Tennessee personal income rising

State personal income increased in all but two states and inflation declined in the first quarter, according to estimates released today by the U.S. Bureau of Economic Analysis.

The national average increase in earnings was 0.9 percent. Inflation fell to 0.4 percent from 0.6 percent in the fourth quarter of 2009.

Tennessee posted better 1Q results than most states with personal income rising 1.4 percent, up from from 0.8 percent in the prior quarter.

All in all, a pretty good report. However, there are some numbers that give us pause.

Breaking down earnings by industry, BEA reports that construction and real estate earnings were down again.

On the positive side, healthcare provided the biggest boost to earnings. A 3.4 percent pay raise for the military and a 2 percent increase for federal civilian workers also helped.

Read the full BEA report here.

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