, https://www.pressherald.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide