The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
U N IT E D S T A T E S D E P A R T M E N T EC O N O M IC S AND S T A TIS T IC S A D M IN IS T R A T IO N O F B u re a u of E c o n o m ic A n a ly s is F O R W I R E T R A N S M I S S I O N : 8 :3 0 A .M . E S T , T H U R S D A Y , M A R C H 1, 2 0 0 1 (2 0 2 ) 6 0 6 -5 3 0 1 (P e rso n a l In c o m e ) G re g K ey: 6 0 6 -5 3 0 2 ( P e r s o n a l O u tla y s ) R e c o rd e d m essag e: 6 0 6 -5 3 0 3 J a m e s E . R a n k in : B E A 0 1 -0 5 P E R S O N A L IN C O M E A N D O U T L A Y S : JA N U A R Y 2001 P e r s o n a l in c o m e in c re a s e d $ 4 8 .8 b illio n , o r 0 .6 p e rc e n t, a n d d is p o s a b le p e r s o n a l in c o m e (D P I) in c r e a s e d $ 3 4 .2 b illio n , o r 0 .5 p e rc e n t, in J a n u a ry , a c c o rd in g to th e B u re a u o f E c o n o m ic A n a ly s is . P e r s o n a l c o n s u m p tio n e x p e n d itu re s (P C E ) in c re a s e d $ 4 6 .9 b illio n , o r 0 .7 p e rc e n t. In D e c e m b e r, p e rs o n a l in c o m e in c r e a s e d $ 3 5 .4 b illio n , o r 0 .4 p e rc e n t, D P I in c re a s e d $ 2 8 .1 b illio n , o r 0 .4 p e rc e n t, a n d P C E in c r e a s e d $ 2 6 .4 b illio n , o r 0 .4 p e rc e n t, b a s e d o n r e v is e d e s tim a te s . _____________________ 2 0 0 0 _____________ ' S e p t. O c t. N ov. 2001 D ec. Jan. (P e r c e n t c h a n g e f r o m p r e c e d in g m o n th ) P e r s o n a l in c o m e , c u r r e n t d o lla rs 0 .4 0 .6 1.1 -0 .2 0 .2 1.2 - .4 .1 .4 .5 .0 D is p o s a b le p e r s o n a l in c o m e : C u r r e n t d o lla rs .8 -.5 -.1 .2 C u r r e n t d o lla rs .8 .2 .3 .4 .7 C h a in e d (1 9 9 6 ) d o lla rs .5 .1 .1 .2 .2 C h a in e d (1 9 9 6 ) d o lla rs P e r s o n a l c o n s u m p tio n e x p e n d itu re s : N O T E .—M o n th ly e s tim a te s a re e x p r e s s e d a t s e a s o n a lly a d ju s te d a n n u a l r a te s , u n le s s o th e rw is e s p e c ifie d . M o n th - to - m o n th d o lla r c h a n g e s a re d iff e r e n c e s b e tw e e n th e s e p u b lis h e d e s tim a te s . M o n th -to -m o n th p e r c e n t c h a n g e s a re c a lc u la te d fr o m u n r o u n d e d d a ta a n d a re n o t a n n u a liz e d . “ R e a l” e s tim a te s a re in c h a in e d (1 9 9 6 ) d o lla rs . -m o re - -2 - T h e J a n u a r y c h a n g e in p e r s o n a l in c o m e w a s a f f e c te d b y s e v e ra l s p e c ia l fa c to r s . T h e J a n u a ry c h a n g e w a s b o o s te d b y c o s t- o f - liv in g a d ju s tm e n ts to s e v e ra l fe d e r a l tr a n s f e r p a y m e n t p ro g r a m s a n d b y p a y ra is e s fo r fe d e ra l c iv ilia n a n d m ilita ry p e rs o n n e l. T h e J a n u a ry c h a n g e w a s re d u c e d b y p r o g r a m c h a n g e s a ff e c tin g p e r s o n a l c o n tr ib u tio n s f o r s o c ia l in s u r a n c e , b y f e d e r a l a g ric u ltu ra l s u b s id y p a y m e n ts , a n d b y lu m p -s u m s o c ia l s e c u rity b e n e f it p a y m e n ts th a t h a d b o o s te d D e c e m b e r p e r s o n a l i n c o m e . E x c l u d i n g t h e s e s p e c i a l f a c t o r s , p e r s o n a l i n c o m e i n c r e a s e d $ 4 0 .6 b i l l i o n , o r 0 .5 p e r c e n t , i n J a n u a r y , a f t e r i n c r e a s i n g $ 2 5 .8 b i l l i o n , o r 0 .3 p e r c e n t , i n D e c e m b e r . T h e s e s p e c i a l fa c to rs a re d is c u s s e d m o re fu lly b e lo w . Disposable Personal Income and Personal Outlays January 1998 through January 2001 (B illio n s o f d o lla r s ; s e a s o n a lly a d ju s t e d a n n u a l r a te s ) -3 - W a e e s a n d s a la r ie s P r iv a t e w a g e a n d s a la r y d is b u r s e m e n ts in c r e a s e d $ 2 5 .9 b illio n in J a n u a r y , c o m p a r e d w ith a n i n c r e a s e o f $ 6 .9 b i llio n in D e c e m b e r . G o o d s - p r o d u c in g in d u s tr ie s ' p a y r o lls in c r e a s e d $ 1 1 .9 b illio n , i n c o n tr a s t to a d e c r e a s e o f $ 8 .6 b illio n ; m a n u f a c tu r in g p a y r o lls i n c r e a s e d $ 2 .5 b i llio n , in c o n tr a s t to a d e c r e a s e o f $ 7 .6 b illio n . D i s tr ib u tiv e i n d u s tr ie s ’ p a y r o lls in c r e a s e d $ 4 .4 b illio n , c o m p a r e d w ith a n i n c r e a s e o f $ 5 .5 b illio n . S e r v ic e in d u s tr ie s ' p a y r o lls i n c r e a s e d $ 9 .5 b illio n , c o m p a r e d w i t h a n i n c r e a s e o f $ 1 0 .0 b illio n . G o v e r n m e n t w a g e a n d s a la r y d is b u r s e m e n ts in c r e a s e d $ 9 .4 b i llio n in J a n u a r y , c o m p a r e d w ith a n i n c r e a s e o f $ 1 .2 b i llio n in D e c e m b e r . P a y r a is e s f o r f e d e r a l c iv ilia n a n d m ilit a r y p e r s o n n e l a d d e d $ 5 .5 b i l l i o n to g o v e r n m e n t p a y r o lls in J a n u a r y . O t h e r p e r s o n a l in c o m e P r o p r i e t o r s ’ in c o m e d e c r e a s e d $ 2 .4 b illio n in J a n u a r y , in c o n tr a s t to a n in c r e a s e o f $ 7 .4 b i llio n in D e c e m b e r . F a r m p r o p r i e t o r s ' in c o m e d e c r e a s e d $ 6 .1 b illio n , in c o n tr a s t to a n in c r e a s e o f $ 6 .1 b illio n . T h e c h a n g e s in f a r m p r o p r i e t o r s ' in c o m e r e f l e c t e d th e p a tte r n o f s p e c ia lly a u th o r iz e d f e d e r a l f a r m s u b s id y p a y m e n t s , w h i c h w e r e $ 0 .8 b i llio n ( a t a n a n n u a l r a te ) in J a n u a r y , $ 5 .5 b i l l i o n i n D e c e m b e r , a n d $ 0 .3 b i llio n in N o v e m b e r . N o n f a r m p r o p r ie to r s ' in c o m e in c r e a s e d $ 3 .7 b i l l i o n in J a n u a r y , c o m p a r e d w ith a n in c r e a s e o f $ 1 .3 b i llio n in D e c e m b e r . T r a n s f e r p a y m e n t s in c r e a s e d $ 1 8 .0 b i llio n in J a n u a r y , c o m p a r e d w ith a n in c r e a s e o f $ 1 1 .7 b i l l i o n i n D e c e m b e r . T h e c h a n g e s in t r a n s f e r p a y m e n t s r e f l e c t e d 3 .5 - p e r c e n t c o s t- o f - liv i n g a d ju s t m e n ts t o s o c ia l s e c u r ity b e n e f its a n d s e v e r a l o t h e r f e d e r a l tr a n s f e r p a y m e n t p r o g r a m s , w h ic h a d d e d $ 1 6 .3 b i llio n to t h e J a n u a r y c h a n g e in t r a n s f e r p a y m e n t s . T h e J a n u a r y c h a n g e in t r a n s f e r p a y m e n t s w a s r e d u c e d b y l u m p - s u m s o c ia l s e c u r ity b e n e f its p a y m e n t s , w h ic h h a d a d d e d $ 3 .3 b i llio n t o D e c e m b e r t r a n s f e r p a y m e n t s ; t h e s e b e n e f it p a y m e n t s r e s u l t e d f r o m a r e c a lc u la tio n o f t h e e a r n in g s b a s e u n d e r ly in g th e b e n e f i t s f o r r e c e n t r e tir e e s . P e r s o n a l in t e r e s t in c o m e in c r e a s e d $ 1 .4 b illio n in J a n u a r y , c o m p a r e d w ith a n in c r e a s e o f $ 1 .5 b i l l i o n in D e c e m b e r . P e r s o n a l d i v i d e n d in c o m e in c r e a s e d $ 2 .2 b illio n , c o m p a r e d w i t h a n in c r e a s e o f $ 2 .7 b illio n . R e n t a l i n c o m e o f p e r s o n s d e c r e a s e d $ 0 .9 b i llio n , in c o n tr a s t to a n in c r e a s e o f $ 2 .5 b i l l i o n . T h e c h a n g e s in r e n t a l in c o m e o f p e r s o n s r e f le c te d , in p a r t, th e p a tte r n o f s p e c ia lly a u th o r iz e d f e d e r a l a g r ic u ltu r a l s u b s id y p a y m e n t s to o w n e r s o f le a s e d f a r m la n d , w h ic h w e r e $ 0 .2 b i l l i o n in J a n u a r y , $ 1 .2 b i l l i o n i n D e c e m b e r , a n d $ 0 .1 b i l l i o n in N o v e m b e r . -4- P e r s o n a l c o n tr ib u tio n s f o r s o c ia l in s u r a n c e — a s u b tr a c ti o n in c a lc u la tin g p e r s o n a l in c o m e i n c r e a s e d $ 6 .5 b i l l i o n in J a n u a r y , c o m p a r e d w ith a n in c r e a s e o f $ 0 .6 b illio n in D e c e m b e r . T h e J a n u a r y in c r e a s e r e f l e c t e d th e e f f e c t o f a n in c r e a s e in th e s o c ia l s e c u r ity ta x a b l e w a g e b a s e f o r e m p lo y e e s a n d t h e s e lf - e m p lo y e d ( f r o m $ 7 6 ,2 0 0 to $ 8 0 ,4 0 0 ) , w h ic h a d d e d $ 2 .6 b i l l i o n to J a n u a r y p e r s o n a l c o n tr ib u tio n s f o r s o c ia l in s u r a n c e . T h e J a n u a r y in c r e a s e a ls o r e f l e c t e d th e e f f e c t o f a n in c r e a s e in th e m o n th ly p r e m i u m p a i d b y p a r t i c i p a n t s in th e s u p p le m e n ta r y m e d ic a l in s u r a n c e p r o g r a m ( M e d ic a r e B ) , w h ic h a d d e d $ 2 .0 b i llio n t o J a n u a r y p e r s o n a l c o n tr ib u tio n s . P e r s o n a l t a x e s a n d d is p o s a b le p e r s o n a l in c o m e P e r s o n a l ta x a n d n o n t a x p a y m e n t s in c r e a s e d $ 1 4 .6 b i llio n in J a n u a r y , c o m p a r e d w ith a n in c r e a s e o f $ 7 .3 b i l l i o n in D e c e m b e r . I n d e x a tio n p r o v i s i o n s o f c u r r e n t ta x la w r e d u c e d f e d e r a l in c o m e ta x p a y m e n t s b y $ 4 .4 b i l l i o n in J a n u a r y . D is p o s a b le p e r s o n a l in c o m e ( D P I ) — p e r s o n a l in c o m e le s s p e r s o n a l t a x a n d n o n t a x p a y m e n ts -in c r e a s e d $ 3 4 .2 b illio n , o r 0 .5 p e r c e n t, in J a n u a r y , c o m p a r e d w i t h a n in c r e a s e o f $ 2 8 .1 b illio n , o r 0 .4 p e r c e n t , in D e c e m b e r . P e r s o n a l o u t la y s a n d p e r s o n a l s a v in g P e r s o n a l o u tla y s — P C E , i n te r e s t p a i d b y p e r s o n s , a n d p e r s o n a l tr a n s f e r p a y m e n t s to th e r e s t o f t h e w o r l d ( n e t) - in c r e a s e d $ 4 7 .9 b i llio n in J a n u a r y , c o m p a r e d w ith a n in c r e a s e o f $ 2 6 .7 b i llio n in D e c e m b e r . P C E i n c r e a s e d $ 4 6 .9 b illio n , c o m p a r e d w ith a n in c r e a s e o f $ 2 6 .4 b illio n . P e r s o n a l s a v in g - - D P I le s s p e r s o n a l o u tla y s — w a s a n e g a t i v e $ 7 2 .3 b illio n in J a n u a r y , c o m p a r e d w i t h a n e g a t i v e $ 5 8 .7 b i l l i o n in D e c e m b e r . S a v in g f r o m c u r r e n t in c o m e m a y b e n e a r z e r o o r n e g a ti v e w h e n o u tla y s a r e f in a n c e d b y b o r r o w i n g ( i n c lu d