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[IWS] BEA: PERSONAL INCOME AND OUTLAYS: JULY 2014 [29 August 2014]
IWS Documented News Service
Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor--------------------Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Bureau of Economic Analysis (BEA)
PERSONAL INCOME AND OUTLAYS: JULY 2014 [29 August 2014]
[full-text, 11 pages]
Personal income increased $28.6 billion, or 0.2 percent, and disposable personal income (DPI) increased $17.7 billion,
or 0.1 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE)
decreased $13.6 billion, or 0.1 percent. In June, personal income increased $67.1 billion, or 0.5 percent, DPI
increased $62.9 billion, or 0.5 percent, and PCE increased $50.5 billion, or 0.4 percent, based on revised estimates.
Real DPI increased 0.1 percent in July, compared with an increase of 0.3 percent in June. Real PCE decreased
0.2 percent, in contrast to an increase of 0.2 percent.
Mar. Apr. May June July
(Percent change from preceding month)
Personal income, current dollars 0.6 0.4 0.5 0.5 0.2
Disposable personal income:
Current dollars 0.6 0.5 0.5 0.5 0.1
Chained (2009) dollars 0.5 0.3 0.3 0.3 0.1
Personal consumption expenditures:
Current dollars 0.8 0.2 0.3 0.4 -0.1
Chained (2009) dollars 0.6 -0.1 0.1 0.2 -0.2
This news release presents revised estimates of wages and salaries, personal taxes, and contributions for government
social insurance for January through March 2014 (first quarter). These estimates reflect the incorporation of the most
recently available first-quarter wage and salary tabulations from the quarterly census of employment and wages from
the Bureau of Labor Statistics.
Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified. Month-to-month
dollar changes are differences between these published estimates. Month-to-month percent changes are calculated from
unrounded data and are not annualized. Real estimates are in chained (2009) dollars.
This news release is available on BEA's Web site at www.bea.gov/newsreleases/rels.htm.
Wages and salaries
Private wages and salaries increased $12.9 billion in July, compared with an increase of $25.6 billion in June.
Goods-producing industries' payrolls increased $0.7 billion, compared with an increase of $8.8 billion; manufacturing
payrolls were unchanged in July and increased $5.1 billion in June. Services-producing industries' payrolls increased
$12.3 billion in July, compared with an increase of $16.8 billion in June. Government wages and salaries increased
$1.7 billion, compared with an increase of $1.8 billion.
Other personal income
Supplements to wages and salaries increased $3.7 billion in July, compared with an increase of $4.8 billion in June.
AND MUCH MORE...including TABLES....
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