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NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, TUESDAY, AUGUST 3, 2010 James Rankin: Kyle Brown: Kurt Kunze: (202) 606-5301 (202) 606-5302 (202) 606-9748 (Personal Income) (Personal Outlays) (Annual Revision) BEA 10-38 PERSONAL INCOME AND OUTLAYS: JUNE 2010 REVISED ESTIMATES: 2007 THROUGH MAY 2010 Personal income increased $3.0 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $5.1 billion, or less than 0.1 percent, in June, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $2.9 billion, or less than 0.1 percent. In May, personal income increased $40.5 billion, or 0.3 percent, DPI increased $36.9 billion, or 0.3 percent, and PCE increased $8.6 billion, or 0.1 percent, based on revised estimates. Real disposable income increased 0.2 percent in June, compared with an increase of 0.4 percent in May. Real PCE increased 0.1 percent, compared with an increase of 0.2 percent. 2010 Feb. Mar. Apr. May (Percent change from preceding month) Personal income, current dollars Disposable personal income: Current dollars Chained (2005) dollars Personal consumption expenditures: Current dollars Chained (2005) dollars June 0.1 0.4 0.4 0.3 0.0 0.1 0.1 0.4 0.3 0.5 0.5 0.3 0.4 0.0 0.2 0.5 0.4 0.5 0.3 -0.1 -0.1 0.1 0.2 0.0 0.1 ________________________ NOTE. - - Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified. Month-to-month dollar changes are differences between these published estimates. Month-to-month percent changes are calculated from unrounded data and are not annualized. “Real” estimates are in chained (2005) dollars. This news release is available on BEA’s Web site at www.bea.gov/newsreleases/rels.htm. -more- -2- Wages and salaries Private wage and salary disbursements decreased $5.2 billion in June, in contrast to an increase of $19.2 billion in May. Goods-producing industries' payrolls decreased $8.9 billion, in contrast to an increase of $10.4 billion; manufacturing payrolls decreased $6.0 billion, in contrast to an increase of $7.8 billion. Services-producing industries' payrolls increased $3.7 billion, compared with an increase of $8.8 billion. Government wage and salary disbursements decreased $0.6 billion, in contrast to an increase of $7.0 billion. The decline in the number of temporary workers for Census 2010 subtracted $3.4 billion at an annual rate from federal civilian payrolls in June; the hiring of additional temporary workers had added $5.7 billion at an annual rate in May. -more- -3- Other personal income Supplements to wages and salaries increased $1.9 billion in June, compared with an increase of $4.1 billion in May. Proprietors' income decreased $4.4 billion in June, in contrast to an increase of $2.2 billion in May. Farm proprietors' income increased $0.2 billion, the same increase as in May. Nonfarm proprietors' income decreased $4.7 billion in June, in contrast to an increase of $2.0 billion in May. Rental income of persons increased $1.8 billion in June, the same increase as in May. Personal income receipts on assets (personal interest income plus personal dividend income) increased $1.9 billion in June, compared with an increase of $4.1 billion in May. Personal current transfer receipts increased $7.2 billion, compared with an increase of $6.0 billion. Contributions for government social insurance -- a subtraction in calculating personal income -decreased $0.4 billion in June, in contrast to an increase of $3.8 billion in May. Personal current taxes and disposable personal income Personal current taxes decreased $2.0 billion in June, in contrast to an increase of $3.6 billion in May. Disposable personal income (DPI) -- personal income less personal current taxes -- increased $5.1 billion, or less than 0.1 percent, in June, compared with an increase of $36.9 billion, or 0.3 percent, in May. Personal outlays and personal saving Personal outlays -- PCE, personal interest payments, and personal current transfer payments -decreased $7.0 billion in June, in contrast to an increase of $4.6 billion in May. PCE decreased $2.9 billion, in contrast to an increase of $8.6 billion. Personal saving -- DPI less personal outlays -- was $725.9 billion in June, compared with $713.9 billion in May. Personal saving as a percentage of disposable personal income was 6.4 percent in June, compared with 6.3 percent in May. For a comparison of personal saving in BEA’s national income and product accounts with personal saving in the Federal Reserve Board’s flow of funds accounts and data on changes in net worth, go to http://www.bea.gov/national/nipaweb/Nipa-Frb.asp. -more- -4- Real DPI, real PCE and price index Real DPI -- DPI adjusted to remove price changes -- increased 0.2 percent in June, compared with an increase of 0.4 percent in May. Real PCE -- PCE adjusted to remove price changes -- increased 0.1 percent in June, compared with an increase of 0.2 percent in May. Purchases of durable goods increased 0.4 percent, in contrast to a decrease of less than 0.1 percent. Purchases of nondurable goods increased 0.1 percent, in contrast to a decrease of 0.2 percent. Purchases of services increased 0.1 percent, compared with an increase of 0.3 percent. PCE price index -- The price index for PCE decreased 0.1 percent in June, the same decrease as in May. The PCE price index, excluding food and energy, increased less than 0.1 percent in June, compared with an increase of 0.1 percent in May. Revisions of the Personal Income and Outlays Estimates Personal income, personal outlays, DPI, and personal saving are revised, beginning with January 2007, to reflect the results of the annual revision of the national income and products accounts (NIPAs) released last week. Annual revisions, which are usually released in July, incorporate source data that are more complete, more detailed, and otherwise more reliable than those previously published. Revised annual estimates of personal income and outlays for 2007-2009, are shown in table 12. Revised and previously published monthly estimates of personal income, DPI, PCE, personal saving as a percentage of DPI, real DPI, and real PCE are shown in table 13; revised and previously published annual and quarterly estimates are shown in table 14. Personal income was revised up for all 3 years: $18.2 billion, or 0.2 percent, for 2007; $152.3 billion, or 1.2 percent, for 2008; and $155.9 billion, or 1.3 percent, for 2009. For 2007, upward revisions to personal dividend income and to wages and salaries were partly offset by a downward revision to supplements to wages and salaries. For 2008, upward revisions to personal dividend income, to wages and salaries, to rental income of persons, and to supplements to wages and salaries were partly offset by a downward revision to nonfarm proprietors’ income. For 2009, upward revisions to personal dividend income, to supplements to wages and salaries, and to government social benefits to persons were partly offset by downward revisions to nonfarm proprietors’ income and to personal interest income. Disposable personal income (DPI) was revised up for all 3 years: $20.5 billion, or 0.2 percent, for 2007; $146.5 billion, or 1.4 percent, for 2008; and $117.6 billion, or 1.1 percent, for 2009. Personal current taxes was revised down $2.2 billion for 2007, was revised up $5.8 billion for 2008, and was revised up $38.3 billion for 2009. The percent change from the preceding year in real DPI was revised up from 2.2 percent to 2.3 percent for 2007, was revised up from 0.5 percent to 1.7 percent for 2008, and was revised down from 0.8 percent to 0.6 percent for 2009. -more- -5- Personal outlays was revised down for all 3 years: $15.4 billion for 2007, $15.0 billion for 2008, and $79.1 billion for 2009. For all 3 years, downward revisions to PCE more than accounted for the revision to personal outlays. The personal saving rate (personal saving as a percentage of DPI) was revised up for all 3 years: from 1.7 percent to 2.1 percent for 2007, from 2.7 percent to 4.1 percent for 2008, and from 4.2 percent to 5.9 percent for 2009. NOTE. -- BEA acknowledges the special efforts by the Bureau of Labor Statistics with the assistance of 16 state employment offices in providing preliminary data for the first quarter of 2010 from the quarterly census of employment and wages. Wage and salary data from the state employment offices of California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Kansas, Massachusetts, Missouri, North Carolina, New Jersey, New York, Ohio, Pennsylvania, and Texas were provided. These data should greatly improve the estimates of wages and salaries. Annual Revision of the National Income and Product Accounts The estimates released today reflect the results of the annual revision of the national income and product accounts, beginning with the estimates for January 2007. Annual revisions, which are usually released in July, incorporate source data that are more complete, more detailed, and otherwise more reliable than those previously available. This release includes revised estimates of monthly personal income, disposable personal income, and outlays and provides an overview of the effects of the revision. The August 2010 Survey will contain NIPA tables and an article describing the revisions. The revised estimates will be available on BEA’s Web site at www.bea.gov. BEA’s national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA’s Web site at www.bea.gov. By visiting the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements. * * * Next release -- August 30, 2010 at 8:30 A.M. EDT for Personal Income and Outlays for July. -more- Table 1. Personal Income and Its Disposition (Months)—Continues [Billions of dollars] Seasonally adjusted at annual rates 2006 December Personal income................................................................................................. Compensation of employees, received ........................................................ Wage and salary disbursements ............................................................... Private industries ...................................................................................... Goods-producing industries .................................................................. Manufacturing.................................................................................... Services-producing industries............................................................... Trade, transportation, and utilities...................................................... Other services-producing industries.................................................. Government .............................................................................................. Supplements to wages and salaries ......................................................... Employer contributions for employee pension and insurance funds ......... Employer contributions for government social insurance.......................... Proprietors’ income with inventory valuation and capital consumption adjustments................................................................................................. Farm ............................................................................................................. Nonfarm ........................................................................................................ Rental income of persons with capital consumption adjustment ............. Personal income receipts on assets............................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts ................................................................ Government social benefits to persons ........................................................ Old-age, survivors, disability, and health insurance benefits..................... Government unemployment insurance benefits........................................ Other ......................................................................................................... Other current transfer receipts, from business (net) ..................................... Less: Contributions for government social insurance, domestic ............. Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Less: Personal outlays ...................................................................................... Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ Personal interest payments 1 ............................................................................ Personal current transfer payments.................................................................. To government .............................................................................................. To the rest of the world (net) ......................................................................... Equals: Personal saving .................................................................................... Personal saving as a percentage of disposable personal income ............ Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ............................................................................................ Disposable personal income: Total, billions of chained (2005) dollars 2 ...................................................... Per capita: Current dollars .......................................................................................... Chained (2005) dollars.............................................................................. Population (midperiod, thousands) 3 ................................................................ 2007 January February March April May June July August September October 11,590.3 7,688.7 6,260.2 5,205.2 1,204.5 754.5 4,000.7 1,021.7 2,979.0 1,055.0 1,428.4 973.0 455.4 11,640.7 7,745.3 6,317.1 5,245.0 1,209.1 755.8 4,035.9 1,022.5 3,013.4 1,072.1 1,428.2 971.4 456.7 11,713.8 7,787.9 6,359.6 5,282.4 1,203.7 751.6 4,078.7 1,033.4 3,045.3 1,077.3 1,428.2 969.7 458.5 11,788.2 7,811.0 6,382.6 5,302.9 1,207.2 752.1 4,095.6 1,042.3 3,053.3 1,079.8 1,428.4 969.5 458.9 11,815.8 7,807.5 6,378.1 5,297.3 1,214.4 755.8 4,083.0 1,044.3 3,038.7 1,080.7 1,429.4 971.5 457.9 11,843.0 7,805.6 6,374.7 5,292.5 1,210.4 751.4 4,082.1 1,045.0 3,037.1 1,082.2 1,430.9 974.1 456.9 11,858.1 7,830.0 6,395.6 5,310.6 1,208.2 747.6 4,102.4 1,050.7 3,051.8 1,085.0 1,434.4 976.9 457.5 11,906.9 7,849.5 6,411.9 5,324.3 1,210.5 749.6 4,113.8 1,046.1 3,067.8 1,087.5 1,437.6 979.2 458.4 11,931.9 7,851.2 6,411.5 5,319.0 1,202.9 743.7 4,116.2 1,039.8 3,076.4 1,092.5 1,439.6 981.9 457.7 12,024.5 7,905.0 6,459.3 5,361.6 1,217.4 751.6 4,144.2 1,045.2 3,099.0 1,097.7 1,445.7 984.8 460.9 12,065.1 7,926.4 6,475.0 5,374.9 1,212.2 746.3 4,162.7 1,052.6 3,110.1 1,100.2 1,451.3 989.4 462.0 1,146.8 33.9 1,112.9 126.8 1,914.3 1,154.9 759.4 1,653.7 1,629.2 975.5 30.4 623.4 24.5 940.0 1,415.2 10,175.2 9,927.5 9,551.0 3,287.3 1,150.5 2,136.8 6,263.7 242.9 133.7 78.9 54.8 247.6 2.4 1,105.1 35.8 1,069.3 121.2 1,924.4 1,181.6 742.7 1,694.8 1,668.6 985.5 32.6 650.5 26.2 950.0 1,442.5 10,198.2 9,971.6 9,588.2 3,279.1 1,148.7 2,130.4 6,309.1 245.9 137.4 79.8 57.6 226.7 2.2 1,103.8 36.6 1,067.3 120.7 1,952.1 1,205.5 746.6 1,703.7 1,677.1 988.3 32.4 656.5 26.6 954.4 1,460.9 10,252.9 10,014.5 9,631.3 3,284.5 1,148.5 2,136.0 6,346.9 245.4 137.7 80.1 57.6 238.5 2.3 1,100.1 36.2 1,063.9 125.4 2,001.1 1,229.0 772.1 1,706.4 1,679.0 993.5 29.0 656.6 27.4 955.9 1,472.8 10,315.3 10,058.7 9,678.9 3,317.8 1,152.3 2,165.5 6,361.1 241.8 138.0 80.4 57.6 256.6 2.5 1,092.7 34.9 1,057.9 134.6 2,037.7 1,238.5 799.2 1,697.8 1,669.3 992.9 31.9 644.5 28.5 954.5 1,475.6 10,340.2 10,110.8 9,720.2 3,323.5 1,150.5 2,173.0 6,396.7 251.1 139.5 80.9 58.6 229.4 2.2 1,089.6 33.9 1,055.7 140.5 2,060.2 1,248.6 811.6 1,700.2 1,670.7 1,001.2 30.9 638.5 29.6 953.1 1,479.1 10,363.9 10,164.3 9,763.8 3,361.6 1,171.0 2,190.6 6,402.2 260.5 140.0 81.4 58.6 199.6 1.9 1,087.8 33.4 1,054.3 144.4 2,053.2 1,258.5 794.7 1,697.7 1,667.2 1,001.4 28.9 636.9 30.5 955.0 1,486.4 10,371.7 10,186.4 9,775.7 3,345.0 1,154.6 2,190.5 6,430.6 270.2 140.5 81.9 58.6 185.3 1.8 1,084.6 33.4 1,051.2 143.2 2,077.7 1,274.5 803.2 1,709.0 1,677.8 1,000.5 33.8 643.5 31.2 957.2 1,493.3 10,413.6 10,225.0 9,810.2 3,364.2 1,152.7 2,211.5 6,446.0 272.4 142.4 82.5 60.0 188.6 1.8 1,077.2 34.6 1,042.6 145.8 2,098.0 1,291.4 806.5 1,716.1 1,684.1 1,006.3 30.7 647.1 32.0 956.3 1,495.0 10,436.9 10,262.7 9,846.1 3,352.5 1,159.9 2,192.6 6,493.6 273.7 143.0 83.0 60.0 174.2 1.7 1,076.0 37.0 1,039.0 151.5 2,120.4 1,308.9 811.5 1,734.3 1,701.6 1,014.6 33.9 653.1 32.7 962.7 1,504.2 10,520.2 10,313.9 9,896.2 3,392.6 1,176.9 2,215.6 6,503.7 274.1 143.6 83.6 60.0 206.4 2.0 1,079.9 40.5 1,039.4 159.5 2,122.7 1,312.7 810.1 1,741.6 1,708.2 1,010.3 34.7 663.3 33.3 965.0 1,506.6 10,558.5 10,337.9 9,924.8 3,396.1 1,174.7 2,221.4 6,528.7 267.7 145.4 84.2 61.2 220.6 2.1 9,591.3 9,571.3 9,598.1 9,628.3 9,640.8 9,636.4 9,638.1 9,656.1 9,664.8 9,697.2 9,701.0 9,821.6 9,814.1 9,830.9 9,851.3 9,852.5 9,846.5 9,838.6 9,860.4 9,874.0 9,914.0 9,921.8 33,866 32,689 300,457 33,916 32,639 300,688 34,073 32,670 300,912 34,254 32,714 301,138 34,311 32,693 301,369 34,362 32,646 301,611 34,358 32,592 301,871 34,467 32,636 302,135 34,513 32,651 302,407 34,757 32,754 302,677 34,855 32,753 302,930 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 1. Personal Income and Its Disposition (Months)—Continues [Billions of dollars] Seasonally adjusted at annual rates 2007 2008 November December Personal income................................................................................................. Compensation of employees, received ........................................................ Wage and salary disbursements ............................................................... Private industries ...................................................................................... Goods-producing industries .................................................................. Manufacturing.................................................................................... Services-producing industries............................................................... Trade, transportation, and utilities...................................................... Other services-producing industries.................................................. Government .............................................................................................. Supplements to wages and salaries ......................................................... Employer contributions for employee pension and insurance funds ......... Employer contributions for government social insurance.......................... Proprietors’ income with inventory valuation and capital consumption adjustments................................................................................................. Farm ............................................................................................................. Nonfarm ........................................................................................................ Rental income of persons with capital consumption adjustment ............. Personal income receipts on assets............................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts ................................................................ Government social benefits to persons ........................................................ Old-age, survivors, disability, and health insurance benefits..................... Government unemployment insurance benefits........................................ Other ......................................................................................................... Other current transfer receipts, from business (net) ..................................... Less: Contributions for government social insurance, domestic ............. Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Less: Personal outlays ...................................................................................... Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ Personal interest payments 1 ............................................................................ Personal current transfer payments.................................................................. To government .............................................................................................. To the rest of the world (net) ......................................................................... Equals: Personal saving .................................................................................... Personal saving as a percentage of disposable personal income ............ Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ............................................................................................ Disposable personal income: Total, billions of chained (2005) dollars 2 ...................................................... Per capita: Current dollars .......................................................................................... Chained (2005) dollars.............................................................................. Population (midperiod, thousands) 3 ................................................................ January February March April May June July August September 12,132.0 7,984.2 6,523.9 5,419.8 1,227.8 757.4 4,192.0 1,059.6 3,132.4 1,104.0 1,460.4 995.3 465.1 12,227.2 8,042.3 6,571.3 5,462.0 1,237.4 763.6 4,224.7 1,060.5 3,164.1 1,109.3 1,471.0 1,002.3 468.7 12,258.0 8,063.6 6,583.1 5,460.9 1,225.4 752.6 4,235.5 1,059.6 3,175.9 1,122.2 1,480.5 1,010.7 469.8 12,294.0 8,077.2 6,590.4 5,463.1 1,218.3 746.7 4,244.7 1,061.5 3,183.2 1,127.4 1,486.8 1,016.3 470.5 12,349.2 8,105.7 6,614.3 5,482.8 1,233.8 755.6 4,249.0 1,062.0 3,187.0 1,131.5 1,491.4 1,018.9 472.5 12,336.5 8,076.6 6,579.6 5,445.0 1,216.6 744.1 4,228.4 1,057.7 3,170.7 1,134.6 1,497.0 1,026.7 470.4 12,522.1 8,074.4 6,572.4 5,434.6 1,223.7 750.4 4,210.9 1,054.4 3,156.5 1,137.8 1,502.0 1,031.9 470.1 12,524.1 8,081.0 6,573.2 5,431.0 1,227.1 757.4 4,203.9 1,054.4 3,149.5 1,142.2 1,507.7 1,037.1 470.6 12,409.7 8,071.6 6,560.9 5,414.0 1,210.5 746.4 4,203.5 1,052.2 3,151.3 1,146.9 1,510.7 1,040.7 470.0 12,462.6 8,092.6 6,576.8 5,426.0 1,209.3 745.5 4,216.6 1,053.7 3,162.9 1,150.8 1,515.8 1,044.0 471.8 12,468.9 8,084.6 6,565.9 5,410.9 1,198.9 737.0 4,212.0 1,050.0 3,162.0 1,155.0 1,518.7 1,046.9 471.8 1,087.8 45.4 1,042.4 166.4 2,116.4 1,315.2 801.3 1,748.6 1,714.7 1,014.6 32.8 667.3 33.9 971.5 1,517.3 10,614.7 10,409.3 9,998.9 3,431.5 1,166.6 2,264.9 6,567.4 264.3 146.1 84.9 61.2 205.3 1.9 1,099.7 51.6 1,048.1 171.8 2,120.4 1,317.3 803.1 1,771.3 1,736.8 1,029.4 36.6 670.9 34.5 978.3 1,530.2 10,697.0 10,452.0 10,041.5 3,443.8 1,156.7 2,287.1 6,597.7 263.7 146.8 85.6 61.2 245.0 2.3 1,099.0 59.0 1,040.0 176.5 2,122.2 1,315.5 806.7 1,782.6 1,747.4 1,037.7 35.0 674.7 35.1 985.9 1,528.9 10,729.1 10,467.2 10,054.9 3,426.6 1,143.5 2,283.0 6,628.3 262.7 149.6 86.4 63.2 261.9 2.4 1,104.4 62.2 1,042.3 181.8 2,128.5 1,313.6 814.9 1,789.6 1,753.8 1,041.9 34.8 677.1 35.7 987.5 1,535.4 10,758.6 10,455.0 10,044.8 3,390.1 1,127.3 2,262.8 6,654.7 259.9 150.3 87.1 63.2 303.6 2.8 1,118.4 60.9 1,057.5 189.0 2,120.1 1,311.9 808.3 1,807.3 1,771.1 1,054.4 37.1 679.7 36.2 991.4 1,543.2 10,806.0 10,503.6 10,097.5 3,429.4 1,122.4 2,307.1 6,668.1 255.1 151.0 87.8 63.2 302.4 2.8 1,114.8 55.3 1,059.5 196.5 2,118.2 1,315.1 803.1 1,817.9 1,781.5 1,054.1 36.9 690.5 36.5 987.6 1,523.3 10,813.2 10,547.7 10,138.8 3,435.4 1,120.8 2,314.7 6,703.4 253.5 155.3 88.4 66.9 265.5 2.5 1,116.1 51.9 1,064.1 205.5 2,111.9 1,315.6 796.3 2,001.6 1,964.9 1,062.6 35.7 866.6 36.7 987.3 1,130.3 11,391.8 10,584.1 10,175.7 3,452.7 1,120.8 2,331.9 6,723.0 252.5 155.9 89.0 66.9 807.6 7.1 1,117.5 50.8 1,066.7 216.0 2,114.1 1,315.1 799.0 1,983.8 1,946.9 1,065.6 40.1 841.1 36.9 988.3 1,341.3 11,182.8 10,642.9 10,234.5 3,487.9 1,109.8 2,378.2 6,746.6 251.9 156.5 89.6 66.9 539.9 4.8 1,117.7 51.9 1,065.8 226.8 2,125.8 1,325.4 800.4 1,855.2 1,818.1 1,073.4 44.5 700.2 37.1 987.3 1,350.4 11,059.3 10,638.5 10,230.6 3,479.1 1,085.0 2,394.1 6,751.5 250.5 157.5 90.2 67.3 420.7 3.8 1,117.1 51.1 1,066.0 237.2 2,131.2 1,334.4 796.8 1,875.1 1,837.9 1,076.4 60.6 700.9 37.2 990.7 1,493.4 10,969.2 10,616.1 10,209.7 3,469.9 1,096.8 2,373.1 6,739.8 248.4 158.0 90.7 67.3 353.1 3.2 1,099.8 48.4 1,051.4 247.4 2,132.3 1,342.3 790.0 1,895.3 1,858.1 1,080.8 69.2 708.1 37.2 990.5 1,483.4 10,985.6 10,569.3 10,165.6 3,401.1 1,058.7 2,342.4 6,764.5 245.2 158.5 91.2 67.3 416.3 3.8 9,704.2 9,741.5 9,730.6 9,736.0 9,732.5 9,681.4 9,643.0 9,598.3 9,560.5 9,598.9 9,576.5 9,920.4 9,966.2 9,966.3 9,971.5 9,976.4 9,952.5 10,441.6 10,183.4 10,017.7 9,944.9 9,949.6 35,012 32,722 303,171 35,257 32,849 303,397 35,338 32,826 303,609 35,412 32,822 303,809 35,545 32,816 304,012 35,544 32,715 304,220 37,419 34,298 304,439 36,704 33,424 304,677 36,269 32,854 304,921 35,944 32,587 305,177 35,967 32,576 305,431 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 1. Personal Income and Its Disposition (Months)—Continues [Billions of dollars] Seasonally adjusted at annual rates 2008 October Personal income................................................................................................. Compensation of employees, received ........................................................ Wage and salary disbursements ............................................................... Private industries ...................................................................................... Goods-producing industries .................................................................. Manufacturing.................................................................................... Services-producing industries............................................................... Trade, transportation, and utilities...................................................... Other services-producing industries.................................................. Government .............................................................................................. Supplements to wages and salaries ......................................................... Employer contributions for employee pension and insurance funds ......... Employer contributions for government social insurance.......................... Proprietors’ income with inventory valuation and capital consumption adjustments................................................................................................. Farm ............................................................................................................. Nonfarm ........................................................................................................ Rental income of persons with capital consumption adjustment ............. Personal income receipts on assets............................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts ................................................................ Government social benefits to persons ........................................................ Old-age, survivors, disability, and health insurance benefits..................... Government unemployment insurance benefits........................................ Other ......................................................................................................... Other current transfer receipts, from business (net) ..................................... Less: Contributions for government social insurance, domestic ............. Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Less: Personal outlays ...................................................................................... Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ Personal interest payments 1 ............................................................................ Personal current transfer payments.................................................................. To government .............................................................................................. To the rest of the world (net) ......................................................................... Equals: Personal saving .................................................................................... Personal saving as a percentage of disposable personal income ............ Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ............................................................................................ Disposable personal income: Total, billions of chained (2005) dollars 2 ...................................................... Per capita: Current dollars .......................................................................................... Chained (2005) dollars.............................................................................. Population (midperiod, thousands) 3 ................................................................ 2009 November December January February March April May June July August 12,435.0 8,087.4 6,564.1 5,405.2 1,192.2 730.0 4,213.1 1,049.7 3,163.3 1,158.8 1,523.4 1,051.5 471.8 12,376.1 8,046.1 6,520.4 5,359.7 1,186.5 726.9 4,173.2 1,036.8 3,136.4 1,160.7 1,525.7 1,056.2 469.5 12,257.7 7,928.7 6,407.3 5,247.7 1,149.2 702.0 4,098.5 1,018.5 3,079.9 1,159.7 1,521.3 1,058.7 462.6 12,160.2 7,825.9 6,307.3 5,139.1 1,118.5 685.9 4,020.7 1,008.4 3,012.3 1,168.2 1,518.6 1,058.7 459.9 12,072.2 7,764.7 6,248.2 5,081.2 1,101.9 681.3 3,979.4 996.7 2,982.6 1,167.0 1,516.5 1,060.0 456.5 12,047.3 7,742.4 6,224.6 5,057.0 1,080.2 668.7 3,976.8 985.8 2,991.0 1,167.6 1,517.9 1,062.0 455.8 12,110.5 7,803.0 6,276.9 5,103.3 1,072.1 665.6 4,031.3 988.5 3,042.7 1,173.5 1,526.2 1,066.3 459.9 12,310.8 7,834.7 6,301.8 5,125.2 1,064.3 660.2 4,060.9 994.5 3,066.4 1,176.6 1,532.9 1,070.3 462.6 12,189.0 7,819.4 6,284.3 5,105.7 1,052.5 651.5 4,053.2 986.7 3,066.5 1,178.6 1,535.1 1,073.1 462.0 12,148.3 7,793.1 6,259.6 5,082.8 1,045.7 647.7 4,037.1 982.6 3,054.4 1,176.8 1,533.5 1,073.4 460.1 12,173.8 7,810.1 6,274.5 5,098.0 1,050.9 651.8 4,047.2 988.8 3,058.4 1,176.4 1,535.7 1,073.9 461.8 1,088.6 43.7 1,044.8 258.2 2,096.4 1,312.8 783.6 1,895.4 1,858.2 1,083.9 61.8 712.5 37.2 991.0 1,468.8 10,966.2 10,471.2 10,084.7 3,311.9 1,018.9 2,292.9 6,772.9 233.8 152.7 91.6 61.1 495.1 4.5 1,076.4 39.4 1,037.0 263.4 2,069.8 1,294.7 775.1 1,906.7 1,869.5 1,089.1 67.6 712.8 37.2 986.4 1,443.9 10,932.2 10,338.1 9,960.6 3,184.1 1,009.0 2,175.1 6,776.4 224.4 153.1 92.0 61.1 594.1 5.4 1,054.0 35.4 1,018.7 266.3 2,041.0 1,280.3 760.8 1,940.5 1,903.5 1,099.6 85.0 718.9 37.0 972.9 1,416.2 10,841.5 10,226.8 9,856.4 3,086.0 988.7 2,097.2 6,770.4 216.9 153.5 92.4 61.1 614.7 5.7 1,036.0 31.6 1,004.4 264.4 2,006.6 1,260.4 746.2 1,996.5 1,959.8 1,131.6 86.0 742.2 36.7 969.2 1,247.9 10,912.4 10,298.2 9,920.8 3,151.4 1,019.5 2,131.9 6,769.4 219.2 158.2 92.7 65.4 614.2 5.6 1,017.1 29.2 987.9 264.5 1,970.6 1,240.6 730.0 2,017.8 1,981.4 1,138.7 94.9 747.8 36.5 962.5 1,216.0 10,856.2 10,310.4 9,931.4 3,178.7 1,017.8 2,160.9 6,752.7 220.4 158.5 93.1 65.4 545.8 5.0 1,002.9 28.1 974.8 265.1 1,941.1 1,220.5 720.5 2,056.7 2,020.4 1,145.4 113.7 761.3 36.3 960.9 1,176.4 10,870.9 10,266.3 9,886.7 3,145.1 999.4 2,145.7 6,741.6 220.7 158.9 93.4 65.4 604.6 5.6 1,001.0 28.3 972.7 266.7 1,927.4 1,225.1 702.3 2,081.2 2,045.0 1,154.7 112.4 778.0 36.2 968.8 1,121.3 10,989.1 10,268.3 9,890.7 3,143.3 993.1 2,150.2 6,747.4 219.1 158.5 93.9 64.6 720.9 6.6 999.7 28.1 971.6 269.1 1,925.5 1,229.6 695.9 2,255.5 2,219.4 1,153.2 127.2 939.0 36.1 973.6 1,110.6 11,200.2 10,284.3 9,907.2 3,167.6 1,006.8 2,160.8 6,739.6 218.2 158.9 94.3 64.6 915.9 8.2 1,000.9 27.6 973.3 272.4 1,924.8 1,233.9 690.9 2,143.8 2,107.8 1,166.8 143.7 797.4 36.0 972.3 1,105.4 11,083.5 10,339.7 9,962.4 3,215.2 1,014.0 2,201.2 6,747.2 218.0 159.3 94.7 64.6 743.8 6.7 1,003.2 26.7 976.5 276.5 1,905.4 1,223.0 682.4 2,139.4 2,103.5 1,166.8 135.7 801.1 35.9 969.2 1,112.2 11,036.1 10,364.6 9,983.1 3,232.3 1,030.0 2,202.3 6,750.8 220.0 161.4 95.1 66.3 671.6 6.1 1,007.9 27.5 980.4 279.4 1,889.3 1,213.2 676.2 2,159.3 2,123.5 1,166.6 150.7 806.2 35.8 972.2 1,120.4 11,053.4 10,485.2 10,102.1 3,336.6 1,097.2 2,239.4 6,765.5 221.2 161.9 95.6 66.3 568.2 5.1 9,601.3 9,651.2 9,556.6 9,400.6 9,274.5 9,221.3 9,242.3 9,254.3 9,194.2 9,154.8 9,132.8 9,989.9 10,077.9 10,042.2 10,093.0 10,014.1 10,033.9 10,126.8 10,307.9 10,144.5 10,094.4 10,080.2 35,876 32,682 305,670 35,738 32,946 305,895 35,417 32,806 306,106 35,626 32,951 306,305 35,421 32,673 306,495 35,446 32,717 306,688 35,809 32,999 306,885 36,471 33,566 307,095 36,065 33,009 307,323 35,883 32,821 307,562 35,909 32,748 307,815 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 1. Personal Income and Its Disposition (Months)—Table Ends [Billions of dollars] Seasonally adjusted at annual rates 2009 September Personal income................................................................................................. Compensation of employees, received ........................................................ Wage and salary disbursements ............................................................... Private industries ...................................................................................... Goods-producing industries .................................................................. Manufacturing.................................................................................... Services-producing industries............................................................... Trade, transportation, and utilities...................................................... Other services-producing industries.................................................. Government .............................................................................................. Supplements to wages and salaries ......................................................... Employer contributions for employee pension and insurance funds ......... Employer contributions for government social insurance.......................... Proprietors’ income with inventory valuation and capital consumption adjustments................................................................................................. Farm ............................................................................................................. Nonfarm ........................................................................................................ Rental income of persons with capital consumption adjustment ............. Personal income receipts on assets............................