[Economic Indicators July, 1998]
[Page Number 5]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
SOURCES OF PERSONAL INCOME

Personal income rose $16.2 billion (annual rate) in June, following an 
increase of $30.6 billion in May. Wages and salaries increased $6.5 
billion in June, following an increase of $25.5 billion in May. (Series 
revised.)
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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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1990...............................................................   r4,796.2        2,757.5             300.6        35.4     338.6        61.0     r134.9     704.4        687.8        223.9
1991...............................................................   r4,965.6        2,827.6             322.7        29.3     347.2        67.9     r137.7     699.2        769.9        235.8
1992...............................................................   r5,255.7        2,986.4             351.3        37.1     386.7        79.4     r137.9     667.2        858.2        248.4
1993...............................................................   r5,481.0        3,089.6             385.1        32.4     418.4       105.7     r147.1     651.0        912.0        260.3
1994...............................................................   r5,757.9        3,240.7             405.0        36.9     434.7       124.4     r171.0     668.1        954.7        277.5
1995r..............................................................    6,072.1        3,428.5             401.6        22.4     465.6       133.7      192.8     704.9      1,015.9        293.6
1996r..............................................................    6,425.2        3,631.1             387.0        38.9     488.8       150.2      248.2     719.4      1,068.0        306.3
1997r..............................................................    6,784.0        3,889.8             392.9        35.5     515.8       158.2      260.3     747.3      1,110.4        326.2
                                                                                                                                                                                                
1997:Juner.........................................................    6,766.4        3,872.3             392.5        37.8     515.5       158.2      260.1     745.9      1,109.1        324.9
      Julyr........................................................    6,785.8        3,886.9             392.0        37.3     517.0       158.4      260.1     749.2      1,110.9        326.1
      Augr.........................................................    6,826.7        3,922.7             393.5        36.4     519.2       158.6      260.3     750.6      1,114.1        328.6
      Septr........................................................    6,850.1        3,937.1             395.3        35.1     524.5       158.7      260.7     751.7      1,116.8        329.7
      Octr.........................................................    6,875.5        3,964.0             394.4        33.5     525.4       158.7      261.0     752.5      1,117.5        331.7
      Novr.........................................................    6,910.9        3,998.0             396.9        31.5     526.2       158.8      261.3     753.0      1,119.3        334.1
      Decr.........................................................    6,928.3        4,007.7             399.7        29.1     528.4       158.9      261.4     753.3      1,124.7        334.9
                                                                                                                                                                                                
1998:Janr..........................................................    6,970.5        4,040.0             401.7        28.2     531.6       158.3      261.5     754.7      1,133.8        339.3
      Feb r........................................................    7,007.3        4,066.4             402.8        27.3     536.6       158.4      261.6     757.0      1,138.4        341.2
      Mar r........................................................    7,033.9        4,079.3             403.8        26.6     542.2       158.3      261.8     759.3      1,144.7        342.2
      Apr r........................................................    7,055.6        4,097.9             404.7        26.5     543.3       159.8      262.0     761.1      1,143.8        343.5
      May r........................................................    7,086.2        4,123.4             405.7        26.4     543.7       161.2      262.1     762.4      1,146.7        345.5
      June p.......................................................    7,102.4        4,129.9             406.3        26.4     546.8       163.4      262.3     763.6      1,149.8        346.1
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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.

    Note.--See Note, p. 1. In 
addition to the annual revisions, a 
redefinition of dividend income 
resulted in a reduction in dividends 
and an offsetting increase in 
undistributed corporate profits. The 
reduction in dividends resulted in 
reductions in personal income and in 
personal saving; however, national 
saving and private saving were not 
affected because of the offsetting 
increase in business saving 
(undistributed corporate profits). 
Gross domestic product and national 
income were not affected by the 
redefinition. All series affected by 
the redefinition are revised 
beginning 1982.
    Source: Department of Commerce, 
   Bureau of Economic Analysis.