The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
U . S. D E P A R T M E N T OF O FFICE CO M M ER CE B U S IN E S S N E W S OF B U SI N ESS ECO N O M ICS R EPO R TS PERSOMI» INCOME - April 1959 O BE 59-35 FOR RELEASE TO A.M.»S, TUESDAY, MAY 19, 1959 Br u ce M. Fo w ler s S t e r l i n g 3- 9 2 0 0 Ext. 2222 P e r so n a l in co m e i n A p r i l w as a t a se a so n a l l y a d j u st e d an n u al r a t ® of $3T^k b i l l i o n , $ 3 B i l l i o n h i g h e r t h a n i n M a r c h , t h ® O f f i c e o f B u s i n e s s E c o n o m i c s, U . S . D e p a r t m e n t o f Co m m er ce an n o u n c ed t o d a y . T h e r i s e i n A p r i l r e f l e c t e d i n l a r g e p a r t a f u r t h e r a d v a n c e i n w ag e an d s a l a r y d i sb u r se m e n t s. A s i n M ar ch , t h e i n c r e a s e c e n t e r e d i n m a n u f a c t u r i n g an d s ' t a m e d p r i m a r i l y f r o m h i g h e r em p l o y m en t , w i t h a v e r a g e h o u r s w o r k e d an d h o u r l y ear n i n g s a l so u p fr o m t h e p r e v i o u s m on th . T h e p a y r o l l g a i n w as p a r t i c u l a r l y p r o n o u n c e d i n t h e m e t a l s an d m a c h i n e r y i n d u s t r i e s ! d i s b u r s e m e n t s w a r ® o f f i n t h ® r u b b e r i n d u s t r y c h i e f l y b e c a u se © f i n d u s t r i a l d i s p u t e s . Con s t r u c t i o n p a y r o l l s w er e a l s o u p sh a r p l y i n A p r i l , w h i l e t r a d e , t h e s e r v i c e s i n d u s t r i e s , an d g o v e r n m e n t r e g i s t e r e d m o r e m o d e r a t e a d v a n c e s . O u t l a y s u n d e r b o t h t h e T e m p o r a r y U n em p l o y m en t C o m p e n sa t i o n Act an d r e g u l a r S t a t e u n em p l o y m en t p r o g r a m s d e c l i n e d a g a i n i n A p r i l . D i sb u r se m e n t s u n d e r t h e o l d - a g e an d s u r v i v o r s i n s u r a n c e p r o g r a m c o n t i n u e d t o i n c r e a s e , l e a v i n g t h ® t r a n s f e r p ay m e n t t o t a l u n c h a n g e d . O t h e r t y p e s o f i n c o m e sh o w ed l i t t l e c h an g e f r o m M ar ch . P e r s o n a l i n c o m e e s t i m a t e s i n c l u d e w a g e s an d s a l a r i e s , t h e n e t i n c o m e o f p r o p r i e t o r s h i p s an d p a r t n e r s h i p s — f a r m a n d n o n f a r m — a s w e l l a s d i v i d e n d s an d i n t e r e s t , n e t r e n t s r e c e i v e d b y l a n d l o r d s , a n d o t h e r t y p e s o f i n d i v i d u a l i n co m e. T h e a n n u a l r a t e s , w h i c h a r e u s e d t o f a c i l i t a t e c o m p a r i so n w i t h p r e v i o u s an n u al t o t a l s , r e p r e se n t t h e se a so n a l l y a d j u st e d d o l l a r t o t a l s f o r e a c h m o n t h m u l t i p l i e d b y 12 . in D e t a i l s o f p e r so n a l in co m e i n th e fo llo w in g t ab le. A p ril an d o t h e r . r e c e n t p e r i o d s a r e sh o w n ( O v er ) Comm— DC— 47743 OBE B U SIN ESS N EW S R EPO R TS R EG U LA R LY P E R SO N