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts ................................................................ Government social benefits to persons ........................................................ Old-age, survivors, disability, and health insurance benefits..................... Government unemployment insurance benefits........................................ Other ......................................................................................................... Other current transfer receipts, from business (net) ..................................... Less: Contributions for government social insurance, domestic ............. Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Less: Personal outlays ...................................................................................... Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ Personal interest payments 1 ............................................................................ Personal current transfer payments.................................................................. To government .............................................................................................. To the rest of the world (net) ......................................................................... Equals: Personal saving .................................................................................... Personal saving as a percentage of disposable personal income ............ Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ............................................................................................ Disposable personal income: Total, billions of chained (2005) dollars 2 ...................................................... Per capita: Current dollars .......................................................................................... Chained (2005) dollars.............................................................................. Population (midperiod, thousands) 3 ................................................................ October 2010 November December January February March April May June p 12,169.7 7,792.9 6,257.6 5,084.1 1,043.5 649.7 4,040.6 989.4 3,051.2 1,173.5 1,535.2 1,074.7 460.6 12,178.7 7,813.1 6,272.1 5,097.2 1,040.8 652.0 4,056.4 988.9 3,067.6 1,174.8 1,541.1 1,079.7 461.4 12,237.4 7,838.7 6,291.2 5,116.2 1,050.5 662.3 4,065.7 988.2 3,077.5 1,175.1 1,547.5 1,084.1 463.4 12,300.7 7,842.4 6,291.5 5,116.7 1,046.9 660.6 4,069.8 987.6 3,082.2 1,174.8 1,550.9 1,088.1 462.8 12,332.8 7,864.7 6,300.4 5,116.7 1,040.4 657.9 4,076.3 989.4 3,086.8 1,183.7 1,564.3 1,093.1 471.2 12,349.0 7,864.5 6,297.5 5,112.3 1,032.9 654.2 4,079.4 988.6 3,090.9 1,185.2 1,567.0 1,095.8 471.2 12,403.5 7,884.5 6,313.2 5,125.6 1,035.0 655.2 4,090.6 992.3 3,098.3 1,187.6 1,571.3 1,098.5 472.8 12,457.7 7,915.7 6,340.6 5,150.5 1,040.4 658.9 4,110.1 998.5 3,111.6 1,190.1 1,575.0 1,100.6 474.4 12,498.2 7,945.9 6,366.8 5,169.7 1,050.8 666.7 4,118.9 1,001.0 3,117.9 1,197.1 1,579.1 1,102.8 476.3 12,501.2 7,942.0 6,361.0 5,164.5 1,041.9 660.7 4,122.6 998.4 3,124.2 1,196.5 1,581.0 1,104.9 476.1 1,008.3 29.9 978.4 281.5 1,878.5 1,203.7 674.8 2,179.0 2,143.2 1,184.2 148.6 810.4 35.8 970.4 1,118.3 11,051.4 10,420.9 10,037.0 3,259.5 1,008.2 2,251.3 6,777.5 221.6 162.3 96.0 66.3 630.5 5.7 1,015.7 34.0 981.8 283.0 1,870.7 1,197.0 673.7 2,168.6 2,132.8 1,183.3 135.9 813.5 35.8 972.5 1,117.1 11,061.5 10,478.4 10,098.0 3,289.3 1,031.8 2,257.5 6,808.7 214.5 165.9 96.5 69.5 583.1 5.3 1,025.2 36.7 988.5 283.0 1,880.8 1,203.7 677.1 2,185.7 2,149.9 1,184.7 144.3 820.9 35.8 976.0 1,117.8 11,119.6 10,502.3 10,128.2 3,322.6 1,048.2 2,274.4 6,805.6 207.7 166.4 96.9 69.5 617.4 5.6 1,025.3 38.0 987.3 282.3 1,915.9 1,216.6 699.3 2,210.5 2,174.7 1,198.4 150.1 826.2 35.8 975.8 1,116.8 11,183.9 10,536.4 10,168.4 3,327.0 1,051.8 2,275.2 6,841.4 201.1 166.9 97.4 69.5 647.5 5.8 1,027.0 37.4 989.7 287.4 1,913.3 1,212.6 700.7 2,228.7 2,192.1 1,187.3 143.3 861.6 36.6 988.5 1,134.7 11,198.1 10,554.0 10,182.8 3,346.8 1,041.0 2,305.8 6,836.1 202.5 168.7 97.9 70.7 644.1 5.8 1,028.0 36.8 991.2 292.5 1,916.1 1,208.7 707.4 2,236.3 2,199.7 1,190.7 138.2 870.8 36.6 988.5 1,135.8 11,213.2 10,602.9 10,229.9 3,375.3 1,052.2 2,323.1 6,854.6 203.8 169.2 98.5 70.7 610.3 5.4 1,037.2 36.2 1,001.0 298.0 1,903.8 1,204.7 699.0 2,271.4 2,234.7 1,195.9 156.8 882.1 36.7 991.4 1,140.0 11,263.6 10,654.6 10,279.7 3,417.9 1,089.0 2,328.9 6,861.8 205.2 169.7 99.0 70.7 609.0 5.4 1,049.5 36.4 1,013.1 299.1 1,911.9 1,205.3 706.5 2,276.5 2,239.8 1,207.5 137.2 895.0 36.7 994.9 1,136.3 11,321.3 10,639.8 10,268.8 3,395.8 1,077.4 2,318.4 6,873.0 200.5 170.5 99.5 71.0 681.5 6.0 1,051.7 36.6 1,015.1 300.9 1,916.0 1,206.0 710.0 2,282.5 2,245.5 1,208.2 137.1 900.2 37.0 998.7 1,139.9 11,358.2 10,644.4 10,277.4 3,372.2 1,074.6 2,297.6 6,905.2 195.9 171.1 100.1 71.0 713.9 6.3 1,047.3 36.8 1,010.4 302.7 1,917.9 1,206.6 711.3 2,289.7 2,252.5 1,208.6 136.0 907.8 37.2 998.3 1,137.9 11,363.3 10,637.4 10,274.5 3,363.8 1,075.2 2,288.6 6,910.7 191.2 171.6 100.6 71.0 725.9 6.4 9,098.7 9,091.2 9,108.9 9,128.6 9,118.2 9,122.4 9,125.6 9,170.5 9,208.4 9,217.8 10,064.7 10,046.2 10,076.7 10,118.1 10,105.5 10,115.2 10,144.7 10,197.5 10,238.2 10,257.5 35,873 32,670 308,068 35,879 32,585 308,304 36,041 32,661 308,526 36,225 32,773 308,733 36,248 32,711 308,930 36,275 32,723 309,119 36,415 32,798 309,312 36,578 32,947 309,509 36,673 33,057 309,718 36,663 33,095 309,942 p Preliminary 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 2. Personal Income and Its Disposition (Years and Quarters)—Continues [Billions of dollars] Seasonally adjusted at annual rates 2006 2007 2008 2009 2006 11,268.1 7,475.7 6,068.9 5,033.7 1,176.0 738.7 3,857.8 996.0 2,861.8 1,035.2 1,406.9 960.1 446.7 11,912.3 7,862.2 6,421.7 5,332.7 1,213.4 752.2 4,119.3 1,045.2 3,074.1 1,089.0 1,440.4 980.5 459.9 12,391.1 8,065.8 6,559.0 5,415.1 1,207.6 741.2 4,207.4 1,050.9 3,156.6 1,144.0 1,506.8 1,036.6 470.1 12,174.9 7,806.7 6,274.1 5,100.5 1,064.0 661.5 4,036.6 990.5 3,046.1 1,173.6 1,532.6 1,072.0 460.6 11,504.8 7,625.3 6,202.6 5,150.4 1,192.5 746.5 3,957.9 1,014.3 2,943.6 1,052.3 1,422.6 970.4 452.2 11,714.3 7,781.4 6,353.1 5,276.8 1,206.7 753.2 4,070.1 1,032.7 3,037.3 1,076.4 1,428.3 970.2 458.0 11,839.0 7,814.4 6,382.8 5,300.1 1,211.0 751.6 4,089.2 1,046.6 3,042.5 1,082.7 1,431.6 974.2 457.4 11,954.4 7,868.5 6,427.6 5,335.0 1,210.2 748.3 4,124.7 1,043.7 3,081.0 1,092.6 1,441.0 982.0 459.0 12,141.4 7,984.3 6,523.4 5,418.9 1,225.8 755.8 4,193.1 1,057.6 3,135.5 1,104.5 1,460.9 995.6 465.2 1,133.0 29.3 1,103.6 146.5 1,829.7 1,127.5 702.2 1,605.0 1,583.6 943.3 29.9 610.4 21.4 921.8 1,352.4 9,915.7 9,680.7 9,322.7 3,221.7 1,133.0 2,088.7 6,100.9 230.1 128.0 76.4 51.6 235.0 2.4 1,090.4 37.8 1,052.6 143.7 2,057.0 1,265.1 791.9 1,718.5 1,687.9 1,003.2 32.3 652.4 30.5 959.5 1,488.7 10,423.6 10,208.9 9,806.3 3,357.7 1,159.4 2,198.2 6,448.6 260.9 141.7 82.4 59.3 214.7 2.1 1,102.0 50.8 1,051.2 222.0 2,109.3 1,314.7 794.6 1,879.2 1,842.6 1,068.3 50.7 723.6 36.7 987.2 1,438.2 10,952.9 10,505.0 10,104.5 3,379.5 1,083.5 2,296.0 6,725.0 246.2 154.3 89.7 64.6 447.9 4.1 1,011.9 30.5 981.5 274.0 1,919.7 1,222.3 697.4 2,132.8 2,096.8 1,164.5 128.6 803.7 36.0 970.3 1,140.0 11,034.9 10,379.6 10,001.3 3,230.7 1,026.5 2,204.2 6,770.6 216.8 161.4 95.0 66.5 655.3 5.9 1,140.6 32.2 1,108.4 131.2 1,909.0 1,157.2 751.9 1,632.4 1,609.1 963.4 30.3 615.5 23.3 933.8 1,393.5 10,111.2 9,856.4 9,484.1 3,249.1 1,142.2 2,106.9 6,235.0 239.2 133.2 78.4 54.8 254.8 2.5 1,103.0 36.2 1,066.8 122.4 1,959.2 1,205.4 753.8 1,701.6 1,674.9 989.1 31.3 654.5 26.7 953.4 1,458.7 10,255.5 10,014.9 9,632.8 3,293.8 1,149.8 2,143.9 6,339.0 244.4 137.7 80.1 57.6 240.6 2.3 1,090.0 34.1 1,056.0 139.8 2,050.4 1,248.5 801.8 1,698.6 1,669.0 998.5 30.6 639.9 29.6 954.2 1,480.4 10,358.6 10,153.8 9,753.2 3,343.4 1,158.7 2,184.7 6,409.8 260.6 140.0 81.4 58.6 204.8 2.0 1,079.3 35.0 1,044.3 146.8 2,098.7 1,291.6 807.1 1,719.8 1,687.8 1,007.1 32.8 647.9 32.0 958.7 1,497.5 10,456.9 10,267.2 9,850.8 3,369.8 1,163.2 2,206.6 6,481.1 273.4 143.0 83.0 60.0 189.7 1.8 1,089.1 45.9 1,043.3 165.9 2,119.8 1,315.0 804.8 1,753.8 1,719.9 1,018.1 34.7 667.2 33.9 971.6 1,518.0 10,623.4 10,399.7 9,988.4 3,423.8 1,166.0 2,257.8 6,564.6 265.2 146.1 84.9 61.2 223.7 2.1 9,404.8 9,656.5 9,638.5 9,191.1 9,557.5 9,599.3 9,638.5 9,672.7 9,715.5 9,650.7 9,874.2 10,042.9 10,099.8 9,788.8 9,832.1 9,845.9 9,882.8 9,936.1 33,157 32,271 299,052 34,512 32,693 302,025 35,931 32,946 304,831 35,888 32,847 307,483 33,680 32,606 300,213 34,081 32,674 300,913 34,344 32,644 301,617 34,579 32,681 302,406 35,042 32,775 303,166 IV Personal income................................................................................................. Compensation of employees, received ........................................................ Wage and salary disbursements ............................................................... Private industries ...................................................................................... Goods-producing industries .................................................................. Manufacturing.................................................................................... Services-producing industries............................................................... Trade, transportation, and utilities...................................................... Other services-producing industries.................................................. Government .............................................................................................. Supplements to wages and salaries ......................................................... Employer contributions for employee pension and insurance funds ......... Employer contributions for government social insurance.......................... Proprietors’ income with inventory valuation and capital consumption adjustments................................................................................................. Farm ............................................................................................................. Nonfarm ........................................................................................................ Rental income of persons with capital consumption adjustment ............. Personal income receipts on assets............................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts ................................................................ Government social benefits to persons ........................................................ Old-age, survivors, disability, and health insurance benefits..................... Government unemployment insurance benefits........................................ Other ......................................................................................................... Other current transfer receipts, from business (net) ..................................... Less: Contributions for government social insurance, domestic ............. Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Less: Personal outlays ...................................................................................... Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ Personal interest payments 1 ............................................................................ Personal current transfer payments.................................................................. To government .............................................................................................. To the rest of the world (net) ......................................................................... Equals: Personal saving .................................................................................... Personal saving as a percentage of disposable personal income ............ Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ............................................................................................ Disposable personal income: Total, billions of chained (2005) dollars 2 ...................................................... Per capita: Current dollars .......................................................................................... Chained (2005) dollars.............................................................................. Population (midperiod, thousands) 3 ................................................................ 2007 I II III IV 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 2. Personal Income and Its Disposition (Years and Quarters)—Table Ends [Billions of dollars] Seasonally adjusted at annual rates 2008 I Personal income................................................................................................. Compensation of employees, received ........................................................ Wage and salary disbursements ............................................................... Private industries ...................................................................................... Goods-producing industries .................................................................. Manufacturing.................................................................................... Services-producing industries............................................................... Trade, transportation, and utilities...................................................... Other services-producing industries.................................................. Government .............................................................................................. Supplements to wages and salaries ......................................................... Employer contributions for employee pension and insurance funds ......... Employer contributions for government social insurance.......................... Proprietors’ income with inventory valuation and capital consumption adjustments................................................................................................. Farm ............................................................................................................. Nonfarm ........................................................................................................ Rental income of persons with capital consumption adjustment ............. Personal income receipts on assets............................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts ................................................................ Government social benefits to persons ........................................................ Old-age, survivors, disability, and health insurance benefits..................... Government unemployment insurance benefits........................................ Other ......................................................................................................... Other current transfer receipts, from business (net) ..................................... Less: Contributions for government social insurance, domestic ............. Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Less: Personal outlays ...................................................................................... Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ Personal interest payments 1 ............................................................................ Personal current transfer payments.................................................................. To government .............................................................................................. To the rest of the world (net) ......................................................................... Equals: Personal saving .................................................................................... Personal saving as a percentage of disposable personal income ............ Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ............................................................................................ Disposable personal income: Total, billions of chained (2005) dollars 2 ...................................................... Per capita: Current dollars .......................................................................................... Chained (2005) dollars.............................................................................. Population (midperiod, thousands) 3 ................................................................ II 2009 III IV I II 2010 III IV I II 12,300.4 8,082.2 6,595.9 5,468.9 1,225.8 751.6 4,243.1 1,061.0 3,182.0 1,127.0 1,486.2 1,015.3 471.0 12,460.9 8,077.3 6,575.1 5,436.9 1,222.5 750.7 4,214.4 1,055.5 3,158.9 1,138.2 1,502.2 1,031.9 470.4 12,447.0 8,082.9 6,567.9 5,417.0 1,206.2 743.0 4,210.7 1,052.0 3,158.8 1,150.9 1,515.1 1,043.9 471.2 12,356.3 8,020.7 6,497.3 5,337.5 1,176.0 719.6 4,161.6 1,035.0 3,126.6 1,159.7 1,523.5 1,055.5 468.0 12,093.2 7,777.7 6,260.0 5,092.5 1,100.2 678.6 3,992.3 997.0 2,995.3 1,167.6 1,517.7 1,060.2 457.4 12,203.4 7,819.0 6,287.7 5,111.4 1,063.0 659.1 4,048.5 989.9 3,058.5 1,176.2 1,531.4 1,069.9 461.5 12,164.0 7,798.7 6,263.9 5,088.3 1,046.7 649.8 4,041.6 986.9 3,054.7 1,175.6 1,534.8 1,074.0 460.8 12,239.0 7,831.4 6,284.9 5,110.0 1,046.1 658.3 4,064.0 988.2 3,075.7 1,174.9 1,546.5 1,084.0 462.5 12,361.8 7,871.2 6,303.7 5,118.2 1,036.1 655.8 4,082.1 990.1 3,092.0 1,185.5 1,567.5 1,095.8 471.7 12,485.7 7,934.5 6,356.1 5,161.6 1,044.4 662.1 4,117.2 999.3 3,117.9 1,194.6 1,578.4 1,102.8 475.6 1,107.3 60.7 1,046.6 182.4 2,123.6 1,313.7 809.9 1,793.2 1,757.5 1,044.7 35.6 677.1 35.7 988.3 1,535.8 10,764.6 10,475.2 10,065.7 3,415.4 1,131.1 2,284.3 6,650.3 259.2 150.3 87.1 63.2 289.3 2.7 1,116.1 52.7 1,063.4 206.0 2,114.7 1,315.3 799.4 1,934.4 1,897.7 1,060.8 37.6 799.4 36.7 987.7 1,331.6 11,129.2 10,591.6 10,183.0 3,458.7 1,117.1 2,341.6 6,724.3 252.6 155.9 89.0 66.9 537.7 4.8 1,111.5 50.5 1,061.1 237.1 2,129.8 1,334.0 795.7 1,875.2 1,838.0 1,076.9 58.1 703.1 37.2 989.5 1,442.4 11,004.7 10,608.0 10,202.0 3,450.0 1,080.2 2,369.9 6,751.9 248.0 158.0 90.7 67.3 396.7 3.6 1,073.0 39.5 1,033.5 262.6 2,069.1 1,295.9 773.2 1,914.2 1,877.1 1,090.9 71.5 714.7 37.1 983.4 1,443.0 10,913.3 10,345.3 9,967.2 3,194.0 1,005.6 2,188.4 6,773.3 225.0 153.1 92.0 61.1 568.0 5.2 1,018.7 29.6 989.0 264.7 1,972.7 1,240.5 732.2 2,023.7 1,987.2 1,138.6 98.2 750.4 36.5 964.2 1,213.4 10,879.8 10,291.6 9,913.0 3,158.4 1,012.2 2,146.2 6,754.6 220.1 158.5 93.1 65.4 588.2 5.4 1,000.5 28.0 972.5 269.4 1,925.9 1,229.5 696.4 2,160.2 2,124.1 1,158.2 127.7 838.1 36.1 971.6 1,112.5 11,090.9 10,297.4 9,920.1 3,175.4 1,004.7 2,170.7 6,744.7 218.4 158.9 94.3 64.6 793.5 7.2 1,006.4 28.0 978.4 279.1 1,891.1 1,213.3 677.8 2,159.3 2,123.4 1,172.6 145.0 805.9 35.8 970.6 1,117.0 11,047.0 10,423.6 10,040.7 3,276.1 1,045.2 2,231.0 6,764.6 220.9 161.9 95.6 66.3 623.4 5.6 1,022.1 36.2 985.9 282.8 1,889.2 1,205.8 683.4 2,188.2 2,152.5 1,188.8 143.4 820.2 35.8 974.8 1,117.2 11,121.7 10,505.7 10,131.5 3,312.9 1,043.9 2,269.0 6,818.6 207.8 166.4 97.0 69.5 616.0 5.5 1,030.7 36.8 994.0 292.7 1,911.1 1,208.7 702.4 2,245.5 2,208.9 1,191.3 146.1 871.5 36.6 989.4 1,136.8 11,225.0 10,603.9 10,230.8 3,380.0 1,060.7 2,319.3 6,850.9 203.8 169.2 98.5 70.7 621.1 5.5 1,049.5 36.6 1,012.9 300.9 1,915.2 1,206.0 709.3 2,282.9 2,245.9 1,208.1 136.8 901.0 37.0 997.3 1,138.1 11,347.6 10,640.5 10,273.6 3,377.3 1,075.8 2,301.5 6,896.3 195.9 171.1 100.1 71.0 707.1 6.2 9,733.1 9,640.7 9,578.6 9,602.9 9,298.7 9,230.2 9,128.7 9,109.7 9,122.1 9,198.9 9,971.4 10,192.8 9,970.8 10,036.3 10,046.9 10,193.0 10,079.7 10,080.4 10,121.8 10,231.1 35,432 32,821 303,810 36,556 33,480 304,445 36,060 32,672 305,177 35,677 32,810 305,890 35,497 32,780 306,496 36,115 33,191 307,101 35,888 32,746 307,815 36,049 32,673 308,521 36,313 32,744 309,120 36,638 33,033 309,723 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 3. Personal Income and Its Disposition, Change from Preceding Period (Months)—Continues [Billions of dollars] Seasonally adjusted at annual rates 2007 January Personal income..................................... Compensation of employees, received ........................................... Wage and salary disbursements ... Private industries .......................... Goods-producing industries ...... Manufacturing........................ Services-producing industries... Trade, transportation, and utilities................................ Other services-producing industries ........................... Government .................................. Supplements to wages and salaries......................................... Employer contributions for employee pension and insurance funds......................... Employer contributions for government social insurance..... Proprietors’ income with inventory valuation and capital consumption adjustments ............. Farm ................................................. Nonfarm ............................................ Rental income of persons with capital consumption adjustment... Personal income receipts on assets Personal interest income .................. Personal dividend income................. Personal current transfer receipts .... Government social benefits to persons ......................................... Old-age, survivors, disability, and health insurance benefits .......... Government unemployment insurance benefits ..................... Other ............................................. Other current transfer receipts, from business (net) ............................... Less: Contributions for government social insurance, domestic............ Less: Personal current taxes ................ Equals: Disposable personal income... Less: Personal outlays .......................... Personal consumption expenditures..... Goods ............................................... Durable goods............................... Nondurable goods......................... Services............................................ Personal interest payments 1 ................ Personal current transfer payments...... To government .................................. To the rest of the world (net) ............. Equals: Personal saving ........................ Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ................................. Disposable personal income, billions of chained (2005) dollars 2.................... February March April May June 2008 July August September October November December January February 50.4 73.1 74.4 27.6 27.2 15.1 48.8 25.0 92.6 40.6 66.9 95.2 30.8 36.0 56.6 56.9 39.8 4.6 1.3 35.2 42.6 42.5 37.4 –5.4 –4.2 42.8 23.1 23.0 20.5 3.5 0.5 16.9 –3.5 –4.5 –5.6 7.2 3.7 –12.6 –1.9 –3.4 –4.8 –4.0 –4.4 –0.9 24.4 20.9 18.1 –2.2 –3.8 20.3 19.5 16.3 13.7 2.3 2.0 11.4 1.7 –0.4 –5.3 –7.6 –5.9 2.4 53.8 47.8 42.6 14.5 7.9 28.0 21.4 15.7 13.3 –5.2 –5.3 18.5 57.8 48.9 44.9 15.6 11.1 29.3 58.1 47.4 42.2 9.6 6.2 32.7 21.3 11.8 –1.1 –12.0 –11.0 10.8 13.6 7.3 2.2 –7.1 –5.9 9.2 0.8 10.9 8.9 2.0 0.7 5.7 –4.6 –6.3 5.4 7.4 7.0 0.9 –0.9 1.9 34.4 17.1 31.9 5.2 8.0 2.5 –14.6 0.9 –1.6 1.5 14.7 2.8 16.0 2.5 8.6 5.0 22.6 5.2 11.1 2.5 22.3 3.8 31.7 5.3 11.8 12.9 7.3 5.2 –0.2 0.0 0.2 1.0 1.5 3.5 3.2 2.0 6.1 5.6 9.1 10.6 9.5 6.3 –1.6 –1.7 –0.2 2.0 2.6 2.8 2.3 2.7 2.9 4.6 5.9 7.0 8.4 5.6 1.3 1.8 0.4 –1.0 –1.0 0.6 0.9 –0.7 3.2 1.1 3.1 3.6 1.1 0.7 –41.7 1.9 –43.6 –1.3 0.8 –2.0 –3.7 –0.4 –3.4 –7.4 –1.3 –6.0 –3.1 –1.0 –2.2 –1.8 –0.5 –1.4 –3.2 0.0 –3.1 –7.4 1.2 –8.6 –1.2 2.4 –3.6 3.9 3.5 0.4 7.9 4.9 3.0 11.9 6.2 5.7 –0.7 7.4 –8.1 5.4 3.2 2.3 –5.6 10.1 26.7 –16.7 41.1 –0.5 27.7 23.9 3.9 8.9 4.7 49.0 23.5 25.5 2.7 9.2 36.6 9.5 27.1 –8.6 5.9 22.5 10.1 12.4 2.4 3.9 –7.0 9.9 –16.9 –2.5 –1.2 24.5 16.0 8.5 11.3 2.6 20.3 16.9 3.3 7.1 5.7 22.4 17.5 5.0 18.2 8.0 2.3 3.8 –1.4 7.3 6.9 –6.3 2.5 –8.8 7.0 5.4 4.0 2.1 1.8 22.7 4.7 1.8 –1.8 3.6 11.3 5.3 6.3 –1.9 8.2 7.0 39.4 8.5 1.9 –9.7 1.4 –3.5 10.6 6.3 17.5 6.6 6.5 22.1 10.6 6.4 10.0 2.8 5.2 –0.6 8.3 0.2 –0.9 5.8 8.3 –4.3 4.3 14.8 8.3 4.2 2.2 27.1 –0.2 6.0 –3.4 0.1 2.9 –12.1 –1.0 –6.0 –2.0 –1.6 4.9 6.6 –3.1 3.6 3.2 6.0 0.8 10.2 –1.9 4.0 3.8 3.6 –1.6 3.8 –0.2 2.4 1.7 0.4 0.8 1.1 1.1 0.9 0.7 0.8 0.7 0.6 0.6 0.6 0.6 0.6 10.0 27.3 23.0 44.1 37.2 –8.2 –1.8 –6.4 45.4 3.0 3.7 0.9 2.8 –20.9 4.4 18.4 54.7 42.9 43.1 5.4 –0.2 5.6 37.8 –0.5 0.3 0.3 0.0 11.8 1.5 11.9 62.4 44.2 47.6 33.3 3.8 29.5 14.2 –3.6 0.3 0.3 0.0 18.1 –1.4 2.8 24.9 52.1 41.3 5.7 –1.8 7.5 35.6 9.3 1.5 0.5 1.0 –27.2 –1.4 3.5 23.7 53.5 43.6 38.1 20.5 17.6 5.5 9.4 0.5 0.5 0.0 –29.8 1.9 7.3 7.8 22.1 11.9 –16.6 –16.4 –0.1 28.4 9.7 0.5 0.5 0.0 –14.3 2.2 6.9 41.9 38.6 34.5 19.2 –1.9 21.0 15.4 2.2 1.9 0.6 1.4 3.3 –0.9 1.7 23.3 37.7 35.9 –11.7 7.2 –18.9 47.6 1.3 0.6 0.5 0.0 –14.4 6.4 9.2 83.3 51.2 50.1 40.1 17.0 23.0 10.1 0.4 0.6 0.6 0.0 32.2 2.3 2.4 38.3 24.0 28.6 3.5 –2.2 5.8 25.0 –6.4 1.8 0.6 1.2 14.2 6.5 10.7 56.2 71.4 74.1 35.4 –8.1 43.5 38.7 –3.4 0.7 0.7 0.0 –15.3 6.8 12.9 82.3 42.7 42.6 12.3 –9.9 22.2 30.3 –0.6 0.7 0.7 0.0 39.7 7.6 –1.3 32.1 15.2 13.4 –17.2 –13.2 –4.1 30.6 –1.0 2.8 0.8 2.0 16.9 1.6 6.5 29.5 –12.2 –10.1 –36.5 –16.2 –20.2 26.4 –2.8 0.7 0.7 0.0 41.7 –20.0 26.8 30.2 12.5 –4.4 1.7 18.0 8.7 32.4 3.8 3.2 37.3 –10.9 5.4 –7.5 16.8 20.4 1.2 –6.0 –7.9 21.8 13.6 40.0 7.8 –1.4 45.8 0.1 5.2 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 3. Personal Income and Its Disposition, Change from Preceding Period (Months)—Continues [Billions of dollars] Seasonally adjusted at annual rates 2008 March Personal income..................................... Compensation of employees, received ........................................... Wage and salary disbursements ... Private industries .......................... Goods-producing industries ...... Manufacturing........................ Services-producing industries... Trade, transportation, and utilities................................ Other services-producing industries ........................... Government .................................. Supplements to wages and salaries......................................... Employer contributions for employee pension and insurance funds......................... Employer contributions for government social insurance..... Proprietors’ income with inventory valuation and capital consumption adjustments ............. Farm ................................................. Nonfarm ............................................ Rental income of persons with capital consumption adjustment... Personal income receipts on assets Personal interest income .................. Personal dividend income................. Personal current transfer receipts .... Government social benefits to persons ......................................... Old-age, survivors, disability, and health insurance benefits .......... Government unemployment insurance benefits ..................... Other ............................................. Other current transfer receipts, from business (net) ............................... Less: Contributions for government social insurance, domestic............ Less: Personal current taxes ................ Equals: Disposable personal income... Less: Personal outlays .......................... Personal consumption expenditures..... Goods ............................................... Durable goods............................... Nondurable goods......................... Services............................................ Personal interest payments 1 ................ Personal current transfer payments...... To government .................................. To the rest of the world (net) ............. Equals: Personal saving ........................ Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ................................. Disposable personal income, billions of chained (2005) dollars 2.................... April May June July 2009 August September October November December January February March April 55.2 –12.7 185.6 2.0 –114.4 52.9 6.3 –33.9 –58.9 –118.4 –97.5 –88.0 –24.9 63.2 28.5 23.9 19.7 15.5 8.9 4.3 –29.1 –34.7 –37.8 –17.2 –11.5 –20.6 –2.2 –7.2 –10.4 7.1 6.3 –17.5 6.6 0.8 –3.6 3.4 7.0 –7.0 –9.4 –12.3 –17.0 –16.6 –11.0 –0.4 21.0 15.9 12.0 –1.2 –0.9 13.1 –8.0 –10.9 –15.1 –10.4 –8.5 –4.6 2.8 –1.8 –5.7 –6.7 –7.0 1.1 –41.3 –43.7 –45.5 –5.7 –3.1 –39.9 –117.4 –113.1 –112.0 –37.3 –24.9 –74.7 –102.8 –100.0 –108.6 –30.7 –16.1 –77.8 –61.2 –59.1 –57.9 –16.6 –4.6 –41.3 –22.3 –23.6 –24.2 –21.7 –12.6 –2.6 60.6 52.3 46.3 –8.1 –3.1 54.5 0.5 –4.3 –3.3 0.0 –2.2 1.5 –3.7 –0.3 –12.9 –18.3 –10.1 –11.7 –10.9 2.7 3.8 4.1 –16.3 3.1 –14.2 3.2 –7.0 4.4 1.8 4.7 11.6 3.9 –0.9 4.2 1.3 3.8 –26.9 1.9 –56.5 –1.0 –67.6 8.5 –29.7 –1.2 8.4 0.6 51.7 5.9 4.6 5.6 5.0 5.7 3.0 5.1 2.9 4.7 2.3 –4.4 –2.7 –2.1 1.4 8.3 2.6 7.8 5.2 5.2 3.6 3.3 2.9 4.6 4.7 2.5 0.0 1.3 2.0 4.3 2.0 –2.1 –0.3 0.5 –0.6 1.8 0.0 0.0 –2.3 –6.9 –2.7 –3.4 –0.7 4.1 14.0 –1.3 15.2 –3.6 –5.6 2.0 1.3 –3.4 4.6 1.4 –1.1 2.6 0.2 1.1 –0.9 –0.6 –0.8 0.2 –17.3 –2.7 –14.6 –11.2 –4.7 –6.6 –12.2 –4.3 –7.8 –22.4 –4.0 –18.3 –18.0 –3.8 –14.3 –18.9 –2.4 –16.5 –14.2 –1.1 –13.1 –1.9 0.2 –2.1 7.2 –8.4 –1.7 –6.6 17.7 7.5 –1.9 3.2 –5.2 10.6 9.0 –6.3 0.5 –6.8 183.7 10.5 2.2 –0.5 2.7 –17.8 10.8 11.7 10.3 1.4 –128.6 10.4 5.4 9.0 –3.6 19.9 10.2 1.1 7.9 –6.8 20.2 10.8 –35.9 –29.5 –6.4 0.1 5.2 –26.6 –18.1 –8.5 11.3 2.9 –28.8 –14.4 –14.3 33.8 –1.9 –34.4 –19.9 –14.6 56.0 0.1 –36.0 –19.8 –16.2 21.3 0.6 –29.5 –20.1 –9.5 38.9 1.6 –13.7 4.6 –18.2 24.5 17.3 10.4 183.4 –18.0 –128.8 19.8 20.2 0.1 11.3 34.0 56.3 21.6 39.0 24.6 12.5 –0.3 8.5 3.0 7.8 3.0 4.4 3.1 5.2 10.5 32.0 7.1 6.7 9.3 2.3 2.6 –0.2 10.8 –1.2 176.1 4.4 –25.5 4.4 –140.9 16.1 0.7 8.6 7.2 –7.4 4.4 5.8 0.3 17.4 6.1 1.0 23.3 8.9 5.6 18.8 13.5 –1.3 16.7 0.5 0.3 0.2 0.2 0.2 0.1 0.0 0.0 0.0 –0.2 –0.3 –0.2 –0.2 –0.1 3.9 7.8 47.4 48.6 52.7 39.3 –4.9 44.3 13.4 –4.8 0.7 0.7 0.0 –1.2 –3.8 –19.9 7.2 44.1 41.3 6.0 –1.6 7.6 35.3 –1.6 4.3 0.6 3.7 –36.9 –0.3 –393.0 578.6 36.4 36.9 17.3 0.0 17.2 19.6 –1.0 0.6 0.6 0.0 542.1 1.0 211.0 –209.0 58.8 58.8 35.2 –11.0 46.3 23.6 –0.6 0.6 0.6 0.0 –267.7 –1.0 9.1 –123.5 –4.4 –3.9 –8.8 –24.8 15.9 4.9 –1.4 1.0 0.6 0.4 –119.2 3.4 143.0 –90.1 –22.4 –20.9 –9.2 11.8 –21.0 –11.7 –2.1 0.5 0.5 0.0 –67.6 –0.2 –10.0 16.4 –46.8 –44.1 –68.8 –38.1 –30.7 24.7 –3.2 0.5 0.5 0.0 63.2 0.5 –14.6 –19.4 –98.1 –80.9 –89.2 –39.8 –49.5 8.4 –11.4 –5.8 0.4 –6.2 78.8 –4.6 –24.9 –34.0 –133.1 –124.1 –127.8 –9.9 –117.8 3.5 –9.4 0.4 0.4 0.0 99.0 –13.5 –27.7 –90.7 –111.3 –104.2 –98.1 –20.3 –77.9 –6.0 –7.5 0.4 0.4 0.0 20.6 –3.7 –168.3 70.9 71.4 64.4 65.4 30.8 34.7 –1.0 2.3 4.7 0.3 4.3 –0.5 –6.7 –31.9 –56.2 12.2 10.6 27.3 –1.7 29.0 –16.7 1.2 0.3 0.4 0.0 –68.4 –1.6 –39.6 14.7 –44.1 –44.7 –33.6 –18.4 –15.2 –11.1 0.3 0.4 0.3 0.0 58.8 7.9 –55.1 118.2 2.0 4.0 –1.8 –6.3 4.5 5.8 –1.6 –0.4 0.5 –0.8 116.3 –3.5 –51.1 –38.4 –44.7 –37.8 38.4 –22.4 24.8 49.9 –94.6 –156.0 –126.1 –53.2 21.0 4.9 –23.9 489.1 –258.2 –165.7 –72.8 4.7 40.3 88.0 –35.7 50.8 –78.9 19.8 92.9 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 3. Personal Income and Its Disposition, Change from Preceding Period (Months)—Table Ends [Billions of dollars] Seasonally adjusted at annual rates 2009 May Personal income..................................... Compensation of employees, received ........................................... Wage and salary disbursements ... Private industries .......................... Goods-producing industries ...... Manufacturing........................ Services-producing industries... Trade, transportation, and utilities................................ Other services-producing industries ........................... Government .................................. Supplements to wages and salaries......................................... Employer contributions for employee pension and insurance funds......................... Employer contributions for government social insurance..... Proprietors’ income with inventory valuation and capital consumption adjustments ............. Farm ................................................. Nonfarm ............................................ Rental income of persons with capital consumption adjustment... Personal income receipts on assets Personal interest income .................. Personal dividend income................. Personal current transfer receipts .... Government social benefits to persons ......................................... Old-age, survivors, disability, and health insurance benefits .......... Government unemployment insurance benefits ..................... Other ............................................. Other current transfer receipts, from business (net) ............................... Less: Contributions for government social insurance, domestic............ Less: Personal current taxes ................ Equals: Disposable personal income... Less: Personal outlays .......................... Personal consumption expenditures..... Goods ............................................... Durable goods............................... Nondurable goods......................... Services............................................ Personal interest payments 1 ................ Personal current transfer payments...... To government .................................. To the rest of the world (net) ............. Equals: Personal saving ........................ Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ................................. Disposable personal income, billions of chained (2005) dollars 2.................... June July August 2010 September October November December January February March April June p May 200.3 –121.8 –40.7 25.5 –4.1 9.0 58.7 63.3 32.1 16.2 54.5 54.2 40.5 3.0 31.7 24.9 21.9 –7.8 –5.4 29.6 –15.3 –17.5 –19.5 –11.8 –8.7 –7.7 –26.3 –24.7 –22.9 –6.8 –3.8 –16.1 17.0 14.9 15.2 5.2 4.1 10.1 –17.2 –16.9 –13.9 –7.4 –2.1 –6.6 20.2 14.5 13.1 –2.7 2.3 15.8 25.6 19.1 19.0 9.7 10.3 9.3 3.7 0.3 0.5 –3.6 –1.7 4.1 22.3 8.9 0.0 –6.5 –2.7 6.5 –0.2 –2.9 –4.4 –7.5 –3.7 3.1 20.0 15.7 13.3 2.1 1.0 11.2 31.2 27.4 24.9 5.4 3.7 19.5 30.2 26.2 19.2 10.4 7.8 8.8 –3.9 –5.8 –5.2 –8.9 –6.0 3.7 6.0 –7.8 –4.1 6.2 0.6 –0.5 –0.7 –0.6 1.8 –0.8 3.7 6.2 2.5 –2.6 23.7 3.1 0.1 2.0 –12.1 –1.8 4.0 –0.4 –7.2 –2.9 16.4 1.3 9.9 0.3 4.7 –0.3 4.6 8.9 4.1 1.5 7.4 2.4 13.3 2.5 6.3 7.0 6.3 –0.6 6.7 2.2 –1.6 2.2 –0.5 5.9 6.4 3.4 13.4 2.7 4.3 3.7 4.1 1.9 4.0 2.8 0.3 0.5 0.8 5.0 4.4 4.0 5.0 2.7 2.7 2.1 2.2 2.1 2.7 –0.6 –1.9 1.7 –1.2 0.8 2.0 –0.6 8.4 0.0 1.6 1.6 1.9 –0.2 –1.3 –0.2 –1.1 1.2 –0.5 1.7 2.3 –0.9 3.2 4.7 0.8 3.9 0.4 2.4 –2.0 7.4 4.1 3.4 9.5 2.7 6.7 0.1 1.3 –1.2 1.7 –0.6 2.4 1.0 –0.6 1.5 9.2 –0.6 9.8 12.3 0.2 12.1 2.2 0.2 2.0 –4.4 0.2 –4.7 2.4 –1.9 4.5 –6.4 174.3 3.3 –0.7 4.3 –5.0 –111.7 4.1 –19.4 –10.9 –8.5 –4.4 2.9 –16.1 –9.8 –6.2 19.9 2.1 –10.8 –9.5 –1.4 19.7 1.5 –7.8 –6.7 –1.1 –10.4 0.0 10.1 6.7 3.4 17.1 –0.7 35.1 12.9 22.2 24.8 5.1 –2.6 –4.0 1.4 18.2 5.1 2.8 –3.9 6.7 7.6 5.5 –12.3 –4.0 –8.4 35.1 1.1 8.1 0.6 7.5 5.1 1.8 4.1 0.7 3.5 6.0 1.8 1.9 0.6 1.3 7.2 174.4 –111.6 –4.3 20.0 19.7 –10.4 17.1 24.8 17.4 7.6 35.0 5.1 5.7 7.0 –1.5 13.6 0.0 –0.2 17.6 –0.9 1.4 13.7 –11.1 3.4 5.2 11.6 0.7 0.4 14.8 161.0 16.5 –141.6 –8.0 3.7 15.0 5.1 –2.1 4.2 –12.7 3.1 8.4 7.4 5.8 5.3 –6.8 35.4 –5.1 9.2 18.6 11.3 –19.6 12.9 –0.1 5.2 –1.1 7.6 –0.1 –0.1 –0.1 –0.1 0.0 0.0 0.0 0.0 0.8 0.0 0.1 0.0 0.3 0.2 4.8 –10.7 211.1 16.0 16.5 24.3 13.7 10.6 –7.8 –0.9 0.4 0.4 0.0 195.0 –1.3 –5.2 –116.7 55.4 55.2 47.6 7.2 40.4 7.6 –0.2 0.4 0.4 0.0 –172.1 –3.1 6.8 –47.4 24.9 20.7 17.1 16.0 1.1 3.6 2.0 2.1 0.4 1.7 –72.2 3.0 8.2 17.3 120.6 119.0 104.3 67.2 37.1 14.7 1.2 0.5 0.5 0.0 –103.4 –1.8 –2.1 –2.0 –64.3 –65.1 –77.1 –89.0 11.9 12.0 0.4 0.4 0.4 0.0 62.3 2.1 –1.2 10.1 57.5 61.0 29.8 23.6 6.2 31.2 –7.1 3.6 0.5 3.2 –47.4 3.5 0.7 58.1 23.9 30.2 33.3 16.4 16.9 –3.1 –6.8 0.5 0.4 0.0 34.3 –0.2 –1.0 64.3 34.1 40.2 4.4 3.6 0.8 35.8 –6.6 0.5 0.5 0.0 30.1 12.7 17.9 14.2 17.6 14.4 19.8 –10.8 30.6 –5.3 1.4 1.8 0.5 1.2 –3.4 0.0 1.1 15.1 48.9 47.1 28.5 11.2 17.3 18.5 1.3 0.5 0.6 0.0 –33.8 2.9 4.2 50.4 51.7 49.8 42.6 36.8 5.8 7.2 1.4 0.5 0.5 0.0 –1.3 3.5 –3.7 57.7 –14.8 –10.9 –22.1 –11.6 –10.5 11.2 –4.7 0.8 0.5 0.3 72.5 3.8 3.6 36.9 4.6 8.6 –23.6 –2.8 –20.8 32.2 –4.6 0.6 0.6 0.0 32.4 –0.4 –2.0 5.1 –7.0 –2.9 –8.4 0.6 –9.0 5.5 –4.7 0.5 0.5 0.0 12.0 12.0 –60.1 –39.4 –22.0 –34.1 –7.5 17.7 19.7 –10.4 4.2 3.2 44.9 37.9 9.4 181.1 –163.4 –50.1 –14.2 –15.5 –18.5 30.5 41.4 –12.6 9.7 29.5 52.8 40.7 19.3 p Preliminary 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 4. Personal Income and Its Disposition, Change from Preceding Period (Years and Quarters)—Continues [Billions of dollars] Seasonally adjusted at annual rates 2006 2007 2008 2009 2007 I Personal income................................................................................................. Compensation of employees, received ........................................................ Wage and salary disbursements ............................................................... Private industries ...................................................................................... Goods-producing industries .................................................................. Manufacturing.................................................................................... Services-producing industries............................................................... Trade, transportation, and utilities...................................................... Other services-producing industries.................................................. Government .............................................................................................. Supplements to wages and salaries ......................................................... Employer contributions for employee pension and insurance funds ......... Employer contributions for government social insurance.......................... Proprietors’ income with inventory valuation and capital consumption adjustments................................................................................................. Farm ............................................................................................................. Nonfarm ........................................................................................................ Rental income of persons with capital consumption adjustment ............. Personal income receipts on assets............................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts ................................................................ Government social benefits to persons ........................................................ Old-age, survivors, disability, and health insurance benefits..................... Government unemployment insurance benefits........................................ Other ......................................................................................................... Other current transfer receipts, from business (net) ..................................... Less: Contributions for government social insurance, domestic ............. Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Less: Personal outlays ...................................................................................... Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ Personal interest payments 1 ............................................................................ Personal current transfer payments.................................................................. To government .............................................................................................. To the rest of the world (net) ......................................................................... Equals: Personal saving .................................................................................... Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ............................................................................................. Disposable personal income, billions of chained (2005) dollars 2 .................... II III IV 782.2 415.7 367.9 324.2 72.6 28.3 251.7 51.4 200.3 43.7 47.8 28.5 19.2 644.2 386.5 352.8 299.0 37.4 13.5 261.5 49.2 212.3 53.8 33.5 20.4 13.2 478.8 203.6 137.3 82.4 –5.8 –11.0 88.1 5.7 82.5 55.0 66.4 56.1 10.2 –216.2 –259.1 –284.9 –314.6 –143.6 –79.7 –170.8 –60.4 –110.5 29.6 25.8 35.4 –9.5 209.5 156.1 150.5 126.4 14.2 6.7 112.2 18.4 93.7 24.1 5.7 –0.2 5.8 124.7 33.0 29.7 23.3 4.3 –1.6 19.1 13.9 5.2 6.3 3.3 4.0 –0.6 115.4 54.1 44.8 34.9 –0.8 –3.3 35.5 –2.9 38.5 9.9 9.4 7.8 1.6 187.0 115.8 95.8 83.9 15.6 7.5 68.4 13.9 54.5 11.9 19.9 13.6 6.2 63.2 –14.6 77.7 –31.7 287.7 140.5 147.2 96.4 100.9 98.6 –1.4 3.6 –4.4 49.1 143.8 638.4 531.1 503.7 147.8 27.5 120.3 355.8 19.3 8.2 5.0 3.2 107.3 –42.6 8.5 –51.0 –2.8 227.3 137.6 89.7 113.5 104.3 59.9 2.4 42.0 9.1 37.7 136.3 507.9 528.2 483.6 136.0 26.4 109.5 347.7 30.8 13.7 6.0 7.7 –20.3 11.6 13.0 –1.4 78.3 52.3 49.6 2.7 160.7 154.7 65.1 18.4 71.2 6.2 27.7 –50.5 529.3 296.1 298.2 21.8 –75.9 97.8 276.4 –14.7 12.6 7.3 5.3 233.2 –90.1 –20.3 –69.7 52.0 –189.6 –92.4 –97.2 253.6 254.2 96.2 77.9 80.1 –0.7 –16.9 –298.2 82.0 –125.4 –103.2 –148.8 –57.0 –91.8 45.6 –29.4 7.1 5.3 1.9 207.4 –37.6 4.0 –41.6 –8.8 50.2 48.2 1.9 69.2 65.8 25.7 1.0 39.0 3.4 19.6 65.2 144.3 158.5 148.7 44.7 7.6 37.0 104.0 5.2 4.5 1.7 2.8 –14.2 –13.0 –2.1 –10.8 17.4 91.2 43.1 48.0 –3.0 –5.9 9.4 –0.7 –14.6 2.9 0.8 21.7 103.1 138.9 120.4 49.6 8.9 40.8 70.8 16.2 2.3 1.3 1.0 –35.8 –10.7 0.9 –11.7 7.0 48.3 43.1 5.3 21.2 18.8 8.6 2.2 8.0 2.4 4.5 17.1 98.3 113.4 97.6 26.4 4.5 21.9 71.3 12.8 3.0 1.6 1.4 –15.1 9.8 10.9 –1.0 19.1 21.1 23.4 –2.3 34.0 32.1 11.0 1.9 19.3 1.9 12.9 20.5 166.5 132.5 137.6 54.0 2.8 51.2 83.5 –8.2 3.1 1.9 1.2 34.0 427.5 373.4 251.7 223.5 –18.0 168.7 –447.4 56.9 41.8 43.3 39.2 13.8 34.2 36.9 42.8 53.3 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 4. Personal Income and Its Disposition, Change from Preceding Period (Years and Quarters)—Table Ends [Billions of dollars] Seasonally adjusted at annual rates 2008 Personal income................................................................................................. Compensation of employees, received ........................................................ Wage and salary disbursements ............................................................... Private industries ...................................................................................... Goods-producing industries .................................................................. Manufacturing.................................................................................... Services-producing industries............................................................... Trade, transportation, and utilities...................................................... Other services-producing industries.................................................. Government .............................................................................................. Supplements to wages and salaries ......................................................... Employer contributions for employee pension and insurance funds ......... Employer contributions for government social insurance.......................... Proprietors’ income with inventory valuation and capital consumption adjustments................................................................................................. Farm ............................................................................................................. Nonfarm ........................................................................................................ Rental income of persons with capital consumption adjustment ............. Personal income receipts on assets............................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts ................................................................ Government social benefits to persons ........................................................ Old-age, survivors, disability, and health insurance benefits..................... Government unemployment insurance benefits........................................ Other ......................................................................................................... Other current transfer receipts, from business (net) ..................................... Less: Contributions for government social insurance, domestic ............. Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Less: Personal outlays ...................................................................................... Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ Personal interest payments 1 ............................................................................ Personal current transfer payments.................................................................. To government .............................................................................................. To the rest of the world (net) ......................................................................... Equals: Personal saving .................................................................................... Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ............................................................................................. Disposable personal income, billions of chained (2005) dollars 2 .................... 2009 I II I II I II 159.0 97.9 72.5 50.0 0.0 –4.2 50.0 3.4 46.5 22.5 25.3 19.7 5.8 160.5 –4.9 –20.8 –32.0 –3.3 –0.9 –28.7 –5.5 –23.1 11.2 16.0 16.6 –0.6 –13.9 5.6 –7.2 –19.9 –16.3 –7.7 –3.7 –3.5 –0.1 12.7 12.9 12.0 0.8 –90.7 –62.2 –70.6 –79.5 –30.2 –23.4 –49.1 –17.0 –32.2 8.8 8.4 11.6 –3.2 –263.1 –243.0 –237.3 –245.0 –75.8 –41.0 –169.3 –38.0 –131.3 7.9 –5.8 4.7 –10.6 110.2 41.3 27.7 18.9 –37.2 –19.5 56.2 –7.1 63.2 8.6 13.7 9.7 4.1 –39.4 –20.3 –23.8 –23.1 –16.3 –9.3 –6.9 –3.0 –3.8 –0.6 3.4 4.1 –0.7 75.0 32.7 21.0 21.7 –0.6 8.5 22.4 1.3 21.0 –0.7 11.7 10.0 1.7 122.8 39.8 18.8 8.2 –10.0 –2.5 18.1 1.9 16.3 10.6 21.0 11.8 9.2 123.9 63.3 52.4 43.4 8.3 6.3 35.1 9.2 25.9 9.1 10.9 7.0 3.9 18.2 14.8 3.3 16.5 3.8 –1.3 5.1 39.4 37.6 26.6 0.9 9.9 1.8 16.7 17.8 141.2 75.5 77.3 –8.4 –34.9 26.5 85.7 –6.0 4.2 2.2 2.0 65.6 8.8 –8.0 16.8 23.6 –8.9 1.6 –10.5 141.2 140.2 16.1 2.0 122.3 1.0 –0.6 –204.2 364.6 116.4 117.3 43.3 –14.0 57.3 74.0 –6.6 5.6 1.9 3.7 248.4 –4.6 –2.2 –2.3 31.1 15.1 18.7 –3.7 –59.2 –59.7 16.1 20.5 –96.3 0.5 1.8 110.8 –124.5 16.4 19.0 –8.7 –36.9 28.3 27.6 –4.6 2.1 1.7 0.4 –141.0 –38.5 –11.0 –27.6 25.5 –60.7 –38.1 –22.5 39.0 39.1 14.0 13.4 11.6 –0.1 –6.1 0.6 –91.4 –262.7 –234.8 –256.0 –74.6 –181.5 21.4 –23.0 –4.9 1.3 –6.2 171.3 –54.3 –9.9 –44.5 2.1 –96.4 –55.4 –41.0 109.5 110.1 47.7 26.7 35.7 –0.6 –19.2 –229.6 –33.5 –53.7 –54.2 –35.6 6.6 –42.2 –18.7 –4.9 5.4 1.1 4.3 20.2 –18.2 –1.6 –16.5 4.7 –46.8 –11.0 –35.8 136.5 136.9 19.6 29.5 87.7 –0.4 7.4 –100.9 211.1 5.8 7.1 17.0 –7.5 24.5 –9.9 –1.7 0.4 1.2 –0.8 205.3 5.9 0.0 5.9 9.7 –34.8 –16.2 –18.6 –0.9 –0.7 14.4 17.3 –32.2 –0.3 –1.0 4.5 –43.9 126.2 120.6 100.7 40.5 60.3 19.9 2.5 3.0 1.3 1.7 –170.1 15.7 8.2 7.5 3.7 –1.9 –7.5 5.6 28.9 29.1 16.2 –1.6 14.3 0.0 4.2 0.2 74.7 82.1 90.8 36.8 –1.3 38.0 54.0 –13.1 4.5 1.4 3.2 –7.4 8.6 0.6 8.1 9.9 21.9 2.9 19.0 57.3 56.4 2.5 2.7 51.3 0.8 14.6 19.6 103.3 98.2 99.3 67.1 16.8 50.3 32.3 –4.0 2.8 1.5 1.2 5.1 18.8 –0.2 18.9 8.2 4.1 –2.7 6.9 37.4 37.0 16.8 –9.3 29.5 0.4 7.9 1.3 122.6 36.6 42.8 –2.7 15.1 –17.8 45.4 –7.9 1.9 1.6 0.3 86.0 17.6 35.3 –92.4 221.4 –62.1 –222.0 24.3 65.5 –304.2 10.6 –68.5 146.1 –101.5 –113.3 –19.0 0.7 12.4 41.4 76.8 109.3 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. III IV 2010 III IV Table 5. Personal Income and Its Disposition, Percent Change from Preceding Period (Months)—Continues Seasonally adjusted at monthly rates 2007 January February March April May June 2008 July August September October November December January February Based on current-dollar measures Personal income.......................................... Compensation of employees, received...... Wage and salary disbursements............ Supplements to wages and salaries ...... Proprietors’ income with inventory valuation and capital consumption adjustments ........................................... Rental income of persons with capital consumption adjustment........................ Personal income receipts on assets .......... Personal interest income ....................... Personal dividend income...................... Personal current transfer receipts.............. Less: Contributions for government social insurance, domestic............................... Less: Personal current taxes ..................... Equals: Disposable personal income........ Addenda: Personal consumption expenditures.......... Goods .................................................... Durable goods.................................... Nondurable goods.............................. Services................................................. 0.4 0.7 0.9 0.0 0.6 0.5 0.7 0.0 0.6 0.3 0.4 0.0 0.2 0.0 –0.1 0.1 0.2 0.0 –0.1 0.1 0.1 0.3 0.3 0.2 0.4 0.2 0.3 0.2 0.2 0.0 0.0 0.1 0.8 0.7 0.7 0.4 0.3 0.3 0.2 0.4 0.6 0.7 0.8 0.6 0.8 0.7 0.7 0.7 0.3 0.3 0.2 0.6 0.3 0.2 0.1 0.4 –3.6 –0.1 –0.3 –0.7 –0.3 –0.2 –0.3 –0.7 –0.1 0.4 0.7 1.1 –0.1 0.5 –4.5 0.5 2.3 –2.2 2.5 –0.4 1.4 2.0 0.5 0.5 3.9 2.5 2.0 3.4 0.2 7.3 1.8 0.8 3.5 –0.5 4.4 1.1 0.8 1.6 0.1 2.8 –0.3 0.8 –2.1 –0.2 –0.8 1.2 1.3 1.1 0.7 1.8 1.0 1.3 0.4 0.4 3.9 1.1 1.3 0.6 1.1 5.3 0.1 0.3 –0.2 0.4 4.3 –0.3 0.2 –1.1 0.4 3.3 0.2 0.2 0.2 1.3 2.7 0.1 –0.1 0.5 0.6 3.0 0.3 –0.1 1.0 0.4 1.1 1.9 0.2 0.5 1.3 0.5 0.2 0.8 0.6 –0.1 0.2 0.2 –0.1 0.2 0.2 0.2 0.5 0.1 0.2 0.5 0.4 –0.1 0.1 0.2 0.7 0.6 0.8 0.2 0.2 0.4 0.7 0.7 0.5 0.7 0.8 0.8 0.8 –0.1 0.3 0.2 0.4 0.3 0.4 –0.3 –0.2 –0.3 0.7 0.4 0.2 0.0 0.3 0.6 0.5 1.0 0.3 1.4 0.2 0.4 0.2 –0.2 0.3 0.6 0.4 1.1 1.8 0.8 0.1 0.1 –0.5 –1.4 0.0 0.4 0.4 0.6 –0.2 1.0 0.2 0.4 –0.3 0.6 –0.9 0.7 0.5 1.2 1.5 1.1 0.2 0.3 0.1 –0.2 0.3 0.4 0.7 1.0 –0.7 2.0 0.6 0.4 0.4 –0.8 1.0 0.5 0.1 –0.5 –1.1 –0.2 0.5 –0.1 –1.1 –1.4 –0.9 0.4 0.0 0.1 0.0 0.0 0.4 0.5 –0.1 0.0 0.1 0.1 Based on chained (2005) dollar measures Real personal income excluding current transfer receipts ..................................... Real disposable personal income.............. –0.2 –0.1 0.3 0.2 0.3 0.2 0.1 0.0 0.0 –0.1 0.0 –0.1 0.2 0.2 0.1 0.1 0.3 0.4 Seasonally adjusted at monthly rates 2008 March April May June July 2009 August September October November December January February March April Based on current-dollar measures Personal income.......................................... Compensation of employees, received...... Wage and salary disbursements............ Supplements to wages and salaries ...... Proprietors’ income with inventory valuation and capital consumption adjustments ........................................... Rental income of persons with capital consumption adjustment........................ Personal income receipts on assets .......... Personal interest income ....................... Personal dividend income...................... Personal current transfer receipts.............. Less: Contributions for government social insurance, domestic............................... Less: Personal current taxes ..................... Equals: Disposable personal income........ Addenda: Personal consumption expenditures.......... Goods .................................................... Durable goods.................................... Nondurable goods.............................. Services................................................. 