Monday, August 29, 2011

PERSONAL INCOME AND OUTLAYS: JULY 2011


Personal income increased $42.4 billion, or 0.3 percent, and disposable personal income (DPI) increased $32.5 billion, or 0.3 percent, in July, according to the Bureau of Economic Analysis.

By Bob DeMarco
All American Investor

Personal consumption expenditures (PCE) increased $88.4 billion, or 0.8 percent. In June, personal income increased $27.7 billion, or 0.2 percent, DPI increased $22.6 billion, or 0.2 percent, and PCE decreased $14.3 billion, or 0.1 percent, based on revised estimates.


Wages and salaries

Private wage and salary disbursements increased $24.3 billion in July, compared with an increase of $8.9 billion in June. Goods-producing industries' payrolls increased $3.7 billion, in contrast to a decrease of $0.3 billion; manufacturing payrolls increased $3.6 billion, in contrast to a decrease of $0.9 billion. Services-producing industries' payrolls increased $20.5 billion, compared with an increase of $9.2 billion. Government wage and salary disbursements decreased $0.1 billion in July; government wage and salary disbursements were unchanged in June.

For the detailed report, Bureau of Economic Analysis PERSONAL INCOME AND OUTLAYS: JULY 2011 go here.


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Original content Bob DeMarco, All American Investor