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Map of U.S. indicating percent change of personal income.

BEA: Personal Income Growth for Metropolitan Areas Slows in 2008 Over 2007

Washington (Aug. 6)—Personal income growth slowed in 2008 in most of the nation's metropolitan statistical areas (MSAs), according to estimates released today by the Department of Commerce’s U.S. Bureau of Economic Analysis (BEA). Personal income growth slowed in 322 MSAs, increased in 42, and remained unchanged in 2 MSAs. On average, MSA personal income grew 3.3 percent in 2008, down from 6.0 percent in 2007. Advance metropolitan area income estimates for 2008 are available interactively on BEA's Web site at www.bea.gov/regional/reis/ and select table AMSA. (More)

NOAA Lowers Hurricane Season Outlook, Cautions Public Not to Let Down Guard

Washington (Aug. 6)—According to its August Atlantic hurricane season outlook, Commerce’s National Oceanic and Atmospheric Administration (NOAA) now expects a near- to below-normal Atlantic hurricane season, as the calming effects of El Niño continue to develop. But scientists say the season’s quiet start does not guarantee quiet times ahead. The season, which began June 1, is entering its historical peak period of August through October, when most storms form. “While this hurricane season has gotten off to a quiet start, it’s critical that the American people are prepared in case a hurricane strikes,” said Commerce Secretary Gary Locke. (More) (Animation of El Niño in Pacific)

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Commerce Secretary Locke Visits Kansas City to Announce $45 Million in Grants

Kansas City, Mo. (Aug. 5)—U.S. Commerce Secretary Gary Locke announced three grants to accelerate the manufacturing and deployment of the next generation of U.S. batteries and electric vehicles in America. Ten million dollars will go to Smith Electric; $30 million to Ford Motor Company; and $5 million to Missouri University of Science and Technology. These grants are part of 48 new advanced battery and electric drive projects President Obama announced today that will receive $2.4 billion under the American Recovery and Reinvestment Act (ARRA) and create tens of thousands of new jobs. (More) (Grants Announcement) (President’s Remarks)
Last Updated:
August 6, 2009
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