IWS Documented News DAILY POSTINGS

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
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PERSONAL INCOME AND OUTLAYS: AUGUST 2011 [30 September 2011]

http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

or

http://www.bea.gov/newsreleases/national/pi/2011/pdf/pi0811.pdf

[full-text, 12 pages]

or

http://www.bea.gov/newsreleases/national/pi/2011/xls/pi0811.xls

[spreadsheet]

and

Highlights

http://www.bea.gov/newsreleases/national/pi/2011/pdf/pi0811_fax.pdf

Personal income decreased $7.3 billion, or 0.1 percent, and disposable personal income (DPI)

decreased $5.0 billion, or less than 0.1 percent, in August, according to the Bureau of Economic

Analysis.  Personal consumption expenditures (PCE) increased $22.7 billion, or 0.2 percent.  In July,

personal income increased $17.1 billion, or 0.1 percent, DPI increased $14.4 billion, or 0.1 percent,

and PCE increased $76.6 billion, or 0.7 percent, based on revised estimates.

Real disposable income decreased 0.3 percent in August, compared with a decrease of 0.2

percent in July.  Real PCE decreased less than 0.1 percent, in contrast to an increase of 0.4 percent.

[Table]

                                Wages and salaries

Private wage and salary disbursements decreased $12.2 billion in August, in contrast to an increase

of $23.8 billion in July.  Goods-producing industries' payrolls decreased $1.3 billion, in contrast to an

increase of $6.3 billion; manufacturing payrolls decreased $2.9 billion, in contrast to an increase of $5.8 billion.

Services-producing industries' payrolls decreased $10.9 billion, in contrast to an increase of $17.5 billion.

Government wage and salary disbursements increased $0.4 billion, in contrast to a decrease of $1.8 billion.

                                Other personal income

Supplements to wages and salaries increased $1.1 billion in August, compared with an increase of $3.3 billion in July.

Proprietors' income increased $6.5 billion in August, compared with an increase of $3.1 billion in July.  Farm

proprietors' income increased $0.7 billion, compared with an increase of $0.8 billion.  Nonfarm proprietors'

income increased $5.7 billion, compared with an increase of $2.5 billion.

Rental income of persons increased $8.3 billion in August, compared with an increase of $8.1 billion in July.

Personal income receipts on assets (personal interest income plus personal dividend income) decreased $5.7 billion,

compared with a decrease of $5.8 billion.

Personal current transfer receipts decreased $7.1 billion in August, compared with a decrease of $10.7 billion

in July.  Government social benefits to persons for Medicaid decreased $10.5 billion, compared with a decrease of $13.6 billion.

Contributions for government social insurance -- a subtraction in calculating personal income --  decreased $1.3 billion

in August, in contrast to an increase of $3.0 billion in July.

AND MUCH MORE…including TABLES….

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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.

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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) 262-6041               
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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