[Economic Indicators February, 1999]
[Page Number 5]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
SOURCES OF PERSONAL INCOME

Personal income rose $45.2 billion (annual rate) in January, following a 
decrease of $5.0 billion in December. Wages and salaries increased $30.0 
billion in January, following an increase of $17.6 billion in December. 
The January and December changes in personal income were affected by a 
number of special factors. In particular, the December decrease was 
caused by one-time farm subsidy payments that boosted November personal 
income. Excluding special factors, personal income increased $35.0 
billion in January, and $19.6 billion in December.
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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...............................................................    4,796.2        2,757.5             300.6        35.4     338.6        61.0      134.9     704.4        687.8        223.9
1991...............................................................    4,965.6        2,827.6             322.7        29.3     347.2        67.9      137.7     699.2        769.9        235.8
1992...............................................................    5,255.7        2,986.4             351.3        37.1     386.7        79.4      137.9     667.2        858.2        248.4
1993...............................................................    5,481.0        3,089.6             385.1        32.4     418.4       105.7      147.1     651.0        912.0        260.3
1994...............................................................    5,757.9        3,240.7             405.0        36.9     434.7       124.4      171.0     668.1        954.7        277.5
1995...............................................................    6,072.1        3,428.5             401.6        22.4     465.6       133.7      192.8     704.9      1,015.9        293.6
1996...............................................................    6,425.2        3,631.1             387.0        38.9     488.8       150.2      248.2     719.4      1,068.0        306.3
1997...............................................................    6,784.0        3,889.8             392.9        35.5     515.8       158.2      260.3     747.3      1,110.4        326.2
1998 r.............................................................    7,125.1        4,148.7             406.9        28.5     548.5       162.8      263.1     764.8      1,149.2        347.4
 
1998:Jan...........................................................    6,970.5        4,040.0             401.7        28.2     531.6       158.3      261.5     754.7      1,133.8        339.3
      Feb..........................................................    7,007.3        4,066.4             402.8        27.3     536.6       158.4      261.6     757.0      1,138.4        341.2
      Mar..........................................................    7,033.9        4,079.3             403.8        26.6     542.2       158.3      261.8     759.3      1,144.7        342.2
      Apr .........................................................    7,055.3        4,097.6             404.7        27.2     543.0       159.4      262.0     761.2      1,143.8        343.6
      May .........................................................    7,085.9        4,124.3             405.7        27.7     542.5       160.9      262.1     762.8      1,145.3        345.5
      June ........................................................    7,104.4        4,131.0             406.6        28.2     546.6       162.6      262.3     765.0      1,148.3        346.2
      July ........................................................    7,133.7        4,153.6             407.5        26.8     550.5       163.0      262.4     767.3      1,150.4        347.7
      Aug .........................................................    7,164.1        4,183.4             408.3        25.2     549.5       163.5      262.8     769.4      1,151.8        349.9
      Sept ........................................................    7,184.6        4,194.3             409.2        23.5     552.9       164.4      263.7     770.7      1,156.6        350.8
      Oct r........................................................    7,213.8        4,216.9             410.1        25.3     557.2       165.2      264.7     770.7      1,156.2        352.5
      Nov r........................................................    7,276.6        4,239.8             411.0        52.0     561.9       172.3      265.7     770.2      1,157.8        354.2
      Dec r........................................................    7,271.6        4,257.4             411.9        23.6     567.3       167.3      266.7     769.4      1,163.5        355.5
 
1999:Jan p.........................................................    7,316.8        4,287.4             413.3        24.2     572.7       169.2      267.7     769.2      1,174.4        361.4
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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.