There’s another distressing number about our local economy: Per capita income in metro Atlanta last year fell nearly three times as much as the U.S. average, AJC staffer Michael Kanell reports.
Government data released Monday shows income falling in most American metro areas in 2009, with Atlanta down 4.8 percent, Kanell writes.
Nationally, personal income slid 1.8 percent in 2009, according to the report by the Bureau of Economic Analysis.
Personal income includes earnings of various kinds, including paychecks, rental income, dividends and interest, as well as payments from the government. So the loss of jobs alone often does not push an area’s income down.
But in 2009, Atlanta was losing on a range of fronts, from jobs to stock holdings to home values, Kanell reports.
The area lost 133,808 jobs during 2009, while the unemployment rate surged from 7.6 percent to 10.1 percent, according to the U.S. Bureau of Labor Statistics.
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