Archive for the 'Personal Income' Category



State Personal Income: Fourth Quarter 2014

State personal income grew 1.0 percent on average in the fourth quarter of 2014, the same average growth rate as in the third quarter. The acceleration in personal income growth in Florida, Texas, and 30 other states was offset by a slowdown in 15 states, including California and New York. Growth rates ranged from 0.6 percent in Louisiana to 1.5 percent in Texas. The national price index for personal consumption expenditures fell 0.1 percent in the fourth quarter after rising 0.3 percent in the third quarter.

Personal Income Percent change march 25

Fourth Quarter 2014 State Personal Income Growth and Ranks

State charts march 25

For more, see the full report.

Real Disposable Income Rises In January

PI1

Personal income rose 0.3 percent in January, the same increase as in December. Wages and salaries, the largest component of personal income, rose 0.6 percent in January after rising 0.1 percent in December.

Current-dollar disposable personal income (DPI), after-tax income, rose 0.4 percent in January after rising 0.3 percent in December.

Real DPI, income adjusted for taxes and inflation, increased 0.9 percent in January after increasing 0.5 percent in December.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in January after decreasing 0.1 percent in December. Spending on durable goods increased 0.2 percent in January after decreasing 1.0 percent in December.

PCE prices decreased 0.5 percent in January after decreasing 0.2 percent in December. Excluding food and energy, PCE prices increased 0.1 percent in January after increasing less than 0.1 percent in December.

Personal saving rate
Personal saving as a percent of DPI was 5.5 percent in January and 5.0 percent in December.

For more, see the full report.

PI2

Consumer Spending Falls In December

 PI_table_2_2_15Personal income rose 0.3 percent in December, the same increase as in November. Wages and salaries, the largest component of personal income, rose 0.1 percent in December after rising 0.6 percent in November.
Current-dollar disposable personal income (DPI), after-tax income, rose 0.3 percent in December, the same increase as in November.
Real DPI, income adjusted for taxes and inflation, increased 0.5 percent in December after increasing 0.4 percent in November.
Real consumer spending, spending adjusted for price changes, decreased 0.1 percent in December after increasing 0.7 percent in November. Spending on durable goods decreased 0.7 percent in December after increasing 2.5 percent in November.
PCE prices decreased 0.2 percent in December, the same decrease as in November. Excluding food and energy, PCE prices remained flat in December, the same as in November.
Personal saving rate
Personal saving as a percent of DPI was 4.9 percent in December and 4.3 percent in November.

PI_chart_2_2_15

Read the report.