in g b o r r o w i n g f in a n c e d t h r o u g h c r e d it c a r d s o r h o m e e q u ity lo a n s ) , b y s e llin g in v e s t m e n ts o r o t h e r a s s e ts , o r b y u s in g s a v in g s f r o m p r e v io u s p e r io d s . P e r s o n a l s a v in g a s a p e r c e n t a g e o f d is p o s a b le p e r s o n a l in c o m e w a s a n e g a t i v e 1 .0 p e r c e n t in J a n u a r y , c o m p a r e d w i t h a n e g a t i v e 0 .8 p e r c e n t in D e c e m b e r . R eal D P I and real P C E R e a l D P I — D P I a d ju s t e d to r e m o v e p r i c e c h a n g e s — i n c r e a s e d le s s th a n 0 .1 p e r c e n t in J a n u a r y , c o m p a r e d w i t h a n in c r e a s e o f 0 .2 p e r c e n t in D e c e m b e r . R e a l P C E — P C E a d ju s t e d to r e m o v e p r i c e c h a n g e s — i n c r e a s e d 0 .2 p e r c e n t in J a n u a r y , th e s a m e in c r e a s e a s in D e c e m b e r . P u r c h a s e s o f d u r a b le g o o d s i n c r e a s e d 1.8 p e r c e n t in J a n u a r y , in c o n tr a s t to a d e c r e a s e o f 1 .0 p e r c e n t in D e c e m b e r . P u r c h a s e s o f m o t o r v e h ic l e s a n d p a r ts a c c o u n te d f o r m o s t o f th e J a n u a r y i n c r e a s e a n d m o s t o f th e D e c e m b e r d e c r e a s e . P u r c h a s e s o f n o n d u r a b l e g o o d s i n c r e a s e d 0 .3 p e r c e n t in J a n u a r y , c o m p a r e d w ith a n in c r e a s e o f 0 .2 p e r c e n t in D e c e m b e r . P u r c h a s e s o f s e r v ic e s d e c r e a s e d 0 .2 p e r c e n t , in c o n tr a s t to a n in c r e a s e o f 0 .4 p e r c e n t. -5- R e v is io n s E s t i m a t e s h a v e b e e n r e v is e d f o r O c t o b e r t h r o u g h D e c e m b e r . C h a n g e s in p e r s o n a l in c o m e , c u r r e n t - d o l l a r a n d c h a in e d ( 1 9 9 6 ) d o l l a r D P I , a n d c u r r e n t- d o lla r a n d c h a i n e d ( 1 9 9 6 ) d o l l a r P C E f o r N o v e m b e r a n d D e c e m b e r — r e v i s e d a n d a s p u b l i s h e d in la s t m o n th 's r e l e a s e — a r e s h o w n b e lo w . R e v i s io n s f o r O c to b e r w e r e s m a ll. C h a n g e fr o m p r e c e d in g m o n th N ovem ber Previous R e vised (D ollars) D ecem b er Previous R evised P revious R evised (D ollars) (Percent) Previous R evised (Percent) P e r s o n a l In c o m e : C u rren t d o lla r s ....................... 0 .4 0 .4 2 8 .1 .4 .4 .2 .2 1 7 .8 1 4 .4 0 .2 0 .2 3 6 .6 3 5 .4 8 .4 5 .7 .1 .1 2 8 .8 D is p o s a b le p e r s o n a l in c o m e : C u rr en t d o lla r s ....................... - 6 .0 - 7 .9 - .1 - .1 1 4 .9 1 4 .2 C u rr en t d o lla r s ....................... 2 1 .9 1 9 .5 .3 .3 1 9 .4 2 6 .4 .3 .4 C h a in e d ( 1 9 9 6 ) d o lla r s ......... 6 .7 5 .2 .1 .1 6 .6 1 2 .9 .1 .2 C h a in e d ( 1 9 9 6 ) d o lla r s ......... P e r s o n a l c o n s u m p tio n e x p e n d itu r e s : - 6 - B E A ’s m a j o r n a tio n a l, in te r n a tio n a l, r e g io n a l, a n d in d u s tr y e s tim a te s ; th e S u r v e y o f C u r r e n t B u s in e s s : a n d B E A n e w s r e le a s e s a r e a v a il a b le w it h o u t c h a r g e o n B E A ’s W e b s ite : < w w w .b e a .d o c .g o v > S T A T - U S A m a in ta in s a n I n te r n e t s ite t h a t c o n ta i n s B E A e s tim a te s , t h e S u r v e y o f C u r r e n t B u s in e s s , a n d B E A n e w s r e le a s e s . T h e i n f o r m a t