0.4 0.4 0.4 0.3 –0.1 –0.4 –0.5 0.4 1.5 0.0 –0.1 0.3 0.0 0.1 0.0 0.4 –0.9 –0.1 –0.2 0.2 0.4 0.3 0.2 0.3 0.1 –0.1 –0.2 0.2 –0.3 0.0 0.0 0.3 –0.5 –0.5 –0.7 0.2 –1.0 –1.5 –1.7 –0.3 –0.8 –1.3 –1.6 –0.2 –0.7 –0.8 –0.9 –0.1 –0.2 –0.3 –0.4 0.1 0.5 0.8 0.8 0.5 1.3 –0.3 0.1 0.1 0.0 –0.1 –1.6 –1.0 –1.1 –2.1 –1.7 –1.8 –1.4 –0.2 3.9 –0.4 –0.1 –0.8 1.0 4.0 –0.1 0.2 –0.6 0.6 4.6 –0.3 0.0 –0.9 10.1 5.1 0.1 0.0 0.3 –0.9 5.0 0.6 0.8 0.2 –6.5 4.6 0.3 0.7 –0.4 1.1 4.3 0.1 0.6 –0.9 1.1 4.3 –1.7 –2.2 –0.8 0.0 2.0 –1.3 –1.4 –1.1 0.6 1.1 –1.4 –1.1 –1.9 1.8 –0.7 –1.7 –1.5 –1.9 2.9 0.0 –1.8 –1.6 –2.2 1.1 0.2 –1.5 –1.6 –1.3 1.9 0.6 –0.7 0.4 –2.5 1.2 0.4 0.5 0.4 –0.4 –1.3 0.1 0.0 –25.8 5.4 0.1 18.7 –1.8 –0.1 0.7 –1.1 0.3 10.6 –0.8 0.0 –0.7 0.1 0.0 –1.0 –0.2 –0.5 –1.7 –0.3 –1.4 –1.9 –0.8 –0.4 –11.9 0.7 –0.7 –2.6 –0.5 –0.2 –3.3 0.1 0.8 –4.7 1.1 0.5 1.2 –0.4 2.0 0.2 0.4 0.2 –0.1 0.3 0.5 0.4 0.5 0.0 0.7 0.3 0.6 1.0 –1.0 2.0 0.4 0.0 –0.3 –2.2 0.7 0.1 –0.2 –0.3 1.1 –0.9 –0.2 –0.4 –2.0 –3.5 –1.3 0.4 –0.8 –2.6 –3.8 –2.1 0.1 –1.2 –3.9 –1.0 –5.1 0.1 –1.0 –3.1 –2.0 –3.6 –0.1 0.7 2.1 3.1 1.7 0.0 0.1 0.9 –0.2 1.4 –0.2 –0.5 –1.1 –1.8 –0.7 –0.2 0.0 –0.1 –0.6 0.2 0.1 –1.0 –0.4 –1.6 0.5 –1.3 –0.8 –0.6 0.2 0.2 0.9 Based on chained (2005) dollar measures Real personal income excluding current transfer receipts ..................................... Real disposable personal income.............. 0.0 0.0 –0.5 –0.2 –0.4 4.9 –0.5 –2.5 –0.4 –1.6 0.4 –0.7 –0.2 0.0 0.3 0.4 0.5 0.9 Table 5. Personal Income and Its Disposition, Percent Change from Preceding Period (Months)—Table Ends Seasonally adjusted at monthly rates 2009 May June July August 2010 September October November December January February March April May June p Based on current-dollar measures Personal income.......................................... Compensation of employees, received...... Wage and salary disbursements............ Supplements to wages and salaries ...... Proprietors’ income with inventory valuation and capital consumption adjustments ........................................... Rental income of persons with capital consumption adjustment........................ Personal income receipts on assets .......... Personal interest income ....................... Personal dividend income...................... Personal current transfer receipts.............. Less: Contributions for government social insurance, domestic............................... Less: Personal current taxes ..................... Equals: Disposable personal income........ Addenda: Personal consumption expenditures.......... Goods .................................................... Durable goods.................................... Nondurable goods.............................. Services................................................. 1.7 0.4 0.4 0.4 –1.0 –0.2 –0.3 0.1 –0.3 –0.3 –0.4 –0.1 0.2 0.2 0.2 0.1 0.0 –0.2 –0.3 0.0 0.1 0.3 0.2 0.4 0.5 0.3 0.3 0.4 –0.1 0.1 0.2 0.5 0.9 –0.1 0.4 –0.9 8.4 1.2 0.0 0.4 –0.7 –5.0 1.5 –1.0 –0.9 –1.2 –0.2 1.0 –0.8 –0.8 –0.9 0.9 0.5 –1.0 1.9 –0.1 –0.5 –1.0 –0.3 0.6 –0.4 0.2 0.8 1.4 0.5 –0.1 0.6 1.5 0.7 1.9 0.1 0.2 0.5 1.6 0.0 0.1 0.5 0.0 0.0 0.2 0.3 0.3 0.1 0.9 0.1 0.0 0.0 0.2 0.4 0.3 0.2 0.3 0.4 0.4 0.4 0.2 0.3 0.4 0.4 0.3 0.0 0.0 –0.1 0.1 0.0 0.7 0.8 –0.6 –0.8 –0.2 0.9 0.5 –0.4 –0.6 –0.2 –0.5 0.9 0.0 0.2 0.1 0.9 1.2 0.2 –0.4 0.0 0.5 0.6 0.5 0.8 –0.3 1.9 1.1 3.3 1.1 1.8 –0.1 –0.3 0.2 0.8 1.8 0.1 –0.3 1.0 0.3 1.9 –0.6 –0.3 –1.2 1.6 0.3 0.4 0.1 1.1 0.2 0.6 0.2 0.1 0.5 0.3 0.6 0.1 0.1 0.2 0.3 0.3 0.7 0.2 –0.2 –0.2 0.0 0.2 –0.1 0.1 0.4 0.1 0.5 0.0 –0.1 0.6 1.3 1.6 0.1 0.0 0.1 0.1 0.3 0.4 0.4 0.4 –0.3 0.5 0.4 0.3 0.3 0.0 –0.2 0.0 1.2 3.2 6.5 1.7 0.2 –0.6 –2.3 –8.1 0.5 0.2 0.6 0.9 2.3 0.3 0.5 0.3 1.0 1.6 0.8 0.0 0.4 0.1 0.3 0.0 0.5 0.1 0.6 –1.0 1.3 –0.1 0.5 0.9 1.1 0.8 0.3 0.5 1.3 3.5 0.2 0.1 –0.1 –0.6 –1.1 –0.4 0.2 0.1 –0.7 –0.3 –0.9 0.5 0.0 –0.2 0.1 –0.4 0.1 0.0 0.1 0.0 0.3 0.5 0.5 0.4 0.4 0.1 0.2 Based on chained (2005) dollar measures Real personal income excluding current transfer receipts ..................................... Real disposable personal income.............. p Preliminary 0.1 1.8 –0.6 –1.6 –0.4 –0.5 –0.2 –0.1 –0.4 –0.2 –0.1 –0.2 0.2 0.3 0.2 0.4 –0.1 –0.1 Table 6. Personal Income and Its Disposition, Percent Change from Preceding Period (Years and Quarters) Seasonally adjusted at annual rates 2006 2007 2008 2009 2007 I II III IV Based on current-dollar measures Personal income................................................................................................. Compensation of employees, received............................................................. Wage and salary disbursements................................................................... Supplements to wages and salaries ............................................................. Proprietors’ income with inventory valuation and capital consumption adjustments .................................................................................................. Rental income of persons with capital consumption adjustment...................... Personal income receipts on assets ................................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts..................................................................... Less: Contributions for government social insurance, domestic....................... Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Addenda: Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ 7.5 5.9 6.5 3.5 5.7 5.2 5.8 2.4 4.0 2.6 2.1 4.6 –1.7 –3.2 –4.3 1.7 7.5 8.4 10.1 1.6 4.3 1.7 1.9 0.9 4.0 2.8 2.8 2.7 6.4 6.0 6.1 5.6 5.9 –17.8 18.7 14.2 26.5 6.4 5.6 11.9 6.9 –3.8 –1.9 12.4 12.2 12.8 7.1 4.1 10.1 5.1 1.1 54.5 2.5 3.9 0.3 9.4 2.9 –3.4 5.1 –8.2 23.4 –9.0 –7.0 –12.2 13.5 –1.7 –20.7 0.7 –12.5 –24.3 10.9 17.7 1.0 18.1 8.7 20.1 5.8 –4.6 70.1 20.0 15.1 28.0 –0.7 0.3 6.1 4.1 –3.9 21.6 9.8 14.5 2.7 5.1 1.9 4.7 3.9 3.7 63.0 4.1 7.5 –1.1 8.2 5.5 5.6 6.5 5.7 4.8 2.5 6.1 6.2 5.2 4.2 2.3 5.2 5.7 3.0 0.7 –6.6 4.4 4.3 –1.0 –4.4 –5.3 –4.0 0.7 6.4 5.6 2.7 7.2 6.8 5.1 6.2 3.1 7.8 4.5 4.1 3.2 1.6 4.1 4.5 5.7 6.6 1.0 9.6 5.3 4.8 4.0 2.7 2.3 –0.2 1.7 0.4 0.6 0.4 1.5 0.4 2.2 Based on chained (2005) dollar measures Real personal income excluding current transfer receipts................................ Real disposable personal income..................................................................... –4.6 0.6 0.4 1.8 Seasonally adjusted at annual rates 2008 I II 2009 III IV I II 2010 III IV I II Based on current-dollar measures Personal income................................................................................................. Compensation of employees, received............................................................. Wage and salary disbursements................................................................... Supplements to wages and salaries ............................................................. Proprietors’ income with inventory valuation and capital consumption adjustments .................................................................................................. Rental income of persons with capital consumption adjustment...................... Personal income receipts on assets ................................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts..................................................................... Less: Contributions for government social insurance, domestic....................... Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Addenda: Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ 5.3 5.0 4.5 7.1 5.3 –0.2 –1.3 4.4 –0.4 0.3 –0.4 3.5 –2.9 –3.0 –4.2 2.2 –8.2 –11.6 –13.8 –1.5 3.7 2.1 1.8 3.7 –1.3 –1.0 –1.5 0.9 2.5 1.7 1.3 3.1 4.1 2.1 1.2 5.6 4.1 3.3 3.4 2.8 6.8 46.2 0.7 –0.4 2.6 9.3 7.0 4.8 5.4 3.2 62.6 –1.7 0.5 –5.1 35.4 –0.2 –43.5 14.3 –1.6 75.6 2.9 5.8 –1.9 –11.7 0.7 37.7 –4.4 –13.2 50.5 –10.9 –10.9 –10.9 8.6 –2.4 0.2 –3.3 –18.8 3.1 –17.4 –16.0 –19.6 24.9 –7.6 –50.0 –1.2 –6.9 7.3 –9.2 –3.5 –18.2 29.8 3.1 –29.4 8.0 2.4 15.3 –7.0 –5.2 –10.2 –0.2 –0.4 1.6 –1.6 6.4 5.4 –0.4 –2.5 3.3 5.5 1.7 0.1 2.7 3.4 14.7 4.7 1.0 11.6 10.9 6.2 7.2 3.8 7.5 11.7 0.9 –0.9 4.0 6.8 3.2 0.4 4.4 3.1 –1.0 –11.5 4.8 5.3 4.7 5.2 –4.8 10.4 4.5 0.7 –1.0 –12.6 4.9 1.7 –8.9 –26.5 –24.9 –27.3 1.3 –2.2 –4.4 2.7 –7.5 –1.1 0.3 2.2 –3.0 4.7 –0.6 5.0 13.3 17.1 11.6 1.2 3.7 4.6 –0.5 7.0 3.2 4.0 8.3 6.6 9.2 1.9 1.7 –0.3 5.8 –3.0 2.7 –1.1 –4.4 –0.2 0.0 0.1 1.7 0.8 4.4 Based on chained (2005) dollar measures Real personal income excluding current transfer receipts................................ Real disposable personal income..................................................................... 0.2 1.4 –0.9 9.2 –0.6 –8.4 0.3 2.7 –3.2 0.4 –0.7 5.9 Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months) 2006 2007 December January February March April May June 2008 July August September October November December January February Billions of chained (2005) dollars, seasonally adjusted at annual rates Personal consumption expenditures (PCE) .................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ 9,219.1 3,248.5 1,179.3 2,069.3 5,971.4 9,227.1 3,242.5 1,179.5 2,063.2 5,985.1 9,234.9 3,235.4 1,179.1 2,056.7 5,999.6 9,243.5 3,245.3 1,184.9 2,060.8 5,998.6 9,261.8 3,243.5 1,185.5 2,058.5 6,018.3 9,276.4 3,264.5 1,207.5 2,058.8 6,012.5 9,273.2 3,249.3 1,190.4 2,059.7 6,024.0 9,289.0 3,264.4 1,191.3 2,073.5 6,025.1 9,315.0 3,263.3 1,203.2 2,061.6 6,051.8 9,326.0 3,287.9 1,222.5 2,068.1 6,039.0 9,326.3 3,283.2 1,220.0 2,066.0 6,043.9 9,345.0 3,279.1 1,213.2 2,068.4 6,066.2 9,355.5 3,280.7 1,205.5 2,076.7 6,075.1 9,340.0 3,249.9 1,191.1 2,060.0 6,089.7 9,309.9 3,211.4 1,175.3 2,037.2 6,097.2 10.5 1.6 –7.7 8.3 8.9 –15.5 –30.8 –14.4 –16.7 14.6 –30.1 –38.5 –15.8 –22.8 7.5 0.1 0.0 –0.6 0.4 0.1 –0.2 –0.9 –1.2 –0.8 0.2 –0.3 –1.2 –1.3 –1.1 0.1 Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates PCE .................................................. Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ 52.4 39.4 15.0 24.4 13.7 8.0 –6.0 0.2 –6.1 13.7 7.8 –7.1 –0.4 –6.5 14.5 8.6 9.9 5.8 4.1 –1.0 18.3 –1.8 0.6 –2.3 19.7 14.6 21.0 22.0 0.3 –5.8 –3.2 –15.2 –17.1 0.9 11.5 15.8 15.1 0.9 13.8 1.1 26.0 –1.1 11.9 –11.9 26.7 11.0 24.6 19.3 6.5 –12.8 0.3 –4.7 –2.5 –2.1 4.9 18.7 –4.1 –6.8 2.4 22.3 Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates PCE .................................................. Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ 0.6 1.2 1.3 1.2 0.2 0.1 –0.2 0.0 –0.3 0.2 0.1 –0.2 0.0 –0.3 0.2 0.1 0.3 0.5 0.2 0.0 0.2 –0.1 0.1 –0.1 0.3 0.2 0.6 1.9 0.0 –0.1 0.0 –0.5 –1.4 0.0 0.2 0.2 0.5 0.1 0.7 0.0 0.3 0.0 1.0 –0.6 0.4 0.1 0.8 1.6 0.3 –0.2 0.0 –0.1 –0.2 –0.1 0.1 0.2 –0.1 –0.6 0.1 0.4 2008 March April May June July 2009 August September October November December January February March April Billions of chained (2005) dollars, seasonally adjusted at annual rates Personal consumption expenditures (PCE) .................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ 9,322.3 3,236.6 1,169.5 2,066.3 6,085.0 9,331.9 3,236.7 1,172.1 2,064.3 6,094.3 9,326.9 3,238.6 1,174.8 2,063.9 6,087.5 PCE .................................................. Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ 12.4 25.2 –5.8 29.1 –12.2 9.6 0.1 2.6 –2.0 9.3 –5.0 1.9 2.7 –0.4 –6.8 PCE .................................................. Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ 0.1 0.8 –0.5 1.4 –0.2 0.1 0.0 0.2 –0.1 0.2 –0.1 0.1 0.2 0.0 –0.1 9,319.9 3,230.2 1,163.1 2,065.7 6,088.7 9,267.1 3,190.9 1,136.2 2,051.2 6,074.6 9,256.4 3,195.8 1,150.8 2,044.0 6,058.9 9,207.0 3,127.4 1,112.5 2,011.7 6,076.4 9,186.9 3,100.9 1,072.7 2,020.0 6,081.7 9,182.2 3,094.9 1,067.8 2,018.7 6,082.4 9,129.8 3,051.0 1,051.2 1,991.6 6,071.3 9,175.9 3,103.0 1,085.1 2,011.4 6,068.3 9,161.1 3,106.3 1,082.0 2,017.3 6,050.6 9,125.4 3,077.9 1,062.7 2,007.3 6,041.8 9,114.6 3,070.3 1,055.7 2,006.1 6,038.1 –14.8 3.3 –3.1 5.9 –17.7 –35.7 –28.4 –19.3 –10.0 –8.8 –10.8 –7.6 –7.0 –1.2 –3.7 –0.2 0.1 –0.3 0.3 –0.3 –0.4 –0.9 –1.8 –0.5 –0.1 –0.1 –0.2 –0.7 –0.1 –0.1 Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates –7.0 –8.4 –11.7 1.8 1.2 –52.8 –39.3 –26.9 –14.5 –14.1 –10.7 4.9 14.6 –7.2 –15.7 –49.4 –68.4 –38.3 –32.3 17.5 –20.1 –26.5 –39.8 8.3 5.3 –4.7 –6.0 –4.9 –1.3 0.7 –52.4 –43.9 –16.6 –27.1 –11.1 46.1 52.0 33.9 19.8 –3.0 Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates –0.1 –0.3 –1.0 0.1 0.0 –0.6 –1.2 –2.3 –0.7 –0.2 –0.1 0.2 1.3 –0.3 –0.3 –0.5 –2.1 –3.3 –1.6 0.3 –0.2 –0.8 –3.6 0.4 0.1 –0.1 –0.2 –0.5 –0.1 0.0 –0.6 –1.4 –1.6 –1.3 –0.2 0.5 1.7 3.2 1.0 0.0 2009 May June July August 2010 September October November December January February March June p April May 9,249.5 3,223.2 1,158.3 2,063.5 6,027.3 9,264.0 3,219.3 1,158.2 2,060.0 6,045.1 9,274.7 3,224.7 1,162.5 2,061.5 6,050.6 –9.1 –10.1 –10.9 –0.5 0.6 14.5 –3.9 –0.1 –3.5 17.8 10.7 5.4 4.3 1.5 5.5 –0.1 –0.3 –0.9 0.0 0.0 0.2 –0.1 0.0 –0.2 0.3 0.1 0.2 0.4 0.1 0.1 Billions of chained (2005) dollars, seasonally adjusted at annual rates Personal consumption expenditures (PCE) .................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ 9,118.0 3,090.1 1,071.0 2,011.6 6,023.1 9,118.4 3,091.7 1,078.0 2,007.1 6,022.0 9,131.3 3,110.5 1,100.6 2,005.7 6,016.9 PCE .................................................. Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ 3.4 19.8 15.3 5.5 –15.0 0.4 1.6 7.0 –4.5 –1.1 12.9 18.8 22.6 –1.4 –5.1 PCE .................................................. Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ 0.0 0.6 1.5 0.3 –0.2 0.0 0.1 0.7 –0.2 0.0 0.1 0.6 2.1 –0.1 –0.1 9,212.7 3,192.6 1,176.5 2,019.1 6,020.0 9,140.8 3,111.6 1,077.9 2,025.7 6,025.2 9,171.1 3,136.6 1,101.1 2,029.8 6,031.3 9,178.2 3,160.1 1,119.0 2,036.9 6,016.4 9,199.3 3,158.6 1,125.2 2,030.3 6,038.4 9,189.3 3,159.9 1,116.5 2,038.7 6,027.4 9,228.2 3,193.0 1,131.0 2,057.7 6,034.6 9,258.6 3,233.3 1,169.2 2,064.0 6,026.7 Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates 81.4 82.1 75.9 13.4 3.1 –71.9 –81.0 –98.6 6.6 5.2 30.3 25.0 23.2 4.1 6.1 7.1 23.5 17.9 7.1 –14.9 21.1 –1.5 6.2 –6.6 22.0 –10.0 1.3 –8.7 8.4 –11.0 38.9 33.1 14.5 19.0 7.2 30.4 40.3 38.2 6.3 –7.9 Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates p Preliminary 0.9 2.6 6.9 0.7 0.1 –0.8 –2.5 –8.4 0.3 0.1 0.3 0.8 2.2 0.2 0.1 0.1 0.7 1.6 0.3 –0.2 0.2 0.0 0.6 –0.3 0.4 –0.1 0.0 –0.8 0.4 –0.2 0.4 1.0 1.3 0.9 0.1 0.3 1.3 3.4 0.3 –0.1 Table 8. Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters) Seasonally adjusted at annual rates 2006 2007 2008 2009 2006 2007 IV I II III IV Billions of chained (2005) dollars Personal consumption expenditures ......................... Goods......................................................................... Durable goods ........................................................ Nondurable goods .................................................. Services...................................................................... 9,073.5 3,173.9 1,150.4 2,023.6 5,899.7 9,289.5 3,261.6 1,198.6 2,064.3 6,028.3 Personal consumption expenditures ......................... Goods......................................................................... Durable goods ........................................................ Nondurable goods .................................................. Services...................................................................... 254.5 100.0 44.9 55.2 154.6 216.0 87.7 48.2 40.7 128.6 Personal consumption expenditures ......................... Goods......................................................................... Durable goods ........................................................ Nondurable goods .................................................. Services...................................................................... 2.9 3.3 4.1 2.8 2.7 2.4 2.8 4.2 2.0 2.2 9,265.0 3,180.3 1,136.4 2,041.2 6,082.3 9,153.9 3,117.4 1,094.6 2,017.4 6,032.7 9,181.6 3,222.5 1,167.9 2,054.7 5,959.4 9,235.2 3,241.1 1,181.2 2,060.2 5,994.4 9,270.5 3,252.4 1,194.5 2,059.0 6,018.3 9,310.0 3,271.9 1,205.7 2,067.7 6,038.7 9,342.3 3,281.0 1,212.9 2,070.3 6,061.7 35.3 11.3 13.3 –1.2 23.9 39.5 19.5 11.2 8.7 20.4 32.3 9.1 7.2 2.6 23.0 1.5 1.4 4.6 –0.2 1.6 1.7 2.4 3.8 1.7 1.4 1.4 1.1 2.4 0.5 1.5 Change from preceding period in billions of chained (2005) dollars –24.5 –81.3 –62.2 –23.1 54.0 –111.1 –62.9 –41.8 –23.8 –49.6 90.9 46.1 15.8 30.2 45.1 53.6 18.6 13.3 5.5 35.0 Percent change from preceding period in chained (2005) dollars –0.3 –2.5 –5.2 –1.1 0.9 –1.2 –2.0 –3.7 –1.2 –0.8 4.1 5.9 5.6 6.1 3.1 2.4 2.3 4.6 1.1 2.4 Seasonally adjusted at annual rates 2008 I II 2009 III IV I II 2010 III IV I II 9,161.6 3,138.2 1,118.3 2,016.9 6,020.7 9,182.9 3,151.8 1,115.1 2,032.3 6,028.7 9,225.4 3,195.4 1,138.9 2,053.5 6,029.6 9,262.7 3,222.4 1,159.6 2,061.7 6,041.0 21.3 13.6 –3.2 15.4 8.0 42.5 43.6 23.8 21.2 0.9 37.3 27.0 20.7 8.2 11.4 0.9 1.7 –1.1 3.1 0.5 1.9 5.7 8.8 4.2 0.1 1.6 3.4 7.5 1.6 0.8 Billions of chained (2005) dollars Personal consumption expenditures ......................... Goods......................................................................... Durable goods ........................................................ Nondurable goods .................................................. Services...................................................................... 9,324.1 3,232.6 1,178.6 2,054.5 6,090.6 9,326.2 3,235.2 1,170.0 2,064.6 6,090.2 9,243.5 3,171.4 1,133.2 2,035.6 6,070.0 9,166.3 3,082.3 1,063.9 2,010.1 6,078.5 9,154.1 3,095.7 1,076.6 2,012.0 6,053.6 9,117.0 3,084.0 1,068.2 2,008.3 6,027.7 Change from preceding period in billions of chained (2005) dollars Personal consumption expenditures ......................... Goods......................................................................... Durable goods ........................................................ Nondurable goods .................................................. Services...................................................................... –18.2 –48.4 –34.3 –15.8 28.9 2.1 2.6 –8.6 10.1 –0.4 –82.7 –63.8 –36.8 –29.0 –20.2 –77.2 –89.1 –69.3 –25.5 8.5 –12.2 13.4 12.7 1.9 –24.9 –37.1 –11.7 –8.4 –3.7 –25.9 44.6 54.2 50.1 8.6 –7.0 Percent change from preceding period in chained (2005) dollars Personal consumption expenditures ......................... Goods......................................................................... Durable goods ........................................................ Nondurable goods .................................................. Services...................................................................... –0.8 –5.8 –10.8 –3.0 1.9 0.1 0.3 –2.9 2.0 0.0 –3.5 –7.7 –12.0 –5.5 –1.3 –3.3 –10.8 –22.3 –4.9 0.6 –0.5 1.8 4.8 0.4 –1.6 –1.6 –1.5 –3.1 –0.7 –1.7 2.0 7.2 20.1 1.7 –0.5 Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)—Continues 2006 2007 December January February March April May June 2008 July August September October November December January February Chain-type price indexes (2005=100), seasonally adjusted Personal consumption expenditures (PCE) .................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ Addenda: PCE excluding food and energy ... Food 1 ........................................... Energy goods and services 2 ....... Market-based PCE 3..................... Market-based PCE excluding food and energy 3 ............................. 103.605 101.196 97.552 103.263 104.900 103.919 101.129 97.381 103.257 105.420 104.298 101.515 97.396 103.856 105.794 104.715 102.235 97.239 105.079 106.048 104.955 102.466 97.036 105.560 106.292 105.259 102.978 96.969 106.407 106.485 105.424 102.950 96.981 106.355 106.754 105.615 103.061 96.752 106.659 106.990 105.705 102.741 96.397 106.356 107.303 106.119 103.190 96.272 107.137 107.697 106.421 103.448 96.288 107.530 108.024 107.001 104.656 96.168 109.510 108.265 107.335 104.983 95.958 110.142 108.605 107.655 105.452 96.019 110.837 108.846 107.893 105.584 95.932 111.088 109.143 103.291 102.370 110.317 103.497 103.702 103.033 108.465 103.761 103.945 103.930 110.295 104.130 104.068 104.565 115.277 104.565 104.209 104.842 117.086 104.817 104.330 105.275 120.255 105.157 104.493 105.781 119.949 105.305 104.679 105.963 120.250 105.462 104.869 106.365 118.216 105.474 105.154 106.714 120.827 105.878 105.418 107.086 121.639 106.225 105.606 107.534 129.136 106.870 105.875 107.653 130.899 107.211 106.109 108.475 131.953 107.556 106.250 108.983 133.484 107.813 103.112 103.480 103.690 103.785 103.924 104.056 104.199 104.344 104.458 104.712 105.022 105.220 105.486 105.735 105.881 Percent change from preceding period in price indexes, seasonally adjusted at monthly rates Personal consumption expenditures ............................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ Addenda: PCE excluding food and energy ... Food 1 ........................................... Energy goods and services 2 ....... Market-based PCE 3..................... Market-based PCE excluding food and energy 3 ............................. 0.4 0.6 –0.3 1.1 0.3 0.3 –0.1 –0.2 0.0 0.5 0.4 0.4 0.0 0.6 0.4 0.4 0.7 –0.2 1.2 0.2 0.2 0.2 –0.2 0.5 0.2 0.3 0.5 –0.1 0.8 0.2 0.2 0.0 0.0 0.0 0.3 0.2 0.1 –0.2 0.3 0.2 0.1 –0.3 –0.4 –0.3 0.3 0.4 0.4 –0.1 0.7 0.4 0.3 0.3 0.0 0.4 0.3 0.5 1.2 –0.1 1.8 0.2 0.3 0.3 –0.2 0.6 0.3 0.3 0.4 0.1 0.6 0.2 0.2 0.1 –0.1 0.2 0.3 0.2 –0.1 4.6 0.4 0.4 0.6 –1.7 0.3 0.2 0.9 1.7 0.4 0.1 0.6 4.5 0.4 0.1 0.3 1.6 0.2 0.1 0.4 2.7 0.3 0.2 0.5 –0.3 0.1 0.2 0.2 0.3 0.1 0.2 0.4 –1.7 0.0 0.3 0.3 2.2 0.4 0.3 0.3 0.7 0.3 0.2 0.4 6.2 0.6 0.3 0.1 1.4 0.3 0.2 0.8 0.8 0.3 0.1 0.5 1.2 0.2 0.1 0.4 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.2 0.3 0.2 0.1 2008 March April May June July 2009 August September October November December January February March April Chain-type price indexes (2005=100), seasonally adjusted Personal consumption expenditures (PCE) .................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ Addenda: PCE excluding food and energy ... Food 1 ........................................... Energy goods and services 2 ....... Market-based PCE 3..................... Market-based PCE excluding food and energy 3 ............................. 108.315 105.975 95.991 111.663 109.583 108.646 106.159 95.645 112.143 109.993 109.098 106.629 95.428 113.000 110.438 109.811 107.999 95.436 115.137 110.804 110.394 109.050 95.516 116.727 111.142 110.297 108.595 95.331 116.112 111.237 110.410 108.776 95.188 116.458 111.323 109.773 106.837 95.009 113.541 111.363 108.477 102.917 94.508 107.778 111.409 107.959 101.176 94.078 105.328 111.513 108.118 101.579 93.970 106.002 111.552 108.409 102.345 94.070 107.124 111.603 108.342 102.193 94.043 106.903 111.582 108.516 102.390 94.073 107.188 111.746 106.544 109.202 136.385 108.192 106.760 110.621 137.065 108.472 106.994 110.991 141.458 108.924 107.239 111.676 150.470 109.711 107.444 112.908 156.935 110.424 107.559 113.534 151.942 110.358 107.705 114.231 150.496 110.532 107.708 114.653 136.796 109.901 107.742 114.910 110.345 108.438 107.756 114.888 100.061 107.870 107.840 114.884 101.822 108.166 107.971 114.566 105.804 108.566 108.107 114.331 102.557 108.561 108.405 113.888 101.520 108.678 106.104 106.239 106.436 106.690 106.982 107.168 107.390 107.508 107.575 107.622 107.852 108.082 108.324 108.576 Percent change from preceding period in price indexes, seasonally adjusted at monthly rates Personal consumption expenditures ............................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ Addenda: PCE excluding food and energy ... Food 1 ........................................... Energy goods and services 2 ....... Market-based PCE 3..................... Market-based PCE excluding food and energy 3 ............................. 0.4 0.4 0.1 0.5 0.4 0.3 0.2 –0.4 0.4 0.4 0.4 0.4 –0.2 0.8 0.4 0.7 1.3 0.0 1.9 0.3 0.5 1.0 0.1 1.4 0.3 –0.1 –0.4 –0.2 –0.5 0.1 0.1 0.2 –0.2 0.3 0.1 –0.6 –1.8 –0.2 –2.5 0.0 –1.2 –3.7 –0.5 –5.1 0.0 –0.5 –1.7 –0.5 –2.3 0.1 0.1 0.4 –0.1 0.6 0.0 0.3 0.8 0.1 1.1 0.0 –0.1 –0.1 0.0 –0.2 0.0 0.2 0.2 0.0 0.3 0.1 0.3 0.2 2.2 0.4 0.2 1.3 0.5 0.3 0.2 0.3 3.2 0.4 0.2 0.6 6.4 0.7 0.2 1.1 4.3 0.6 0.1 0.6 –3.2 –0.1 0.1 0.6 –1.0 0.2 0.0 0.4 –9.1 –0.6 0.0 0.2 –19.3 –1.3 0.0 0.0 –9.3 –0.5 0.1 0.0 1.8 0.3 0.1 –0.3 3.9 0.4 0.1 –0.2 –3.1 0.0 0.3 –0.4 –1.0 0.1 0.2 0.1 0.2 0.2 0.3 0.2 0.2 0.1 0.1 0.0 0.2 0.2 0.2 0.2 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)—Table Ends 2009 May June July August 2010 September October November December January February March April May June p Chain-type price indexes (2005=100), seasonally adjusted Personal consumption expenditures (PCE) .................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ Addenda: PCE excluding food and energy ... Food 1 ........................................... Energy goods and services 2 ....... Market-based PCE 3..................... Market-based PCE excluding food and energy 3 ............................. 108.657 102.523 94.005 107.425 111.894 109.258 104.009 94.059 109.678 112.043 109.331 103.926 93.575 109.809 112.198 109.656 104.519 93.250 110.918 112.384 109.806 104.764 93.524 111.145 112.485 110.110 104.875 93.693 111.222 112.890 110.353 105.149 93.655 111.666 113.118 110.536 105.337 93.462 112.065 113.299 110.815 105.922 93.224 113.105 113.416 110.858 105.716 93.013 112.903 113.589 111.032 105.714 93.126 112.838 113.856 111.023 105.363 93.001 112.359 114.031 110.942 104.758 92.774 111.541 114.228 110.782 104.322 92.484 111.024 114.215 108.577 113.484 101.952 108.769 108.766 113.558 110.363 109.405 108.860 113.057 110.942 109.451 108.974 113.101 115.317 109.831 109.135 112.743 116.015 109.974 109.430 112.815 116.811 110.178 109.546 112.899 119.455 110.373 109.677 113.134 120.446 110.517 109.774 113.262 124.010 110.774 109.856 113.391 123.286 110.792 110.030 113.746 123.189 110.906 110.098 113.989 121.499 110.883 110.231 113.987 117.559 110.767 110.274 113.771 114.031 110.639 108.693 108.855 108.920 109.062 109.216 109.393 109.432 109.509 109.552 109.610 109.715 109.778 109.907 110.019 Percent change from preceding period in price indexes, seasonally adjusted at monthly rates Personal consumption expenditures ............................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ Addenda: PCE excluding food and energy ... Food 1 ........................................... Energy goods and services 2 ....... Market-based PCE 3..................... Market-based PCE excluding food and energy 3 ............................. 0.1 0.1 –0.1 0.2 0.1 0.6 1.4 0.1 2.1 0.1 0.1 –0.1 –0.5 0.1 0.1 0.3 0.6 –0.3 1.0 0.2 0.1 0.2 0.3 0.2 0.1 0.3 0.1 0.2 0.1 0.4 0.2 0.3 0.0 0.4 0.2 0.2 0.2 –0.2 0.4 0.2 0.3 0.6 –0.3 0.9 0.1 0.0 –0.2 –0.2 –0.2 0.2 0.2 0.0 0.1 –0.1 0.2 0.0 –0.3 –0.1 –0.4 0.2 –0.1 –0.6 –0.2 –0.7 0.2 –0.1 –0.4 –0.3 –0.5 0.0 0.2 –0.4 0.4 0.1 0.2 0.1 8.2 0.6 0.1 –0.4 0.5 0.0 0.1 0.0 3.9 0.3 0.1 –0.3 0.6 0.1 0.3 0.1 0.7 0.2 0.1 0.1 2.3 0.2 0.1 0.2 0.8 0.1 0.1 0.1 3.0 0.2 0.1 0.1 –0.6 0.0 0.2 0.3 –0.1 0.1 0.1 0.2 –1.4 0.0 0.1 0.0 –3.2 –0.1 0.0 –0.2 –3.0 –0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.1 p Preliminary 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 10. Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago 2006 2007 December January Disposable personal income......... Personal consumption expenditures ............................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ February March April May June 2008 July August September October November December January 3.4 3.0 2.9 2.6 2.5 2.0 2.3 2.4 2.2 1.6 1.4 1.5 1.6 1.4 3.3 4.6 5.4 4.1 2.6 3.0 2.9 2.6 3.1 3.0 2.8 2.9 4.0 2.3 2.7 2.6 3.2 3.6 3.0 2.2 2.6 2.7 3.6 2.2 2.5 2.7 3.9 6.9 2.3 2.1 2.5 3.1 4.0 2.6 2.2 2.2 2.6 2.9 2.5 2.0 2.7 3.3 5.7 2.0 2.4 2.3 3.1 5.4 1.9 2.0 1.8 2.3 5.2 0.8 1.6 1.9 2.2 4.2 1.1 1.8 1.5 1.0 2.2 0.4 1.7 1.2 0.2 1.0 –0.2 1.7 0.8 –0.7 –0.3 –0.9 1.6 2008 March Disposable personal income......... Personal consumption expenditures ............................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ April May June July 2009 August September October November December January March April 1.0 6.0 3.5 1.6 0.7 0.4 0.7 1.6 0.8 1.3 0.4 0.6 1.8 0.9 –0.3 –1.3 0.3 1.4 0.8 –0.2 –1.1 0.3 1.3 0.5 –0.8 –2.7 0.2 1.2 0.5 –0.6 –2.3 0.3 1.1 –0.2 –2.3 –4.6 –1.1 0.8 –0.6 –2.1 –4.4 –0.9 0.1 –1.3 –4.9 –9.0 –2.7 0.6 –1.5 –5.6 –12.1 –2.2 0.6 –1.7 –5.6 –12.0 –2.4 0.3 –2.4 –7.0 –12.8 –4.1 –0.1 –1.8 –4.5 –8.9 –2.4 –0.4 –1.6 –3.3 –7.9 –1.0 –0.8 –2.1 –4.9 –9.1 –2.9 –0.7 –2.3 –5.1 –9.9 –2.8 –0.9 2009 p Preliminary February 1.3 May Disposable personal income......... Personal consumption expenditures ............................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ February 4.4 June July August 2010 September October November December January February March April June p May –1.3 –0.4 0.8 1.4 1.2 0.6 0.0 0.8 0.1 1.0 1.1 0.7 –0.7 1.1 –2.2 –4.6 –8.8 –2.5 –1.1 –2.2 –4.3 –7.3 –2.8 –1.1 –1.5 –2.5 –3.1 –2.2 –0.9 –0.5 –0.1 2.2 –1.2 –0.6 –0.7 –0.5 –3.1 0.7 –0.8 –0.2 1.2 2.6 0.5 –0.8 0.0 2.1 4.8 0.9 –1.1 0.8 3.5 7.0 1.9 –0.5 0.1 1.8 2.9 1.4 –0.7 0.7 2.8 4.5 2.0 –0.3 1.5 5.1 10.0 2.8 –0.2 1.5 5.0 9.7 2.9 –0.2 1.6 4.2 8.1 2.4 0.4 1.7 4.3 7.8 2.7 0.5 Table 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago 2006 2007 December January Personal consumption expenditures (PCE) .................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ Addenda: PCE excluding food and energy ... Food 1 ........................................... Energy goods and services 2 ....... Market-based PCE 3..................... Market-based PCE excluding food and energy 3 ............................. February March April May June 2008 July August September October November December January 2.3 0.6 –1.8 1.9 3.2 2.2 –0.2 –1.9 0.8 3.4 2.5 0.5 –1.8 1.8 3.6 2.7 1.2 –1.8 2.8 3.6 2.6 0.8 –2.0 2.3 3.5 2.6 1.1 –1.9 2.8 3.4 2.6 1.1 –1.5 2.5 3.3 2.4 0.7 –1.7 2.0 3.3 2.1 –0.2 –2.1 0.9 3.3 2.7 1.4 –1.7 3.2 3.4 3.2 2.8 –1.8 5.3 3.5 3.7 4.0 –1.7 7.2 3.5 3.6 3.7 –1.6 6.7 3.5 3.6 4.3 –1.4 7.3 3.2 3.4 4.0 –1.5 7.0 3.2 2.3 1.4 3.7 2.2 2.5 1.7 –2.9 2.0 2.6 2.8 0.2 2.3 2.5 3.3 6.1 2.5 2.3 3.8 4.4 2.4 2.2 4.1 6.4 2.5 2.2 4.3 6.3 2.4 2.2 4.3 2.9 2.2 2.2 4.4 –1.3 1.8 2.2 4.3 7.6 2.5 2.3 4.4 17.0 3.1 2.4 4.9 22.4 3.6 2.5 5.2 18.7 3.6 2.3 5.3 21.7 3.7 2.2 4.9 21.0 3.5 2.2 2.4 2.4 2.2 2.1 2.0 1.9 1.9 1.8 1.9 2.0 2.2 2.3 2.2 2.1 June July October November December 2008 March Personal consumption expenditures (PCE) .................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ Addenda: PCE excluding food and energy ... Food 1 ........................................... Energy goods and services 2 ....... Market-based PCE 3..................... Market-based PCE excluding food and energy 3 ............................. April May 2009 August September January February March April 3.4 3.7 –1.3 6.3 3.3 3.5 3.6 –1.4 6.2 3.5 3.6 3.5 –1.6 6.2 3.7 4.2 4.9 –1.6 8.3 3.8 4.5 5.8 –1.3 9.4 3.9 4.3 5.7 –1.1 9.2 3.7 4.0 5.4 –1.1 8.7 3.4 3.1 3.3 –1.3 5.6 3.1 1.4 –1.7 –1.7 –1.6 2.9 0.6 –3.6 –2.0 –4.4 2.7 0.4 –3.7 –2.1 –4.4 2.5 0.5 –3.1 –1.9 –3.6 2.3 0.0 –3.6 –2.0 –4.3 1.8 –0.1 –3.6 –1.6 –4.4 1.6 2.4 4.4 18.3 3.5 2.4 5.5 17.1 3.5 2.6 5.4 17.6 3.6 2.6 5.6 25.4 4.2 2.6 6.6 30.5 4.7 2.6 6.7 28.5 4.6 2.4 7.0 24.6 4.4 2.2 7.1 12.5 3.5 2.0 6.9 –14.6 1.5 1.8 6.7 –23.6 0.6 1.6 5.9 –22.8 0.6 1.6 5.1 –20.7 0.7 1.5 4.7 –24.8 0.3 1.5 3.0 –25.9 0.2 2.2 2.2 2.3 2.4 2.5 2.6 2.6 2.4 2.2 2.0 2.0 2.1 2.1 2.2 2009 May Personal consumption expenditures (PCE) .................... Goods........................................... Durable goods .......................... Nondurable goods .................... Services........................................ Addenda: PCE excluding food and energy ... Food 1 ........................................... Energy goods and services 2 ....... Market-based PCE 3..................... Market-based PCE excluding food and energy 3 ............................. February June July August 2010 September October November December January February March April June p May –0.4 –3.9 –1.5 –4.9 1.3 –0.5 –3.7 –1.4 –4.7 1.1 –1.0 –4.7 –2.0 –5.9 1.0 –0.6 –3.8 –2.2 –4.5 1.0 –0.5 –3.7 –1.7 –4.6 1.0 0.3 –1.8 –1.4 –2.0 1.4 1.7 2.2 –0.9 3.6 1.5 2.4 4.1 –0.7 6.4 1.6 2.5 4.3 –0.8 6.7 1.7 2.3 3.3 –1.1 5.4 1.8 2.5 3.4 –1.0 5.6 2.0 2.3 2.9 –1.1 4.8 2.0 2.1 2.2 –1.3 3.8 2.1 1.4 0.3 –1.7 1.2 1.9 1.5 2.2 –27.9 –0.1 1.4 1.7 –26.7 –0.3 1.3 0.1 –29.3 –0.9 1.3 –0.4 –24.1 –0.5 1.3 –1.3 –22.9 –0.5 1.6 –1.6 –14.6 0.3 1.7 –1.8 8.3 1.8 1.8 –1.5 20.4 2.5 1.8 –1.4 21.8 2.4 1.7 –1.0 16.5 2.1 1.8 –0.5 20.1 2.2 1.6 0.1 19.7 2.0 1.5 0.4 15.3 1.8 1.4 0.2 3.3 1.1 2.1 2.0 1.8 1.8 1.7 1.8 1.7 1.8 1.6 1.4 1.3 1.1 1.1 1.1 p Preliminary 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 12. Revisions to Personal Income and Its Disposition Billions of dollars Revised estimates Personal income................................................................................................. Compensation of employees, received ........................................................ Wage and salary disbursements ............................................................... Private industries ...................................................................................... Goods-producing industries .................................................................. Manufacturing.................................................................................... Services-producing industries............................................................... Trade, transportation, and utilities...................................................... Other services-producing industries.................................................. Government .............................................................................................. Supplements to wages and salaries ......................................................... Employer contributions for employee pension and insurance funds ......... Employer contributions for government social insurance.......................... Proprietors’ income with inventory valuation and capital consumption adjustments................................................................................................. Farm ............................................................................................................. Nonfarm ........................................................................................................ Rental income of persons with capital consumption adjustment ............. Personal income receipts on assets............................................................. Personal interest income .............................................................................. Personal dividend income............................................................................. Personal current transfer receipts ................................................................ Government social benefits to persons ........................................................ Old-age, survivors, disability, and health insurance benefits..................... Government unemployment insurance benefits........................................ Other ......................................................................................................... Other current transfer receipts, from business (net) ..................................... Less: Contributions for government social insurance, domestic ............. Less: Personal current taxes ............................................................................ Equals: Disposable personal income............................................................... Less: Personal outlays ...................................................................................... Personal consumption expenditures................................................................. Goods ........................................................................................................... Durable goods........................................................................................... Nondurable goods..................................................................................... Services........................................................................................................ Personal interest payments 1 ............................................................................ Personal current transfer payments.................................................................. To government .............................................................................................. To the rest of the world (net) ......................................................................... Equals: Personal saving .................................................................................... Personal saving as a percentage of disposable personal income ............ Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars 2 ............................................................................................ Disposable personal income: Total, billions of chained (2005) dollars 2 ...................................................... Per capita: Current dollars .......................................................................................... Chained (2005) dollars.............................................................................. Population (midperiod, thousands) 3 ................................................................ Revisions as a percentage of previously published Revisions to previously published 2007 2008 2009 2007 2008 2009 2007 2008 11,912.3 7,862.2 6,421.7 5,332.7 1,213.4 752.2 4,119.3 1,045.2 3,074.1 1,089.0 1,440.4 980.5 459.9 12,391.1 8,065.8 6,559.0 5,415.1 1,207.6 741.2 4,207.4 1,050.9 3,156.6 1,144.0 1,506.8 1,036.6 470.1 12,174.9 7,806.7 6,274.1 5,100.5 1,064.0 661.5 4,036.6 990.5 3,046.1 1,173.6 1,532.6 1,072.0 460.6 18.2 –0.5 12.8 12.9 0.5 –1.3 12.4 0.5 11.9 –0.1 –13.4 –12.5 –0.9 152.3 23.4 13.1 10.5 1.1 –0.8 9.3 2.6 6.8 2.7 10.2 12.7 –2.6 155.9 28.2 –2.4 6.4 2.0 2.1 4.5 5.1 –0.6 –8.8 30.7 28.1 2.6 1,090.4 37.8 1,052.6 143.7 2,057.0 1,265.1 791.9 1,718.5 1,687.9 1,003.2 32.3 652.4 30.5 959.5 1,488.7 10,423.6 10,208.9 9,806.3 3,357.7 1,159.4 2,198.2 6,448.6 260.9 141.7 82.4 59.3 214.7 2.1 1,102.0 50.8 1,051.2 222.0 2,109.3 1,314.7 794.6 1,879.2 1,842.6 1,068.3 50.7 723.6 36.7 987.2 1,438.2 10,952.9 10,505.0 10,104.5 3,379.5 1,083.5 2,296.0 6,725.0 246.2 154.3 89.7 64.6 447.9 4.1 1,011.9 30.5 981.5 274.0 1,919.7 1,222.3 697.4 2,132.8 2,096.8 1,164.5 128.6 803.7 36.0 970.3 1,140.0 11,034.9 10,379.6 10,001.3 3,230.7 1,026.5 2,204.2 6,770.6 216.8 161.4 95.0 66.5 655.3 5.9 –6.0 –1.6 –4.3 –1.2 25.5 –1.3 26.8 0.5 0.1 –0.5 0.0 0.7 0.3 0.2 –2.2 20.5 –15.4 –20.1 –7.3 –1.1 –6.3 –12.8 4.1 0.7 0.1 0.6 35.8 0.4 –4.3 2.1 –6.3 11.6 114.9 6.7 108.2 3.3 –0.6 –2.0 0.1 1.2 4.1 –3.4 5.8 146.5 –15.0 –25.4 –23.7 –11.7 –12.0 –1.8 8.5 2.0 1.8 0.1 161.5 1.4 –29.1 –0.5 –0.4 –2.8 1.2 –4.1 4.3 4.1 –30.2 –0.4 –0.6 –3.0 5.9 –0.8 5.5 2.2 127.1 1.3 5.8 7.1 –16.2 –0.1 0.5 –1.3 143.2 3.5 15.8 25.8 28.0 0.0 0.2 1.3 24.8 0.0 0.0 1.2 7.8 0.0 –0.2 0.7 6.6 0.0 0.2 5.4 10.4 0.1 0.2 1.3 3.3 1.0 12.6 10.1 4.4 0.0 –0.3 0.5 38.3 –0.1 0.4 3.5 117.6 0.2 1.4 1.1 –79.1 –0.2 –0.1 –0.8 –87.8 –0.2 –0.3 –0.9 –24.5 –0.2 –0.7 –0.8 –8.5 –0.1 –1.1 –0.8 –16.0 –0.3 –0.5 –0.7 –63.3 –0.2 0.0 –0.9 2.9 1.6 3.6 1.4 5.7 0.5 1.3 3.7 2.8 0.1 2.0 3.0 3.0 1.0 0.2 4.7 196.7 ..................... .................... ..................... 1.7 ..................... .................... ..................... 9,656.5 9,638.5 9,191.1 11.1 133.9 116.0 0.1 1.4 1.3 9,874.2 10,042.9 10,099.8 13.6 131.6 106.6 0.1 1.3 1.1 34,512 32,693 302,025 35,931 32,946 304,831 35,888 32,847 307,483 67 45 0 481 432 0 383 347 0 0.2 0.1 0.0 1.4 1.3 0.0 1.1 1.1 0.0 0.2 0.0 0.2 0.2 0.0 –0.2 0.3 0.0 0.4 0.0 –0.9 –1.3 –0.2 2009 1.2 0.3 0.2 0.2 0.1 –0.1 0.2 0.2 0.2 0.2 0.7 1.2 –0.6 1.3 0.4 0.0 0.1 0.2 0.3 0.1 0.5 0.0 –0.7 2.0 2.7 0.6 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 13. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Months)—Continues 2006 2007 December January February March April May June 2008 July August September October November December January February Seasonally adjusted at annual rates Change from preceding period in billions of dollars: Personal income ....................... Previously published ............. Disposable personal income .... Previously published ............. Personal consumption expenditures ......................... Previously published ............. 101.6 101.6 77.8 77.8 50.4 38.2 23.0 10.3 73.1 80.9 54.7 63.3 74.4 73.3 62.4 59.2 27.6 7.3 24.9 6.0 27.2 31.3 23.7 26.6 15.1 37.6 7.8 29.8 48.8 32.4 41.9 26.4 25.0 46.0 23.3 41.7 92.6 71.1 83.3 61.2 40.6 44.8 38.3 41.3 66.9 52.0 56.2 41.6 95.2 37.3 82.3 29.2 30.8 –2.3 32.1 1.1 36.0 –5.8 29.5 –10.5 90.5 90.5 37.2 62.9 43.1 39.7 47.6 54.2 41.3 29.2 43.6 31.6 11.9 13.4 34.5 34.7 35.9 50.0 50.1 46.6 28.6 40.7 74.1 88.3 42.6 19.1 13.4 18.2 –10.1 –2.2 Personal saving as a percentage of disposable personal income ..................... Previously published................. 2.4 2.4 2.2 1.9 2.3 2.1 2.5 2.2 2.2 1.8 1.9 1.7 1.8 1.8 1.8 1.7 1.7 1.6 2.0 1.7 2.1 1.7 1.9 1.3 2.3 1.4 2.4 1.3 2.8 1.3 Personal income........................... Previously published................. 0.9 0.9 0.4 0.3 0.6 0.7 0.6 0.6 0.2 0.1 0.2 0.3 0.1 0.3 0.4 0.3 0.2 0.4 0.8 0.6 0.3 0.4 0.6 0.4 0.8 0.3 0.3 0.0 0.3 0.0 Disposable personal income ........ Previously published................. 0.8 0.8 0.2 0.1 0.5 0.6 0.6 0.6 0.2 0.1 0.2 0.3 0.1 0.3 0.4 0.3 0.2 0.4 0.8 0.6 0.4 0.4 0.5 0.4 0.8 0.3 0.3 0.0 0.3 –0.1 Personal consumption expenditures ............................. Previously published................. 1.0 1.0 0.4 0.7 0.4 0.4 0.5 0.6 0.4 0.3 0.4 0.3 0.1 0.1 0.4 0.4 0.4 0.5 0.5 0.5 0.3 0.4 0.7 0.9 0.4 0.2 0.1 0.2 –0.1 0.0 Real disposable personal income Previously published................. 0.4 0.4 –0.1 –0.2 0.2 0.3 0.2 0.2 0.0 –0.1 –0.1 0.0 –0.1 0.1 0.2 0.1 0.1 0.3 0.4 0.2 0.1 0.0 0.0 –0.3 0.5 0.0 0.0 –0.2 0.1 –0.3 Real personal consumption expenditures ............................. Previously published................. 0.6 0.6 0.1 0.4 0.1 0.1 0.1 0.2 0.2 0.1 0.2 0.1 0.0 0.0 0.2 0.2 0.3 0.4 0.1 0.1 0.0 0.0 0.2 0.2 0.1 –0.1 –0.2 –0.1 –0.3 –0.2 Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates Percent change from preceding period for chained-dollar measures, seasonally adjusted at monthly rates 2008 March April May June July 2009 August September October November December January February March April Seasonally adjusted at annual rates Change from preceding period in billions of dollars: Personal income ....................... Previously published ............. Disposable personal income .... Previously published ............. Personal consumption expenditures ......................... Previously published ............. Personal saving as a percentage of disposable personal income ..................... Previously published................. 55.2 17.6 47.4 13.6 –12.7 10.6 7.2 28.6 185.6 199.3 578.6 591.7 2.0 –7.7 –209.0 –217.3 –114.4 –99.4 –123.5 –112.0 52.9 43.6 –90.1 –98.0 6.3 8.2 16.4 22.9 –33.9 –38.4 –19.4 –18.7 –58.9 –32.6 –34.0 –9.3 –118.4 –39.0 –90.7 –23.7 –97.5 –158.3 70.9 42.2 –88.0 –101.2 –56.2 –74.7 –24.9 –54.4 14.7 –21.4 63.2 87.1 118.2 149.1 52.7 50.8 41.3 32.0 36.9 23.5 58.8 56.5 –3.9 –8.8 –20.9 0.7 –44.1 –35.4 –80.9 –78.0 –124.1 –105.0 –104.2 –116.7 64.4 75.7 10.6 38.6 –44.7 –32.4 4.0 –10.8 2.8 1.0 2.5 0.8 7.1 5.8 4.8 3.5 3.8 2.6 3.2 1.7 3.8 2.2 4.5 2.9 5.4 3.8 5.7 4.7 5.6 4.4 5.0 3.4 5.6 3.5 6.6 4.9 Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates Personal income........................... Previously published................. 0.4 0.1 –0.1 0.1 1.5 1.6 0.0 –0.1 –0.9 –0.8 0.4 0.4 0.1 0.1 –0.3 –0.3 –0.5 –0.3 –1.0 –0.3 –0.8 –1.3 –0.7 –0.8 –0.2 –0.5 0.5 0.7 Disposable personal income ........ Previously published................. 0.4 0.1 0.1 0.3 5.4 5.6 –1.8 –1.9 –1.1 –1.0 –0.8 –0.9 0.1 0.2 –0.2 –0.2 –0.3 –0.1 –0.8 –0.2 0.7 0.4 –0.5 –0.7 0.1 –0.2 1.1 1.4 Personal consumption expenditures ............................. Previously published................. 0.5 0.5 0.4 0.3 0.4 0.2 0.6 0.6 0.0 –0.1 –0.2 0.0 –0.4 –0.3 –0.8 –0.8 –1.2 –1.0 –1.0 –1.2 0.7 0.8 0.1 0.4 –0.5 –0.3 0.0 –0.1 Percent change from preceding period for chained-dollar measures, seasonally adjusted at monthly rates Real disposable personal income Previously published................. 0.0 –0.2 –0.2 0.0 4.9 5.2 –2.5 –2.6 –1.6 –1.5 –0.7 –0.9 0.0 0.1 0.4 0.3 0.9 1.1 –0.4 0.3 0.5 0.2 –0.8 –1.0 0.2 –0.1 0.9 1.3 Real personal consumption expenditures ............................. Previously published................. 0.1 0.2 0.1 0.1 –0.1 –0.1 –0.1 –0.1 –0.6 –0.6 –0.1 0.0 –0.5 –0.5 –0.2 –0.3 –0.1 0.1 –0.6 –0.7 0.5 0.6 –0.2 0.1 –0.4 –0.2 –0.1 –0.2 Table 13. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Months)—Table Ends 2009 May June July August 2010 September October November December January February March April May Seasonally adjusted at annual rates Change from preceding period in billions of dollars: Personal income ....................... Previously published ............. Disposable personal income .... Previously published ............. Personal consumption expenditures ......................... Previously published ............. 200.3 177.1 211.1 188.5 –121.8 –117.2 –116.7 –104.6 –40.7 –54.5 –47.4 –55.8 25.5 36.7 17.3 36.0 –4.1 16.8 –2.0 20.3 9.0 –4.9 10.1 0.5 58.7 41.8 58.1 39.4 63.3 53.1 64.3 50.2 32.1 46.3 14.2 33.1 16.2 5.1 15.1 5.1 54.5 54.3 50.4 51.2 54.2 59.4 57.7 63.7 40.5 53.7 36.9 49.0 16.5 11.2 55.2 71.3 20.7 17.8 119.0 129.0 –65.1 –64.6 61.0 55.8 30.2 53.2 40.2 37.0 14.4 23.6 47.1 48.0 49.8 57.3 –10.9 1.4 8.6 24.4 Personal saving as a percentage of disposable personal income ..................... Previously published................. 8.2 6.4 6.7 4.9 6.1 4.3 5.1 3.4 5.7 4.2 5.3 3.7 5.6 3.6 5.8 3.7 5.8 3.8 5.4 3.4 5.4 3.3 6.0 3.8 6.3 4.0 Personal income........................... Previously published................. 1.7 1.5 –1.0 –1.0 –0.3 –0.5 0.2 0.3 0.0 0.1 0.1 0.0 0.5 0.3 0.5 0.4 0.3 0.4 0.1 0.0 0.4 0.4 0.4 0.5 0.3 0.4 Disposable personal income ........ Previously published................. 1.9 1.7 –1.0 –0.9 –0.4 –0.5 0.2 0.3 0.0 0.2 0.1 0.0 0.5 0.4 0.6 0.5 0.1 0.3 0.1 0.0 0.4 0.5 0.5 0.6 0.3 0.4 Personal consumption expenditures ............................. Previously published................. 0.2 0.1 0.6 0.7 0.2 0.2 1.2 1.3 –0.6 –0.6 0.6 0.6 0.3 0.5 0.4 0.4 0.1 0.2 0.5 0.5 0.5 0.6 –0.1 0.0 0.1 0.2 Real disposable personal income Previously published................. 1.8 1.7 –1.6 –1.5 –0.5 –0.5 –0.1 0.0 –0.2 0.1 –0.2 –0.3 0.3 0.2 0.4 0.3 –0.1 0.1 0.1 0.0 0.3 0.3 0.5 0.6 0.4 0.5 Real personal consumption expenditures ............................. Previously published................. 0.0 0.0 0.0 0.2 0.1 0.2 0.9 1.0 –0.8 –0.7 0.3 0.3 0.1 0.3 0.2 0.2 –0.1 0.1 0.4 0.5 0.3 0.4 –0.1 0.0 0.2 0.3 Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates Percent change from preceding period for chained-dollar measures, seasonally adjusted at monthly rates Table 14. Changes in Personal Income and Related Measures: Comparisons With Previously Published Estimates (Years and Quarters) Seasonally adjusted at annual rates 2006 2007 2008 2009 2006 2007 IV I II III IV Change from preceding period in billions of dollars: Personal income ........................................................................ Previously published .............................................................. Disposable personal income ..................................................... Previously published .............................................................. Personal consumption expenditures.......................................... Previously published .............................................................. 782.2 782.2 638.4 638.4 503.7 503.7 644.2 626.0 507.9 487.4 483.6 503.7 478.8 344.7 529.3 403.3 298.2 303.5 –216.2 –219.8 82.0 110.9 –103.2 –40.8 167.9 167.9 128.7 128.7 92.3 92.3 209.5 202.1 144.3 136.2 148.7 174.4 124.7 116.5 103.1 94.3 120.4 104.0 115.4 122.2 98.3 103.3 97.6 103.1 187.0 154.7 166.5 133.4 137.6 153.6 Personal saving as a percentage of disposable personal income...................................................................................... Previously published.................................................................. 2.4 2.4 2.1 1.7 4.1 2.7 5.9 4.2 2.5 2.5 2.3 2.0 2.0 1.8 1.8 1.6 2.1 1.5 Percent change from preceding period for current-dollar measures Personal income............................................................................ Previously published.................................................................. 7.5 7.5 5.7 5.6 4.0 2.9 –1.7 –1.8 6.1 6.1 7.5 7.2 4.3 4.0 4.0 4.2 6.4 5.3 Disposable personal income ......................................................... Previously published.................................................................. 6.9 6.9 5.1 4.9 5.1 3.9 0.7 1.0 5.3 5.3 5.8 5.5 4.1 3.7 3.9 4.1 6.5 5.2 Personal consumption expenditures ............................................. Previously published.................................................................. 5.7 5.7 5.2 5.4 3.0 3.1 –1.0 –0.4 4.0 4.0 6.4 7.6 5.1 4.4 4.1 4.3 5.7 6.4 Real disposable personal income ................................................. Previously published.................................................................. 4.0 4.0 2.3 2.2 1.7 0.5 0.6 0.8 5.3 5.3 1.8 1.7 0.6 0.5 1.5 1.7 2.2 0.1 Real personal consumption expenditures ..................................... Previously published.................................................................. 2.9 2.9 2.4 2.6 –0.3 –0.2 –1.2 –0.6 4.1 4.1 2.4 3.7 1.5 1.1 1.7 1.9 1.4 1.2 Percent change from preceding period for chained-dollar measures Seasonally adjusted at annual rates 2008 I II 2009 III IV I II 2010 III IV I Change from preceding period in billions of dollars: Personal income ........................................................................ Previously published .............................................................. Disposable personal income ..................................................... Previously published .............................................................. Personal consumption expenditures.......................................... Previously published .............................................................. 159.0 41.9 141.2 32.0 77.3 75.9 160.5 150.7 364.6 356.3 117.3 99.6 –13.9 –6.3 –124.5 –117.4 19.0 25.4 –90.7 –53.1 –91.4 –50.2 –234.8 –210.3 –263.1 –280.8 –33.5 –33.7 –54.2 –22.1 110.2 96.1 211.1 200.8 7.1 11.6 –39.4 –43.6 –43.9 –31.9 120.6 133.6 75.0 64.2 74.7 69.0 90.8 103.5 122.8 117.1 103.3 100.1 99.3 117.1 Personal saving as a percentage of disposable personal income...................................................................................... Previously published.................................................................. 2.7 1.2 4.8 3.4 3.6 2.2 5.2 3.8 5.4 3.7 7.2 5.4 5.6 3.9 5.5 3.7 5.5 3.5 Percent change from preceding period for current-dollar measures Personal income............................................................................ Previously published.................................................................. 5.3 1.4 5.3 5.1 –0.4 –0.2 –2.9 –1.7 –8.2 –8.9 3.7 3.3 –1.3 –1.4 2.5 2.2 4.1 3.9 Disposable personal income ......................................................... Previously published.................................................................. 5.4 1.2 14.3 14.1 –4.4 –4.2 –3.3 –1.8 –1.2 –1.2 8.0 7.7 –1.6 –1.2 2.7 2.5 3.8 3.7 Personal consumption expenditures ............................................. Previously published.................................................................. 3.1 3.1 4.7 4.0 0.7 1.0 –8.9 –8.0 –2.2 –0.9 0.3 0.5 5.0 5.5 3.7 4.1 4.0 4.7 Percent change from preceding period for chained-dollar measures Real disposable personal income ................................................. Previously published.................................................................. 1.4 –2.4 9.2 9.8 –8.4 –8.5 2.7 3.4 0.4 0.2 5.9 6.2 –4.4 –3.6 0.0 0.0 1.7 2.1 Real personal consumption expenditures ..................................... Previously published.................................................................. –0.8 –0.6 0.1 0.1 –3.5 –3.5 –3.3 –3.1 –0.5 0.6 –1.6 –0.9 2.0 2.8 0.9 1.6 1.9 3.0