Personal income growth slowed in 2007 in most of the nation's metropolitan statistical areas (MSAs), according to estimates released today by the U.S. Bureau of Economic Analysis. On average, MSA personal income grew 6.2% in 2007, down from 6.8% in 2006. Personal income growth slowed in 208 MSAs, increased in 144, and remained unchanged in 11 MSAs.

The twenty slowest growing MSAs were all in the Great Lakes Region (Michigan, Ohio, Indiana, Illinois, and Wisconsin). Personal income growth in most of these MSAs was one-half the national pace or less as compensation declined in the durable goods manufacturing sector, often by substantial amounts. In some cases, compensation in 2006 had been boosted by the acceptance of employee buyout offers from automakers while 2007 compensation reflected a smaller workforce and pay concessions in the auto and auto parts industries.

From the archive:

A substantial portion of our workforce finds itself in direct competition for jobs with lower-wage workers around the globe, and leading-edge scientific and engineering work is being accomplished in many parts of the world. Thanks to globalization, driven by modern communications and other advances, workers in virtually every sector must now face competitors who live just a mouse-click away in Ireland, Finland, China, India, or dozens of other nations whose economies are growing.

"We're in so deep that it doesn't seem like anything will help," said Rebekah Ao, 33, a pregnant homemaker who lives in a new four-bedroom home in Avondale with her husband, Otto, a truck driver. The Aos, with $50,000 in income, owe a total of $607,000 on mortgages for two houses they bought since they moved to the Phoenix area about two years ago.

Personal Income for Metropolitan Areas, 2007