Hawaii personal income increases in second quarter - Hawaii News Now - KGMB and KHNL

Hawaii personal income increases in second quarter

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HONOLULU (AP) - The U.S. Bureau of Economic Analysis says Hawaii residents made more money in the second quarter of 2013.

The bureau says personal income in the state grew by 1.1 percent after declining by .9 percent in the first quarter. Personal income nationally increased 1 percent.

The Honolulu Star-Advertiser reports Hawaii's increase was the 11th largest in the nation.

Income from dividends, interest and rent grew by 2.5 percent.

The bureau says transfer receipts, which includes government payments such as Medicare and food stamps, rose by 1.2 percent.

Wages and salaries increased by .8 percent.

The figures are not adjusted for inflation.

The bureau says personal income declined in the first quarter in part because of a 2 percent increase in payroll taxes that took effect Jan. 1.

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