US Data: Personal Income and Disposition - Level Changes>

Release for:  November 2017

Source: U.S. Department of Commerce

Level change from previous month, billions of U.S. dollars

                                            Jul-17  Aug-17  Sep-17  Oct-17  Nov-17

Personal income                               51.3    36.1    77.6    59.5    54.0

Compensation                                  47.3    11.9    45.3    23.4    39.5

   Wages and salaries                         41.7     8.3    39.6    19.4    34.3

     Private industries                       40.1     4.4    36.3    17.0    31.7

       Goods-producing                         7.7    -4.1    13.5     1.5     4.9

         Manufacturing                         5.2    -2.2     4.0     4.0     1.0

       Services-producing                     32.4     8.6    22.6    15.6    26.9

         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0

          utilities                            6.1    -2.2     5.8     1.9     9.1

         Other services-producing

          industries                          26.4    10.8    16.8    13.7    17.8

     Government                                1.5     3.9     3.4     2.4     2.6

   Supplements to wages                        5.6     3.7     5.6     4.0     5.1

     Employer contributions for worker

      pension and insurance funds              2.6     3.1     2.9     2.5     2.7

     Employer contributions for govt

      social insurance                         3.0     0.6     2.7     1.5     2.5

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                 -4.0     4.9     8.5     6.4     7.8

   Farm                                       -0.4    -0.4    -0.4     0.8     0.7

   Nonfarm                                    -3.5     5.2     9.0     5.6     7.0

 Rental income of persons with capital

  consumption adjustment                      -0.1     2.4     4.7     7.7     5.5

 Pers inc. receipts on assets                  9.5     6.5    10.0    17.9    11.4

   Personal interest income                    4.3     4.4     4.4    17.5    17.4

   Personal dividend income                    5.1     2.1     5.6     0.5    -6.1

  Personal current transfer receipts           4.9    12.0    14.8     7.5    -4.9

    Government social benefits to persons      4.7    11.7    14.6     7.2    -5.1

     Social Security                           3.2     0.8     3.1     6.9    -7.6

     Medicare                                  1.6     1.8     1.9     1.8     1.8

     Medicaid                                  2.4     3.3     4.3     5.4     3.3

     Unemployment Insurance                    0.2    -0.3    -0.3    -0.6     0.3

     Veteran's benefits                       -0.9     0.2     2.1    -1.8     2.2

     Other                                    -1.9     6.0     3.5    -4.5    -5.2

    Other current transfer receipts, from

     business (net)                            0.2     0.3     0.2     0.3     0.2

Less: Contributions for govt.

 social insurance                              6.2     1.6     5.8     3.3     5.2

Less: Personal current taxes                  27.7    15.2    14.3    -1.5     3.1

Equals: Disposable pers income                23.6    21.0    63.2    61.0    50.9

Less: Personal outlays                        34.5    21.2   130.0    27.8    91.6

  PCE                                         39.9    23.8   132.7    23.2    87.1

   Goods                                      29.0     5.1    90.4     1.7    34.4

    Durable goods                             17.0   -20.6    47.5     4.1     0.0

    Nondurable goods                          12.0    25.6    43.0    -2.4    34.4

   Services                                   10.9    18.8    42.2    21.6    52.6

  Personal interest payments                  -3.0    -3.1    -3.1     4.3     4.2

  Personal current transfer payments          -2.4     0.4     0.4     0.4     0.3

   To government                               0.5     0.4     0.4     0.3     0.3

   To the rest of the world (net)

Equals: Personal saving                      -10.8    -0.2   -66.8    33.2   -40.7

  Personal saving as a percentage of

   disposable personal income                 -0.1     0.0    -0.5     0.2    -0.3

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2005 dollars                       29.9    -4.2     7.8    28.4    23.9

  Disposable personal income:

    Total, billions of chained (2005)

     dollars                                   8.8    -8.5     5.4    35.2    15.2

    Per capita:

      Current dollars                         45.0    35.0   165.0   158.0   132.0

      Chained (2005) dollars                   2.0   -52.0   -10.0    83.0    25.0

  Population (thousands)                     205.0   218.0   217.0   205.0   182.0

     ** MNI Washington Bureau (202) 371-2121 **

[TOPICS: MAUDT$,MAUK5$]