Monday, April 30, 2007
Tweet[IWS] BEA: PERSONAL INCOME AND OUTLAYS: MARCH 2007 [30 April 2007]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
PERSONAL INCOME AND OUTLAYS: MARCH 2007 [30 April 2007]
http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
or
http://www.bea.gov/newsreleases/national/pi/2007/pdf/pi0307.pdf
[full-text, 12 pages]
or
http://www.bea.gov/newsreleases/national/pi/2007/xls/pi0307.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/newsreleases/national/pi/2007/pdf/pi0307_fax.pdf
Personal income increased $79.9 billion, or 0.7 percent, and disposable personal income (DPI)
increased $65.5 billion, or 0.7 percent, in March, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $24.4 billion, or 0.3 percent. In February,
personal income increased $74.9 billion, or 0.7 percent, DPI increased $62.3 billion, or 0.6 percent,
and PCE increased $69.2 billion, or 0.7 percent based on revised estimates.
[TABLE omitted]
Wages and salaries
Private wage and salary disbursements increased $38.3 billion in March, compared with an
increase of $25.3 billion in February and an increase of $66.3 billion in January. The January change
in private wages and salaries reflected an adjustment of $50.0 billion (at an annual rate) for
unusually large bonus payments and the exercise of stock options, based on data from state
governments and from other sources. These types of irregular payments are not accounted for in the
primary monthly source data for wages and salaries. (The March and February changes to private
wages and salaries were not affected because the $50 billion adjustment was made to each month of
the first quarter.) Goods-producing industries' payrolls increased $11.5 billion in March, compared
with an increase of $1.5 billion in February; manufacturing payrolls increased $5.7 billion,
compared with an increase of $1.4 billion. Services-producing industries' payrolls increased $26.8
billion, compared with an increase of $23.7 billion Government wage and salary disbursements
increased $3.2 billion, compared with an increase of $4.4 billion.
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
PERSONAL INCOME AND OUTLAYS: MARCH 2007 [30 April 2007]
http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
or
http://www.bea.gov/newsreleases/national/pi/2007/pdf/pi0307.pdf
[full-text, 12 pages]
or
http://www.bea.gov/newsreleases/national/pi/2007/xls/pi0307.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/newsreleases/national/pi/2007/pdf/pi0307_fax.pdf
Personal income increased $79.9 billion, or 0.7 percent, and disposable personal income (DPI)
increased $65.5 billion, or 0.7 percent, in March, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $24.4 billion, or 0.3 percent. In February,
personal income increased $74.9 billion, or 0.7 percent, DPI increased $62.3 billion, or 0.6 percent,
and PCE increased $69.2 billion, or 0.7 percent based on revised estimates.
[TABLE omitted]
Wages and salaries
Private wage and salary disbursements increased $38.3 billion in March, compared with an
increase of $25.3 billion in February and an increase of $66.3 billion in January. The January change
in private wages and salaries reflected an adjustment of $50.0 billion (at an annual rate) for
unusually large bonus payments and the exercise of stock options, based on data from state
governments and from other sources. These types of irregular payments are not accounted for in the
primary monthly source data for wages and salaries. (The March and February changes to private
wages and salaries were not affected because the $50 billion adjustment was made to each month of
the first quarter.) Goods-producing industries' payrolls increased $11.5 billion in March, compared
with an increase of $1.5 billion in February; manufacturing payrolls increased $5.7 billion,
compared with an increase of $1.4 billion. Services-producing industries' payrolls increased $26.8
billion, compared with an increase of $23.7 billion Government wage and salary disbursements
increased $3.2 billion, compared with an increase of $4.4 billion.
AND MUCH MORE...including TABLES....
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 8:39 AM
