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Latest Economic Data
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center>May 7, 2008
Bureau of Economic Analysis (BEA) U.S. Dept. of Commerce Disposable personal income: Chained (2000) dollars.............. +12.1 % The Commerce Dept. data shows that inflation adjusted disposable personal income DPI (chained dollars) is up 12.1% since 2000. That's $3700 for every man woman and child or $15,000 average for a family of four. Hillary Clinton and Barack Obama keep talking about workers having less money than previously. Where are these Clinton and Obama figures coming from? To see the percentage increase in chained dollars (adjusted for inflation), go to the (BEA) Bureau of Economic Analysis report, BEA is an arm of the Commerce Department. PERSONAL INCOME AND OUTLAYSMarch 2008 Personal income increased $38.8 billion, or 0.3 percent, and disposable personal income (DPI)increased $29.6 billion, or 0.3 percent, in March, according to the Bureau of Economic Analysis.Personal consumption expenditures (PCE) increased $42.9 billion, or 0.4 percent. In February, personalincome increased $58.2 billion, or 0.5 percent, DPI increased $50.3 billion, or 0.5 percent, and PCEincreased $11.0 billion, or 0.1 percent, based on revised estimates.
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### Current-dollar GDP Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 3.3 percent, or $113.6 billion, in the fourth quarter to a level of $14,084.1 billion.=$14,084,200,000,000 In the third quarter, current-dollar GDP increased 6.0 percent, or $201.7 billion. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6 percent in the fourth quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter,real GDP increased 4.9 percent. PERSONAL INCOME AND OUTLAYS January 2008 Personal income increased $32.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $46.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $39.9 billion, or 0.4 percent. In December, personal income increased $54.0 billion, or 0.5 percent, DPI increased $46.0 billion, or 0.4 percent, and PCE increased $32.0 billion, or 0.3 percent, based on revised estimates. 2007 Personal Income and Outlays Personal income increased 6.1 percent in 2007 (that is, from the 2006 annual level to the 2007 annual level), compared with an increase of 6.6 percent in 2006. DPI increased 5.7 percent, compared with an increase of 5.9 percent. PCE increased 5.5 percent, compared with an increase of 5.9 percent. CPI: Consumer Price Index Unchanged in Feb 2008 Unemployment Rate: 4.8% in Feb 2008 Payroll Employment: -63,000(p) in Feb 2008 Average Hourly Earnings: +$0.05-Feb 2008 Real DPI increased 3.0 percent in 2007, compared with an increase of 3.1 percent in 2006. Real PCE increased 2.9 percent, compared with an increase of 3.1 percent. ###
### Current-dollar GDP Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 3.3 percent, or $113.6 billion, in the fourth quarter to a level of $14,084.1 billion.=$14,084,200,000,000 In the third quarter, current-dollar GDP increased 6.0 percent, or $201.7 billion. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6 percent in the fourth quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter,real GDP increased 4.9 percent. PERSONAL INCOME AND OUTLAYS January 2008 Personal income increased $32.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $46.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $39.9 billion, or 0.4 percent. In December, personal income increased $54.0 billion, or 0.5 percent, DPI increased $46.0 billion, or 0.4 percent, and PCE increased $32.0 billion, or 0.3 percent, based on revised estimates. 2007 Personal Income and Outlays Personal income increased 6.1 percent in 2007 (that is, from the 2006 annual level to the 2007 annual level), compared with an increase of 6.6 percent in 2006. DPI increased 5.7 percent, compared with an increase of 5.9 percent. PCE increased 5.5 percent, compared with an increase of 5.9 percent. CPI: Consumer Price Index Unchanged in Feb 2008 Unemployment Rate: 4.8% in Feb 2008 Payroll Employment: -63,000(p) in Feb 2008 Average Hourly Earnings: +$0.05-Feb 2008 Real DPI increased 3.0 percent in 2007, compared with an increase of 3.1 percent in 2006. Real PCE increased 2.9 percent, compared with an increase of 3.1 percent. ###
### Current-dollar GDP Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 3.3 percent, or $113.6 billion, in the fourth quarter to a level of $14,084.1 billion.=$14,084,200,000,000 In the third quarter, current-dollar GDP increased 6.0 percent, or $201.7 billion. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6 percent in the fourth quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter,real GDP increased 4.9 percent. PERSONAL INCOME AND OUTLAYS January 2008 Personal income increased $32.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $46.