[Economic Indicators March, 1997]
[Page Number 5]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
SOURCES OF PERSONAL INCOME

Personal income rose $57.8 billion (annual rate) in February, following 
an increase of $23.5 billion in January. Wages and salaries rose $50.0 
billion in February, after falling $1.3 billion in January. (In 
February, private-sector employment, average weekly hours, and average 
hourly earnings all rose, whereas in January a decline in hours offset 
increases in employment and hourly earnings.) In January, the decline in 
wages and salaries was partially offset by a large increase in transfer 
payments, due to cost-of-living adjustments to social security benefits, 
Federal civilian and military pay raises, and other factors.
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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
1996 r.............................................................    6,452.3        3,630.1             436.2        46.4     471.9       126.8      230.6     738.2      1,079.7        307.5
                                                                                                                                                                                                
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
      Apr..........................................................    6,371.5        3,579.1             432.4        43.2     467.3       124.1      228.7     728.1      1,072.5        303.9
      May..........................................................    6,405.2        3,597.2             434.0        46.2     469.9       124.8      229.4     733.6      1,075.4        305.2
      June.........................................................    6,460.3        3,643.1             435.6        48.0     471.0       124.6      229.9     737.5      1,078.9        308.4
      July ........................................................    6,463.1        3,630.8             437.1        50.0     472.7       126.3      230.8     740.6      1,082.5        307.7
      Aug .........................................................    6,502.5        3,660.9             438.6        52.2     473.7       126.6      231.5     743.0      1,085.6        309.8
      Sept ........................................................    6,538.7        3,687.2             440.1        53.1     477.3       128.0      232.3     745.1      1,087.3        311.7
      Oct r........................................................    6,544.1        3,682.3             441.5        51.3     479.9       128.9      233.3     747.7      1,090.2        311.0
      Nov r........................................................    6,585.5        3,713.5             442.9        49.7     482.4       128.9      234.7     750.5      1,096.1        313.2
      Dec r........................................................    6,631.3        3,752.5             444.3        48.1     484.7       128.8      236.5     753.4      1,098.8        315.9
                                                                                                                                                                                                
1997:Jan r.........................................................    6,654.8        3,751.2             445.1        46.8     488.2       128.7      238.2     755.9      1,118.6        318.0
      Feb p........................................................    6,712.6        3,801.2             445.9        45.4     492.0       129.8      239.9     758.5      1,121.4        321.5
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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.