Posts Tagged 'State Personal Income'

State Personal Income 2014

Average state personal income growth accelerated to 3.9 percent in 2014 from 2.0 percent in 2013. Growth of state personal income – the sum of net earnings by place of residence, property income, and personal current transfer receipts – ranged from 0.5 percent Nebraska to 5.7 percent in Alaska and Oregon, with 45 states growing faster in 2014 than in 2013. Inflation, as measured by the national price index for personal consumption expenditures, was 1.3 percent in 2014 and 1.2 percent in 2013.

State Personal Income 2014 March 25

2014 State Personal Income Growth and Ranks

state chart part 2 march 25

For more, see the full report.

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.

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

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