US Data: Personal Income and Disposition - Level Changes>

Release for:  May 2018

Source: U.S. Department of Commerce

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

                                            Jan-18  Feb-18  Mar-18  Apr-18  May-18

Personal income                               65.9    58.9    51.0    41.1    60.0

Compensation                                  52.5    39.7    21.7    30.8    31.0

   Wages and salaries                         46.2    34.8    17.8    26.0    26.2

     Private industries                       40.9    32.1    14.9    23.8    23.7

       Goods-producing                        11.2    28.1   -12.4    12.3    -0.4

         Manufacturing                         8.2    19.2   -12.7     7.0    -3.3

       Services-producing                     29.6     4.1    27.3    11.5    24.1

         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0

          utilities                            5.3    -0.9     6.0    -0.9     8.7

         Other services-producing

          industries                          24.4     4.9    21.3    12.4    15.4

     Government                                5.4     2.7     2.9     2.2     2.5

   Supplements to wages                        6.2     4.8     4.0     4.8     4.8

     Employer contributions for worker

      pension and insurance funds              2.2     2.5     2.7     2.9     2.9

     Employer contributions for govt

      social insurance                         3.9     2.5     1.2     1.9     1.9

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                  3.7    12.6     4.8    -1.8     7.0

   Farm                                        0.6     0.6     0.7    -1.9    -1.8

   Nonfarm                                     3.1    12.0     4.1     0.1     8.8

 Rental income of persons with capital

  consumption adjustment                      -1.3     2.2     4.3     2.9     3.8

 Pers inc. receipts on assets                 -3.8     9.2     8.2     0.0    17.1

   Personal interest income                   -1.4    -1.3    -1.4     2.0     1.9

   Personal dividend income                   -2.5    10.6     9.6    -1.9    15.1

  Personal current transfer receipts          35.7     0.4    15.0    13.2     5.3

    Government social benefits to persons     35.2     0.2    14.7    13.0     5.0

     Social Security                          23.5    -2.3     9.1     0.7     2.0

     Medicare                                  0.4     1.3     2.2     3.1     4.0

     Medicaid                                  1.3     3.3     5.1     7.2     5.1

     Unemployment Insurance                    0.2    -0.7    -0.5    -0.7    -1.1

     Veteran's benefits                        2.2     0.5     0.2     3.9    -3.3

     Other                                     7.5    -1.9    -1.4    -1.2    -1.7

    Other current transfer receipts, from

     business (net)                            0.5     0.2     0.3     0.3     0.2

Less: Contributions for govt.

 social insurance                             20.9     5.3     3.0     4.1     4.1

Less: Personal current taxes                 -56.0    12.6     7.2    -7.8    -3.2

Equals: Disposable pers income               121.9    46.2    43.9    48.9    63.2

Less: Personal outlays                        19.0    -6.5    88.2    69.4    29.3

  PCE                                         17.0    -7.5    87.3    68.1    27.8

   Goods                                      -1.6   -13.7    28.4    21.4    19.8

    Durable goods                            -24.7    -4.4    22.4    -3.5     2.2

    Nondurable goods                          23.0    -9.3     6.0    24.9    17.7

   Services                                   18.7     6.2    58.8    46.7     8.1

  Personal interest payments                   0.7     0.8     0.7     1.3     1.2

  Personal current transfer payments           1.3     0.2     0.2     0.1     0.1

   To government                              -0.1     0.2     0.2     0.1     0.2

   To the rest of the world (net)

Equals: Personal saving                      102.9    52.8   -44.3   -20.7    34.0

  Personal saving as a percentage of

   disposable personal income                  0.7     0.4    -0.3    -0.2     0.2

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2005 dollars                      -16.1    33.1    27.2    -4.5    21.8

  Disposable personal income:

    Total, billions of chained (2005)

     dollars                                  62.1    21.3    33.8    12.1    27.6

    Per capita:

      Current dollars                        349.0   120.0   111.0   125.0   166.0

      Chained (2005) dollars                 169.0    47.0    83.0    16.0    61.0

  Population (thousands)                     168.0   153.0   166.0   179.0   188.0

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

[TOPICS: MAUDT$,MAUK5$]