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Farm, construction income push quarterly income gains in Oklahoma

Personal income in Oklahoma grew faster than the national average in the third quarter, the federal Bureau of Economic Analysis said Wednesday.
by Paul Monies Published: December 20, 2012
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“Mining earnings (including oil and gas earnings) fell in most states, including major energy producers such as Texas, Oklahoma, Louisiana, Wyoming, Alaska and West Virginia,” the report said. “North Dakota, however, continued to expand and mining earnings grew 1.6 percent in that state in the third quarter.”

Oklahoma's personal income was $143.8 billion in the third quarter of 2011, the bureau said. It grew at a quarterly rate of 1 percent in the fourth quarter of 2011 and the first quarter of 2012 before slowing to 0.7 percent growth in the second quarter of 2012.

The bureau calculates personal income by including income from all sources. It includes wages, rental payments, interest, dividends and government transfers such as Social Security and unemployment compensation.

by Paul Monies
Energy Reporter
Paul Monies is an energy reporter for The Oklahoman. He has worked at newspapers in Texas and Missouri and most recently was a data journalist for USA Today in the Washington D.C. area. Monies also spent nine years as a business reporter and...
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