Economics
Every State in U.S. Saw Personal Incomes Drop in Third Quarter
- West Virginia, Kentucky and Oklahoma suffered steepest slumps
- Incomes fell just 0.6% in Georgia, where Senate control rests
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Every U.S. state saw personal income drop in the third quarter as stimulus wound down, underscoring the need for fresh aid as Congress moves closer to a deal.
West Virginia led declines, contracting 30% at an annual rate, as Michigan, Kentucky and Oklahoma all registered drops exceeding 20%, Commerce Department data showed Thursday.