Archive for the 'Personal Income' Category



Personal Income Picks Up in June

Personal income increased 0.5 percent in June after increasing 0.3 percent in May. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.1 percent in May.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in June after increasing 0.3 percent in May.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in June after increasing 0.5 percent in May.

Real consumer spending, spending adjusted for price changes, decreased 0.1 percent in June after increasing 0.1 percent in May. Purchases of goods decreased 0.3 percent in June after being flat in May.

PCE prices increased 0.1 percent in June after decreasing 0.2 percent in May. Excluding food and energy, the PCE price index increased 0.2 percent in June after increasing 0.1 percent in May.

Personal saving rate
Personal saving as a percent of DPI was 4.4 percent in June, compared with 4.0 percent in May.

To learn more about personal income and outlays, read the full report.

Real Disposable Personal Income Picks Up

Personal income increased 0.2 percent in May, the same increase as in April. The increase in wages and salaries was less than 0.1 percent in May, compared with an increase of 0.1 percent in April.

Current-dollar disposable personal income (DPI)—after-tax income—increased 0.2 percent in May, the same increase as in April.

Real DPI— income adjusted for taxes and inflation—increased 0.3 percent in May after increasing 0.1 percent in April.

Real consumer spending—spending adjusted for price changes—increased 0.1 percent in May, the same increase as in April. Spending on durable goods fell 0.4 percent in May after falling 0.1 percent in April, while spending on nondurable goods rose 0.3 percent after rising 0.1 percent.

Prices decreased 0.2 percent in May after remaining flat in April. Excluding food and energy, prices increased 0.1 percent in May, the same increase as in April.

Personal saving as a percent of DPI was 3.9 percent in May, compared with 3.7 percent in April.

To learn more about personal income and outlays, read the full report.

Personal Income in States Grows

State personal income growth accelerated to 0.8 percent in the first quarter of 2012, from 0.4 percent in the fourth quarter of 2011. Personal income rose in 47 of the 50 states, fell in Kansas and Mississippi, and was unchanged in Oklahoma. The percent change across states ranged from 2.3 percent in North Dakota to –0.3 percent in Mississippi. Inflation, as measured by the national price index for personal consumption expenditures, increased to 0.6 percent in the first quarter of 2012 from 0.3 percent in the fourth quarter of 2011.

state personal income map

State personal income

For more information about state personal income, read the full report.

Real Consumer Spending Picks Up in April

Personal income increased 0.2 percent in April after increasing 0.4 percent in March.

Current-dollar disposable personal income (DPI)—after-tax income—increased 0.2 percent in April after increasing 0.4 percent in March.

Real DPI—income adjusted for taxes and inflation—increased 0.2 percent in April, the same increase as in March.

Real consumer spending—spending adjusted for price changes—rose 0.3 percent in April after being flat in March.

Spending picked up on both goods and services.

Prices increased less than 0.1 percent in April after increasing 0.2 percent in March. Excluding food and energy, prices increased 0.1 percent in April after increasing 0.2 percent in March.

Personal saving as a percent of DPI was 3.4 percent in April, compared with 3.5 percent in March.

To learn more about personal income and outlays, read the full report.

Personal Income Increased 0.4 Percent in March

Personal income in the United States increased 0.4 percent in March after increasing 0.3 percent in February. Wages and salaries rose 0.3 percent in March after rising 0.4 percent in February.

Current-dollar disposable personal income (DPI)—income after taxes—increased 0.4 percent in March after increasing 0.2 percent in February.

Real DPI—income adjusted for taxes and inflation—increased 0.2 percent in March after decreasing 0.1 percent in February.

Real consumer spending—spending adjusted for price changes—rose 0.1 percent in March after rising 0.5 percent in February, reflecting a decrease in durable goods spending that was more than accounted for by motor vehicles and parts.

Prices increased 0.2 percent in March after increasing 0.3 percent in February. Excluding food and energy, prices increased 0.2 percent in March after increasing 0.1 percent in February.

Personal saving as a percent of DPI was 3.8 percent in March, compared with 3.7 percent in February.

To learn more about personal income and outlays, read the full report.