io n a v a il a b le t h r o u g h S T A T - U S A is o f te n m o r e d e t a i l e d a n d m o r e t im e ly th a n t h a t a v a il a b le f r o m o t h e r s o u r c e s . F o r in f o r m a t io n a b o u t S T A T - U S A , g o to < w w w .s ta t- u s a .g o v > , o r c a ll ( 2 0 2 ) 4 8 2 - 1 9 8 6 . S u b s c r ip tio n s f o r s i n g l e - u s e r u n lim it e d a c c e s s to S T A T - U S A 's I n t e r n e t i n f o r m a t io n a r e $ 7 5 .0 0 f o r 3 m o n th s o r $ 1 7 5 .0 0 f o r 1 y e a r . S u m m a r y B E A e s ti m a te s a r e a v a il a b le o n r e c o r d e d m e s s a g e s a t th e t i m e o f p u b lic r e le a s e a t th e f o ll o w i n g te le p h o n e n u m b e r s : (2 0 2 ) 6 0 6 -5 3 0 6 G r o s s d o m e s t ic p r o d u c t 6 0 6 -5 3 0 3 P e r s o n a l in c o m e a n d o u tla y s 6 0 6 -5 3 6 2 U .S . i n te r n a tio n a l tr a n s a c tio n s M o s t o f B E A ’s e s ti m a te s a n d a n a ly s e s a p p e a r i n th e S u r v e y o f C u r r e n t B u s i n e s s . B E A ’s m o n th ly j o u r n a l . S u b s c r ip tio n s a n d s in g le c o p ie s o f th e p r i n t e d S u r v e y a r e f o r s a le b y th e S u p e r in t e n d e n t o f D o c u m e n ts , U .S . G o v e r n m e n t P r in tin g O f f ic e . I n te r n e t: < b o o k s to r e .g p o .g o v > ; p h o n e : 2 0 2 - 5 1 2 - 1 8 0 0 ; fa x : 2 0 2 - 5 1 2 - 2 2 5 0 ; m a il: S to p S S O P , W a s h in g to n , D C 2 0 4 0 2 - 0 0 0 1 . * * * N e x t r e l e a s e — P e r s o n a l I n c o m e a n d O u tla y s f o r F e b r u a r y w ill b e r e l e a s e d o n M a r c h 3 0 , a t 8 :3 0 A .M . E S T . T able 1. -- Perso nal Incom e [Billions of dollars] Seasonally adjusted at annual rates 1999 2000 2000 /r/ Aug. Sep. Oct. Irl Nov. /r/ Dec. /r/ 2001 Jan. I p l P e r s o n a l in c o m e ................................................................... 7 ,7 8 9 .6 8 ,2 8 1 .0 8 ,3 2 6 .5 8 ,4 2 0 .6 8 ,4 0 5 .7 8,4 20.1 8 ,4 5 5 .5 8 ,5 0 4 .3 W age and salary disbursements............................. 4,470.0 3,745.6 4,769.1 4,797.8 4,032.5 1,158.8 4,827.8 4,060.8 1,163.2 4,858.9 4,091.3 1,173.4 4,872.9 4,105.5 1,177.0 4,881.0 4,112.4 1,168.4 4,916.3 4,138.3 1,180.3 819.7 820.3 1,129.0 Private industries.............................................. Gnods-producing industries.......................... 1,089.2 782.4 4,008.3 1,153.1 827.8 829.3 821.7 824.2 1,144.5 1,150.0 1,154.4 1,768.6 767.0 1,136.5 1,781.4 767.7 1,784.0 767.4 1,794.0 768.6 1,803.5 778.0 527.6 530.0 532.0 533.9 535.9 537.8 712.3 756.0 712.3 710.8 718.2 62.9 693.1 16.9 695.4 15.4 695.4 21.5 696.7 715.8 15.4 688.0 14.7 697.7 143.4 140.1 134.5 144.0 134.8 135.3 137.8 136.9 Personal dividend in c o m e ..................................... 370.3 396.6 399.6 402.2 404.7 407.1 409.8 412.0 Personal interest income........................................ 963.7 1,033.7 1,042.4 1,046.1 1,047.9 1,049.1 1,050.6 1,052.0 Transfer payments to persons................................ Old-age, survivors, disability, and health 1,016.2 1,067.7 1,074.9 1,079.1 1,082.0 1,078.6 1,090.3 1,108.3 insurance benefits....................................... 588.0 622.4 627.2 630.9 629.1 626.7 635.2 649.3 20.0 20.5 20.7 425.2 20.0 427.8 20.1 Other............................................................... 20.3 407.9 428.1 432.3 431.2 20.8 434.2 437.8 Less: Personal contributions for social insurance..... 