The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MONDAY June 1, 2009 PERSONAL INCOME RISES IN APRIL Personal income rose 0.5 percent in April. Wages and salaries, the largest component of personal income, were flat in April after falling 0.6 percent in March. In Jan., Feb. and March—but not in April—wages were reduced by $20 billion to reflect smaller-than-expected bonuses. Real disposable personal income (DPI), income adjusted for inflation and taxes, increased 1.1 percent in April. Taxes fell $64 billion after falling $34 billion. The American Recovery and Reinvestment Act of 2009 reduced taxes and boosted government benefit payments in April and March. Excluding those effects, real DPI rose 0.7 percent in April after falling 0.1 percent in March. Real consumer spending, spending adjusted for price changes, decreased 0.1 percent in April. Average growth, last 12 months March April Personal Income 0.1 % –0.2 % 0.5 % Real DPI 0.3 % 0.1 % 1.1 % –0.2 % –0.3 % –0.1% 0.0 % 0.0% 0.1 % 12-month average March April 3.3% 4.5 % 5.7 % Real PCE PCE Prices PCE prices increased 0.1 percent in April after remaining flat in March. Excluding food and energy, prices rose 0.3 percent in April, after increasing 0.2 percent in March. Personal saving as a percent of disposable income rose to 5.7 percent in April. Personal Saving Rate Real Disposable Personal Income and Real Consumer Spending Percent change (monthly) 1.5 1.0 Real Disposable Personal Income 0.5 0.0 Real Consumer Spending -0.5 -1.0 Jan Feb Mar Apr BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE: On June 26, 2009, the May estimates of Personal Income and Outlays will be released. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce