Friday, August 29, 2008
Tweet[IWS] BEA: PERSONAL INCOME AND OUTLAYS - July 2008 [29 August 2008]
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
________________________________________________________________________
Bureau of Economic Analysis (BEA)
PERSONAL INCOME AND OUTLAYS - July 2008 [29 August 2008]
http://www.bea.gov/newsreleases/national/pi/2008/pi0708.htm
or
http://www.bea.gov/newsreleases/national/pi/2008/pdf/pi0708.pdf
[full-text, 13 pages]
or
http://www.bea.gov/newsreleases/national/pi/2008/xls/pi0708.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/newsreleases/national/pi/2008/pdf/pi0708_fax.pdf
Personal income decreased $89.9 billion, or 0.7 percent, in July, in contrast to an increase of $7.4
billion, or 0.1 percent, in June and an increase of $218.0 billion, or 1.8 percent, in May. Disposable
personal income (DPI) decreased $114.7 billion, or 1.1 percent, in July, compared with a decrease of
$208.0 billion, or 1.9 percent, in June and an increase of $595.9 billion, or 5.7 percent in May. Personal
consumption expenditures (PCE) increased $24.1 billion, or 0.2 percent, in July, compared with an
increase of $65.5 billion, or 0.6 percent, in June. The pattern of changes in income reflects the pattern of
payments associated with the Economic Stimulus Act of 2008 (see page 2).
Real DPI decreased 1.7 percent in July, compared with a decrease of 2.6 percent in June. Real PCE
decreased 0.4 percent, compared with a decrease of 0.1 percent.
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
________________________________________________________________________
Bureau of Economic Analysis (BEA)
PERSONAL INCOME AND OUTLAYS - July 2008 [29 August 2008]
http://www.bea.gov/newsreleases/national/pi/2008/pi0708.htm
or
http://www.bea.gov/newsreleases/national/pi/2008/pdf/pi0708.pdf
[full-text, 13 pages]
or
http://www.bea.gov/newsreleases/national/pi/2008/xls/pi0708.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/newsreleases/national/pi/2008/pdf/pi0708_fax.pdf
Personal income decreased $89.9 billion, or 0.7 percent, in July, in contrast to an increase of $7.4
billion, or 0.1 percent, in June and an increase of $218.0 billion, or 1.8 percent, in May. Disposable
personal income (DPI) decreased $114.7 billion, or 1.1 percent, in July, compared with a decrease of
$208.0 billion, or 1.9 percent, in June and an increase of $595.9 billion, or 5.7 percent in May. Personal
consumption expenditures (PCE) increased $24.1 billion, or 0.2 percent, in July, compared with an
increase of $65.5 billion, or 0.6 percent, in June. The pattern of changes in income reflects the pattern of
payments associated with the Economic Stimulus Act of 2008 (see page 2).
Real DPI decreased 1.7 percent in July, compared with a decrease of 2.6 percent in June. Real PCE
decreased 0.4 percent, compared with a decrease of 0.1 percent.
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 : 9:13 AM