338.5 360.7 362.6 364.6 366.7 367.6 368.2 374.7 Manufacturing.......................................... 815.9 1,107.1 Distributive industries.................................... Service industries....................... .................. G overnm ent..................................................... 1,020.3 1,636.0 1,748.1 1,113.2 1,760.5 724.4 760.8 765.3 Other labor income................................................ 501.0 524.0 Proprietors’ income with IVA and CCAdj.................. 663.5 Farm ........................... ..................................... Nonfarm ........................................ .................. 25.3 638.2 710.5 22.6 Rental income o f persons with CCAdj...................... Government unemployment insurance benefits.... p Preliminary, r Revised. 1VA Inventory valuation adjustment. CCAdj Capital consumption adjustment. Source: U .S. Department of Commerce, Bureau of Economic Analysis. 700.4 21.1 Table 2. - The D isp os itio n o f Personal Incom e [Billions of dollars] Seasonally adjusted at annual rates 1999 2000 /r/ 2000 Aug. Sep. Oct. M Nov. /r/ Dec. /r/ 2001 Jan. I p l P ersonal in c om e......................... ......... ............... . 7,789.6 8,281.0 8,326.5 8,420.6 8,405.7 8,420.1 8,455.5 8,504.3 Less: Personal tax and nontax payments................ 1,152.0 1,291.8 1,308.7 1,322.0 1,334.2 1,342.9 1,350.2 1,364.8 E quals: D ispos able personal in c om e.................. 6,637.7 6,989.3 7,017.8 7,098.6 7,071.5 7,077.2 7,105.3 7,139.5 Less: Personal outlays.............................. ............ 6,490.1 6,998.4 7,045.5 7,101.3 7,115.7 7,137.2 7,163.9 7,211.8 Personal consumption expenditures................... 6,268.7 6,757.3 6,801.2 6,856.2 6,868.6 6,888.1 6,914.5 6,961.4 interest paid by persons............ ........................ Personal transfer payments to the 194.8 212.0 214.8 215.6 217.3 219.3 219.8 220.7 rest o f the world (net).......... ......................... 26.6 29.0 29.5 29.5 29.7 29.7 29.7 29.7 E quals: P ersonal s a v in g ............ .......................... 147.6 -9.1 -27.7 -2.7 -44.2 -60.0 -58.7 -72.3 ..... ................ ....... 6,331.0 6,510.6 6,531.9 6,585.9 6,553.9 6,546.0 6,560.2 6,560.4 Per capita: Current dollars......................................... Chained (1996) dollars..... ....................... Population (thousands).......................... ...... 24,314 23,191 272,996 25,376 23,638 275,423 25,451 23,689 275,738 25,722 23,864 275,970 25,604 23,730 276,191 25,606 23,684 276,389 25,689 23,719 276,585 25,793 23,701 276,798 2.2 -0.1 -0.4 0.0 -0.6 -0.8 -0.8 -1.0 A ddenda: Disposable personal income: Chained (1996) dollars IM P ersonal s aving as a percentag e o f d is p o s a b le personal inc om e.................... p Preliminary, r Revised. 1. Disposable personal income in chained (1996) dollars equals the current-dollar figure divided by the implicit price deflator for personal consumption expenditures. Source: U .S. D epartment of Commerce, Bureau of Economic Analysis. Table 3. - Perso nal Incom e and Its D isp os itio n , C han ge From Preceding Period [Billions of dollars] Seasonally adjusted at annual rates * 1999 2000 2001 2000 Irl Aug. Sep. Oct. /r/ Nov. Irl Dec. Irl Jan. Ip l P ersonal in c o m e ........................................................ 398.6 491.3 26.5 94.1 -14.9 14.4 35.4 48.8 W age and salary disbursements.............................. Private industries................................................ Goods-producing industries............................ Manufacturing.......... ................................ Distributive industries..................................... Service industries.......................................... Government............................... ....................... 279.3 247.6 50.6 25.8 71.2 125.7 31.7 299.1 262.7 63.8 33.5 86.8 112.1 36.4 8.7 7.2 -3.4 -4.3 1.1 9.5 1.5 30.0 28.3 4.4 0.6 15.8 8.1 1.7 31.1 30.5 10.2 7.5 7.5 12.8 0.7 14.0 14.2 3.6 1.5 8.0 2.6 -0.3 8.1 6.9 -8.6 -7.6 5.5 10.0 1.2 35.3 25.9 11.9 2.5 4.4 9.5 9.4 Other labor income................................................. 15.5 23.0 2.5 2.4 2.0 1.9 2.0 1.9 Proprietors' income with IVA and CCAdj................... Farm................................................................. Nonfarm............................................................. 42.8 -0.1 43.0 47.0 -2.8 49.8 6.3 -2.8 9.2 43.7 48.2 -4.6 -43.7 -46.0 2.3 -1.5 -1.5 0.0 7.4 6.1 1.3 -2.4 -6.1 3.7 Rental income of persons with CCAdj....................... 8.0 -3.3 -1.5 9.5 -9.2 0.5 2.5 -0.9 19.2 26.3 2.4 2.6 2.5 2.4 2.7 2.2 Personal interest income.................. ...................... 22.9 70.0 2.4 3.7 1.8 1.2 1.5 1.4 Transfer payments to persons.................................. Old-age, survivors, disability, and health insurance benefits......................................... Government unemployment insurance benefits..... Other................................................................. 33.2 51.5 6.2 4.2 2.9 -3.4 11.7 18.0 10.0 0.8 22.5 34.4 -0.3 17.3 3.7 0.2 2.4 3.7 0.1 0.3 -1.8 0.4 4.2 -2.4 0.2 -1.1 8.5 0.1 3.0 14.1 0.3 3.6 Less: Personal contributions for social insurance........................................................... 22.3 22.2 0.5 2.0 2.1 0.9 0.6 6.5 Less: Personal tax and nontax payments....................... 81.1 139.8 15.1 13.3 12.2 8.7 7.3 14.6 Equals: Disposable personal income............................ 317.7 351.6 11.4 80.8 -27.1 5.7 28.1 34.2 Less: Personal outlays................................................. 435.4 508.3 28.2 55.8 14.4 21.5 26.7 47.9 Personal consumption expenditures........... ............. Interest paid by persons............................. ............ Personal transfer payments to the rest o f the world (net).......................................................... 417.8 15.0 488.7 17.2 26.0 2.1 55.0 0.8 12.4 1.7 19.5 2.0 26.4 0.5 46.9 0.9 2.6 2.4 0.0 0.0 0.2 0.0 0.0 0.0 Equals: Personal saving.......................... ..................... -117.8 -156.7 -16.8 25.0 -41.5 -15.8 1.3 -13.6 196.9 179.5 18.7 54.0 -32.0 -7.9 14.2 0.2 Addendum : Disposable personal income, chained (1996) dollars........................................ p Preliminary, r Revised. IVA Inventory valuation adjustment. CCAdj Capital consumption adjustment. Source: U.S. Department of Commerce, Bureau of Economic Analysis. T a b le 4 . -- P e rs o n a l C o n s u m p tio n E x p e n d itu re s b y M a jo r T y p e o f P ro d u c t Seasonally adjusted at annual rates 1999 2001 2000 2000 /r/ Sep. Aug. Oct. /r/ Nov. /r/ Billions of current dollars 6,801.2 6,856.2 6,868.6 Dec. Irl Jan. Ip l 6,961.4 6,268.7 6,757.3 6,888.1 6,914.5 761.3 820.5 821.1 835.8 825.8 816.0 807.7 823.5 Nondurable goods....................... ........ ............. 1,845.5 2,009.7 2,025.7 2,044.8 2,047.3 2,044.4 2,045.7 2,057.7 Services............................................. ..... ........ 