ECONOMY

Income growth in South Florida lags nation

 

The recovery moves more slowly in South Florida, with income growth lagging the national average.

Figures on 2012 income released Thursday hshowSouth Florida’s economy recovering, but at a pace that’s slower than it is in other metropolitan areas. Personal income increased 2.6 percent between 2011 and 2012, compared to 3.3 percent for the average metropolitan area, according to the federal Bureau of Economic Analysis.

The average person in South Florida, a region that includes Palm Beach County, earned $44,222 in 2012, compared to $43,106 in 2011. The figures include earnings from work, benefits and investments.

DOUGLAS HANKS

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