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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

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

________________________________________________________________________

This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

Bureau of Economic Analysis (BEA)

 

PERSONAL INCOME AND OUTLAYS: JULY 2014 [29 August 2014]

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

or

http://www.bea.gov/newsreleases/national/pi/2014/pdf/pi0714.pdf

[full-text, 11 pages]

or

Tables

http://www.bea.gov/newsreleases/national/pi/2014/xls/pi0714.xls

and

Highlights

http://www.bea.gov/newsreleases/national/pi/2014/pdf/pi0714_fax.pdf

 

 

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.

 

                                        2014

                                        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

 

BOX.______________

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.

__________________

 

FOOTNOTE._________

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....

 

________________________________________________________________________

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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