[Economic Indicators August, 1996]
[Page Number 5]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
SOURCES OF PERSONAL INCOME

Personal income rose $7.0 billion (annual rate) in July, following an 
increase of $55.2 billion in June. Wages and salaries rose $5.0 billion 
in July, compared with an increase of $46.2 billion in June. In July, 
declines in private-sector average weekly hours and average hourly 
earnings more than offset an increase in employment. In June, on the 
other hand, hours, earnings, and employment had all increased.
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                                                             [Billions of dollars; monthly data at seasonally adjusted annual rates]                                                            
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                                                                                                                      Proprietors'                                                       Less:  
                                                                                                                        income\3\                                                      Personal 
                                                                       Total                                      --------------------    Rental    Personal  Personal                   con-   
                               Period                                 personal   Wage and salary     Other labor                        income  of  dividend  interest    Transfer    tributions
                                                                       income    disbursements\1\   income\1\\2\                        persons\4\   income    income    payments\5\      for   
                                                                                                                     Farm     Nonfarm                                                   social  
                                                                                                                                                                                       insurance
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1987...............................................................    3,877.3        2,272.7             235.4        32.3     260.6        45.5      101.1     560.0        543.3        173.7
1988...............................................................    4,172.8        2,453.6             251.7        28.2     294.7        55.7      109.9     595.5        577.6        194.2
1989...............................................................    4,489.3        2,598.1             273.1        36.8     308.2        52.4      130.9     674.5        626.0        210.8
1990...............................................................    4,791.6        2,757.5             300.6        36.3     324.6        61.4      142.9     704.4        687.8        223.9
1991...............................................................    4,968.5        2,827.6             322.7        30.2     332.7        68.4      153.6     699.2        769.9        235.8
1992...............................................................    5,264.2        2,986.4             351.3        38.0     371.5        80.6      159.4     667.2        858.2        248.4
1993...............................................................    5,480.1        3,090.7             380.9        32.0     388.1       102.5      186.8     648.1        910.7        259.6
1994...............................................................    5,753.1        3,241.8             402.2        35.0     415.9       116.6      199.6     663.7        956.3        278.1
1995...............................................................    6,115.1        3,430.6             424.0        29.0     449.3       122.2      214.8     717.1      1,022.6        294.5
                                                                                                                                                                                                
1995:July..........................................................    6,129.8        3,444.0             424.6        27.6     448.4       122.0      214.3     718.2      1,026.6        295.9
      Aug..........................................................    6,138.9        3,443.9             425.8        28.0     451.9       120.6      215.6     719.7      1,028.9        295.6
      Sept.........................................................    6,172.1        3,465.6             427.2        28.8     454.2       120.2      217.4     721.7      1,034.1        297.2
      Oct..........................................................    6,206.6        3,491.9             428.7        30.4     452.9       119.5      219.5     724.2      1,038.0        298.4
      Nov..........................................................    6,229.4        3,495.0             430.2        31.9     455.0       127.4      221.9     727.0      1,039.3        298.4
      Dec..........................................................    6,267.4        3,513.6             431.7        33.2     456.9       130.7      223.8     730.3      1,046.9        299.7
                                                                                                                                                                                                
1996:Jan...........................................................    6,270.1        3,508.1             427.4        36.2     457.0       129.1      225.3     728.4      1,057.4        298.9
      Feb..........................................................    6,315.2        3,546.0             429.1        38.8     461.3       126.7      226.5     725.6      1,062.5        301.5
      Mar..........................................................    6,340.1        3,560.6             430.8        40.1     465.1       125.0      227.9     724.3      1,069.0        302.7
      Aprr.........................................................    6,371.3        3,579.1             432.4        43.3     467.9       123.2      228.7     727.9      1,072.5        303.9
      Mayr.........................................................    6,404.9        3,597.2             434.0        46.5     470.7       123.4      229.4     733.5      1,075.4        305.2
      Juner........................................................    6,460.1        3,643.4             435.6        48.5     471.4       122.7      229.9     737.4      1,079.5        308.3
      Julyp........................................................    6,467.1        3,638.4             437.1        50.0     473.3       123.6      230.8     739.0      1,083.0        308.2
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    \1\The total of wage and salary 
disbursements and other labor income 
differs from compensation of 
employees (see p. 4) in that it 
excludes employer contributions for 
social insurance and the excess of 
wage accruals over wage 
disbursements.
    \2\Consists primarily of 
employer contributions to private 
pension and private welfare funds.
    \3\With inventory valuation and 
capital consumption adjustments.
    \4\With capital consumption 
adjustment.
    \5\Consists mainly of social 
insurance benefits, direct relief, 
and veterans payments.

    Source: Department of Commerce, 
   Bureau of Economic Analysis.