10/06/2010 09:21 am ET Updated May 25, 2011

New York Personal Income Drops For First Time in 70 Years

NEW YORK (Reuters) - The recession put a 3.1 percent dent in the personal incomes of New York state residents, who endured their first full-year decline in more than 70 years, according to a report released on Tuesday.

Paychecks or net earnings tumbled 5.4 percent, while dividends, interest and rent slid 8.4 percent, to a grand total of nearly $908 billion, the state comptroller's report said.