Malloy sees stronger economy with rise in personal income

EAST HARTFORD, Conn. (AP) — Gov. Dannel P. Malloy is defending Connecticut’s economy that statistics show is gradually improving.

The U.S. Commerce Department reported Monday that personal income — income received by everyone from all sources — rose by 1 percent in the first quarter of the year over the last three months of 2014. Maine, at 1.1 percent, was the only New England state with stronger growth.

Nationally, personal income was up 0.9 percent in the first three months of the year over last year’s final quarter.

With a drop in the May unemployment rate to the lowest since August 2008, Malloy says “Connecticut is a pretty darn good state.”

Malloy said Monday after breaking ground with United Technologies Corp. officials for a planned research center in East Hartford that the state is doing OK.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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