Archive for the 'Personal Income' Category



State Personal Income: First Quarter 2014

State personal income increased 0.8 percent on average in the first quarter of 2014, an acceleration from the 0.5 percent growth in the fourth quarter of 2013. Personal income grew in 46 states and growth accelerated in 24 of those states. The fastest growth, 1.4 percent, was in Washington state, Vermont, and West Virginia. Personal income fell 2.9 percent in North Dakota, 0.3 percent in South Dakota, and 0.2 percent in Arkansas and Nebraska. Inflation, as measured by the national price index for personal consumption expenditures, was 0.3 percent in the first quarter, the same as in the fourth quarter.

 Personal Income1

Personal Income Growth and Ranks Table

 

 

 

 

 

Real Consumer Spending Falls in April

PI_5_30_14Personal income increased 0.3 percent in April after increasing 0.5 percent in March. Wages and salaries, the largest component of personal income, increased 0.2 percent after increasing 0.6 percent.

Current-dollar disposable personal income (DPI),
after-tax income, increased 0.3 percent in April after increasing 0.5 percent in March.

Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in April after increasing 0.3 percent in March.

Real consumer spending, spending adjusted for price changes, decreased 0.3 percent in April after increasing 0.8 percent in March. Spending on durable goods decreased 0.5 percent after increasing 3.7 percent.

PCE prices increased 0.2 percent in April, the same as in March. Excluding food and energy, PCE prices rose 0.2 percent in April, the same as in March.

Personal saving rate
Personal saving as a percent of DPI was 4.0 percent in April and 3.6 percent in March.

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PI_Chart_5_30_14

Real Consumer Spending Rises in March

PI_5_1_14_TablePersonal income increased 0.5 percent in March after increasing 0.4 percent in February. Wages and salaries, the largest component of personal income, increased 0.6 percent after increasing 0.3 percent.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in March after increasing 0.4 percent in February.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in March, the same increase as in February.

Real consumer spending, spending adjusted for price changes, increased 0.7 percent in March after increasing 0.4 percent in February. Spending on durable goods increased 2.7 percent after increasing 1.3 percent. Purchases of motor vehicles and parts accounted for more than half of the March increase.

PCE prices increased 0.2 percent in March after increasing 0.1 percent in February. Excluding food and energy, PCE prices rose 0.2 percent in March.

Personal saving rate
Personal saving as a percent of DPI was 3.8 percent in March and 4.2 percent in February.

PI_5_1_14_Chart

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