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Pay survey shows Michigan remains in the loser's column for personal income [View All]

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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-26-09 12:58 PM
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Pay survey shows Michigan remains in the loser's column for personal income
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Source: Grand Rapids Press

Pay survey shows Michigan remains in the loser's column for personal income
by Julia Bauer | The Grand Rapids Press
Wednesday March 25, 2009, 9:00 PM

GRAND RAPIDS -- Incomes are down, unemployment payments are up, and a struggling economy kept Michigan in the loser's column in a survey of fourth-quarter 2008 pay nationwide.

"Net earnings fell almost 1 percentage point. That's basically the income of workers," economist David Lense said of Michigan's results. "That's much larger than the decline for the U.S., which was 0.25 percentage point."

The losses were nearly across the board, he said.

The U.S. Bureau of Economic Analysis crunched the data for the quarterly analysis released Tuesday.

Read more: http://www.mlive.com/business/west-michigan/index.ssf/2...
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