California Income Rose 2.5% in 2010

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Californias’ incomes rose 2.5 percent in 2010, a year after the state’s first year-to-year decline in personal income since World War II, the federal Bureau of Economic Analysis reported Wednesday. The bureau said 2010 income statewide was more than $1.6 trillion, up from 2009’s $1.56 trillion and a return to 2008 levels. In dollars, that penciled out to a rise of nearly $38.8 billion over 2009. While any growth is welcome,
California’s recovery continues to lag the nation’s.


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