Monday, August 30, 2010

Personal Income and Outlays, July 2010


By Bob DeMarco
All American Investor

Personal income increased $30.0 billion, or 0.2 percent, and disposable personal income (DPI) increased $17.6 billion, or 0.2 percent, in July, according to the Bureau of Economic Analysis.

Personal consumption expenditures (PCE) increased $44.1 billion, or 0.4 percent. In June, personal income decreased $2.7 billion, or less than 0.1 percent, DPI decreased $0.2 billion, or less than 0.1 percent, and PCE decreased $4.0 billion, or less than 0.1 percent, based on revised estimates.

Real disposable income decreased 0.1 percent in July, in contrast to an increase of 0.1 percent in June. Real PCE increased 0.2 percent, compared with an increase of 0.1 percent.


Wages and salaries

Private wage and salary disbursements increased $23.3 billion in July, in contrast to a decrease of $5.0 billion in June. Goods-producing industries' payrolls increased $6.3 billion, in contrast to a decrease of $8.5 billion; manufacturing payrolls increased $5.3 billion, in contrast to a decrease of $5.3 billion.

Services-producing industries' payrolls increased $17.0 billion, compared with an increase of $3.5 billion.

Government wage and salary disbursements decreased $1.1 billion, compared with a decrease of $3.3 billion.

The decline in the number of temporary workers for Census 2010 subtracted $1.4 billion at an annual rate from federal civilian payrolls in July and subtracted $3.4 billion in June.

Read more http://www.bea.gov/newsreleases/rels.htm

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Original content Bob DeMarco, All American Investor