A L TO TA L M A N U F A C T U R IN G M A N U FA C T U R E R S ' S A LE S A N D A N D TR A D E IN V E N T O R IE S , IN V E N T O R IE S , M o n t h ly M o n t h ly C A S K IN C O M E , D IV ID E N D N A T IO N A L A V A ILA B L E — M o n t h ly P A Y M EN T S, IN CO M E A N D P LA N T M o n t h ly P R O D U C T , Q u a r t e r ly A N D B A LA N C E O F E Q U IP M E N T S U R V E Y , IN T E R N A T IO N A L Q u a r t e r ly P A Y M E N T S , Q u a r t e r ly MONTHLY PERSONAL INCOME ( Se a so n a l l y a d j u st e d an n u al r a t e s i n b i l l i o n s o f d o l l a r s) M ar . 1958 Apr. 1958 First 1+ m o s. 1958 1959 Full year 1958 1959 1959 Feb. 1958 TOTAL PERSO N AL I N CO M E........................... ............. 369.5 372,7 3U7.5 31+8.7 31+9.7 367.6 31+8.7 351+.1+ • W age an d s a l a r y d i sb u r se m e n t s, t o t a l . . . 250.2 252.9 233.2 232.6 232.0 21+8.8 233.2 237,1 C o m m o d i t y - p r o d u c i n g i n d u s t r i e s ............. M an u f act u r i n g o n l y . . . . . . . . . . . . . . . . . D i st r i b u t i v e i n d u st r i e s. . . . . . . . . . . . . . S e r v i c e i n d u s t r i e s ......... .. ................. io5.i 83.1; 65.8 3k. 9 kh.h 107.3 81+.9 66.0 35.1 1+1+.5 95.6 75. U ¿3.1+ 33.2 1+1.0 95.3 71+.9 62.9 33.3 1+1.1 95.0 71+.3 62.1+ 33.1+ la. 2 101+.3 82.6 65.5 31+.8 1+1+.3 95.9 75.1+ 63.1 33.2 la.o 97.3 76.1+ 63*3 33.6 1+2.8 O t h er l a b o r i n c o m e........................................... 9.5 9.6 9.0 8.9 8.9 9.5 9.0 9.1 32.8 13.5 33.0 13.5 30.1+ 13.8 30.5 11+.6 30.6 15.Q 32.6 13.1+ 30.6 li+.O 31.0 ll+. 2 12.5 12.5 12.1 12.1 12.1 12.5 12.1 12.2 12.6 12.6 12.1+ 12,1+ 12.1+ 12.6 12.1+ 12.3 P e r s o n a l i n t e r e s t i n c o m e . . . . ...................... 20,0 20.2 19.3 19.3 19.3 19.9 19.3 19.1+ T r a n s f e r p ay m en t s 1/................. 2 6 .1 26 .2 23.8 21+.8 26.1 26 .0 21+.6 25.9 L ess: P e r so n a l c o n t r i b u t i o n s f o r s o c i a l i n s u r a n c e .......................................... 7 .8 7.9 6.7 6.6 6.6 7.8 6.6 6.7 Feb . 1959 P r o p r i e t o r s ® i n c o m e: B u s i n e s s and p r o f e s s i o n a l ........................ R e n t a l i n c o m e o f p e r s o n s ............................... M ar . A pr. 2/ . . . . . . . . . 352.1 355.2 330.1 330.5 331.0 350.3 331.0 336.5 T o t a l a g r i c u l t u r a l i n c o m e . . . . . .................... 17. h 17.5 17.1+ 18.2 18.8 17.3 17.7 17.9 T o t a l n o n a g r i c u l t u r a l i n co m e 17 2. C o n s i s t m a i n l y o f s o c i a l i n s u r a n c e b e n e f i t s an d v e t e r a n s * p ay m e n t s. E q u a l s p e r s o n a l i n c o m e e x c l u s i v e o f n e t i n co m e o f u n i n c o r p o r a t e d f a r m i n t e r e st , So u r c e : an d n e t d i v i d e n d s p a i d b y a g r i c u l t u r a l c o r p o r a t i o n s . U . S . D ep ar t m en t o f Com m er ce, O f f i c e o f B u s i n e s s Ec o n o m i c s -0- e n t e r p r i se s, far m w a g e s, a g r i c u l t u r a l n e t
@FedFRASER