3,661.9 3,927.2 3,954.3 3,975.6 3,995.5 4,027.8 4,061.0 4,080.1 5,978.8 6,294.4 6,330.3 6,360.9 6,365.9 6,371.1 6,384.0 6,396.7 Durable goods............................... ................... 817.8 896.2 900.2 916.5 907.1 896.1 886.9 902.8 Nondurable goods............. ................................ 1,779.4 1,868.7 1,885.4 1,885.4 1,888.2 1,883.6 1,887.4 1,893.6 Services........................................................... 3,390.8 3,544.1 3,559.4 3,575.8 3,585.5 3,604.0 3,620.3 3,613.7 104.85 107.36 107.45 107.80 107.91 108.13 108.32 108.84 93.09 91.54 91.20 91.18 91.02 91.05 91.05 91.20 Nondurable goods.................... .................. . 103.71 107.55 107.46 108.48 108.44 108.55 108.40 108.69 Services........................................ ............ . 107.99 110.81 111.10 111.19 111.44 111.77 112.18 112.92 105.11 106.79 106.87 107.03 107.12 107.36 107.53 107.87 Personal consumption expenditures........................ Durable goods............................ ................... . Billions of chained (1996) dollars Chain-type price indexes (Index numbers, 1996 = 100) Personal consumption expenditures..................... . Durable goods.......................... ........................ Addendum: Personal consumption expenditures less food and energy Change From Preceding Period Billions o f current dollars 417 8 488.7 26.0 55.0 12.4 19.5 26.4 46.9 Durable goods..................................... ............ 67.4 59.2 3.8 14.7 -10.0 -9.8 -8.3 15.8 Nondurable goods............................................. 137.9 164.2 1.8 19.1 2.5 -2.9 1.3 12.0 Services........................................................... 212.6 265.3 20.3 21.3 19.9 32.3 33.2 19.1 Billions of chained (1996) dollars Personal consumption expenditures.......... ............. 300.1 315.6 32.0 30.6 5.0 5.2 12.9 12.7 Durable goods.................................................. 90.5 78.4 7.4 16.3 -9.4 -11.0 -9.2 15.9 0.0 2.8 -4.6 3.8 6.2 16.4 9.7 18.5 16.3 -6.6 Nondurable goods............................. ............... 94.6 89.3 8.4 Services..................................................... ...... 121.4 153.3 16.7 T a b le 5 .-- P e rc e n t C h a n g e F ro m P re c e d in g P e rio d in S e le c te d S e rie s Based on current dollars Personal income.................................... ................ 5.4 6.3 0.3 1.1 -0.2 0.2 0.4 0.6 Disposable personal income................... ............ . 5.0 5.3 0.2 1.2 -0.4 0.1 0.4 0.5 Personal consumption expenditures................ ...... . 0.7 7.1 7.8 0.4 0.8 0.2 0.3 0.4 Durable goods............................. ............ . 9.7 7.8 0.5 1.8 -1.2 -1.2 -1.0 1.9 Nondurable goods.......... ................................ 8.1 8.9 0.1 0.9 0.1 -0.1 0.1 0.6 Services..... ................................. .................... 6.2 7.2 0.5 0.5 0.5 0.8 0.8 0.5 -0.1 0.2 0.0 0.2 Based on chained (1996) dollars Disposable personal income................... ............... Personal consumption expenditures......................... 3.2 2.8 0.3 0.8 -0.5 5.3 5.3 0.5 0.5 0.1 0.1 0.2 12.4 9.6 0.8 1.8 -1.0 -1.2 -1.0 1.8 Nondurable goods............................................. 5.6 5.0 0.5 0.0 0.2 -0.2 0.2 0.3 Services........... ................................................ 3.7 4.5 0.5 0.5 0.3 0.5 0.4 -0.2 Durable goods............................................... . p Preliminary, r Revised. Source: U.S. Department of Commerce, Bureau o f Economic Analysis.
@FedFRASER