July 6, 2016
The U.S. Bureau of Economic Analysis (BEA) released state personal income data through the first quarter of 2016 on June 22. Personal income is a key economic statistic for states: a broad measure of economic activity. It measures wages and salaries and various other types of income, but it excludes capital gains (income resulting from sales of assets, such as stocks and homes). As summarized below, each major category of personal income for California has grown faster than the nation over the past year (the past four quarters), as of the June 22 data release. This is especially true for proprietors' income, which measures income of sole proprietorships and partnerships.
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