Archive for the 'Personal Income' Category



State Personal Income: Fourth Quarter 2013

State personal income growth slowed to 0.6 percent in the fourth quarter of 2013, from 1.0  percent in the third quarter. Growth ranged from 1.2 percent in Texas to -0.6 percent in Iowa. The fourth-quarter personal income decline in Iowa and six other states reflected lower crop prices, which reduced the value of farm output and farm earnings. The inflation rate slowed to 0.3 percent in the fourth quarter from 0.5 percent in the third quarter.

StatePersonalIncome4q2013

StatePersonalIncomeTable4q2013

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State Personal Income 2013

Average state personal income growth slowed to 2.6 percent in 2013 from 4.2 percent in 2012. State personal income growth ranged from 1.5 percent in West Virginia to 7.6 percent in North Dakota, with every state growing more slowly in 2013 than in 2012. Inflation, as measured by the national price index for personal consumption expenditures, slowed to 1.1 percent in 2013 from 1.8 percent in 2012.

StatePesonalIncomeAnnual2013

StatePersonaIncomeTableAnnual

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Real Consumer Spending Rises in January

PI0114Personal income increased 0.3 percent in January after remaining flat in December, in part reflecting increases in Medicaid and other government social benefits due to the Affordable Care Act (ACA). Excluding all special factors, personal income rose 0.2 percent in January, following a decrease of 0.1 percent in December.

Current-dollar disposable personal income (DPI),
after-tax income, increased 0.4 percent in January after decreasing 0.1 percent in December.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in January after decreasing 0.2 percent in December.

Real consumer spending, spending adjusted for price changes, increased 0.3 percent in January after decreasing 0.1 percent in December. Spending on services turned up in January, reflecting a turnaround in utilities and stronger growth in health care spending.

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

Personal saving rate
Personal saving as a percent of DPI was 4.3 percent in January, the same as December.
PI0114-2