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $39.9 billion, or 0.4 percent. In December, personal income increased $54.0 billion, or 0.5 percent, DPI increased $46.0 billion, or 0.4 percent, and PCE increased $32.0 billion, or 0.3 percent, based on revised estimates. 2007 Personal Income and Outlays Personal income increased 6.1 percent in 2007 (that is, from the 2006 annual level to the 2007 annual level), compared with an increase of 6.6 percent in 2006. DPI increased 5.7 percent, compared with an increase of 5.9 percent. PCE increased 5.5 percent, compared with an increase of 5.9 percent. CPI: Consumer Price Index Unchanged in Feb 2008 Unemployment Rate: 4.8% in Feb 2008 Payroll Employment: -63,000(p) in Feb 2008 Average Hourly Earnings: +$0.05-Feb 2008 Real DPI increased 3.0 percent in 2007, compared with an increase of 3.1 percent in 2006. Real PCE increased 2.9 percent, compared with an increase of 3.1 percent. ###
### Current-dollar GDP Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 3.3 percent, or $113.6 billion, in the fourth quarter to a level of $14,084.1 billion.=$14,084,200,000,000 In the third quarter, current-dollar GDP increased 6.0 percent, or $201.7 billion. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6 percent in the fourth quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter,real GDP increased 4.9 percent. PERSONAL INCOME AND OUTLAYS January 2008 Personal income increased $32.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $46.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $39.9 billion, or 0.4 percent. In December, personal income increased $54.0 billion, or 0.5 percent, DPI increased $46.0 billion, or 0.4 percent, and PCE increased $32.0 billion, or 0.3 percent, based on revised estimates. 2007 Personal Income and Outlays Personal income increased 6.1 percent in 2007 (that is, from the 2006 annual level to the 2007 annual level), compared with an increase of 6.6 percent in 2006. DPI increased 5.7 percent, compared with an increase of 5.9 percent. PCE increased 5.5 percent, compared with an increase of 5.9 percent. CPI: Consumer Price Index Unchanged in Feb 2008 Unemployment Rate: 4.8% in Feb 2008 Payroll Employment: -63,000(p) in Feb 2008 Average Hourly Earnings: +$0.05-Feb 2008 Real DPI increased 3.0 percent in 2007, compared with an increase of 3.1 percent in 2006. Real PCE increased 2.9 percent, compared with an increase of 3.1 percent. ###
### Current-dollar GDP Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 3.3 percent, or $113.6 billion, in the fourth quarter to a level of $14,084.1 billion.=$14,084,200,000,000 In the third quarter, current-dollar GDP increased 6.0 percent, or $201.7 billion. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6 percent in the fourth quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter,real GDP increased 4.9 percent. PERSONAL INCOME AND OUTLAYS January 2008 Personal income increased $32.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $46.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $39.9 billion, or 0.4 percent. In December, personal income increased $54.0 billion, or 0.5 percent, DPI increased $46.0 billion, or 0.4 percent, and PCE increased $32.0 billion, or 0.3 percent, based on revised estimates. 2007 Personal Income and Outlays Personal income increased 6.1 percent in 2007 (that is, from the 2006 annual level to the 2007 annual level), compared with an increase of 6.6 percent in 2006. DPI increased 5.7 percent, compared with an increase of 5.9 percent. PCE increased 5.5 percent, compared with an increase of 5.9 percent. CPI: Consumer Price Index Unchanged in Feb 2008 Unemployment Rate: 4.8% in Feb 2008 Payroll Employment: -63,000(p) in Feb 2008 Average Hourly Earnings: +$0.05-Feb 2008 Real DPI increased 3.0 percent in 2007, compared with an increase of 3.1 percent in 2006. Real PCE increased 2.9 percent, compared with an increase of 3.1 percent. ###
### Current-dollar GDP Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 3.3 percent, or $113.6 billion, in the fourth quarter to a level of $14,084.1 billion.=$14,084,200,000,000 In the third quarter, current-dollar GDP increased 6.0 percent, or $201.7 billion. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6 percent in the fourth quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter,real GDP increased 4.9 percent. PERSONAL INCOME AND OUTLAYS January 2008 Personal income increased $32.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $46.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $39.9 billion, or 0.4 percent. In December, personal income increased $54.0 billion, or 0.5 percent, DPI increased $46.0 billion, or 0.4 percent, and PCE increased $32.0 billion, or 0.3 percent, based on revised estimates. 2007 Personal Income and Outlays Personal income increased 6.1 percent in 2007 (that is, from the 2006 annual level to the 2007 annual level), compared with an increase of 6.6 percent in 2006. DPI increased 5.7 percent, compared with an increase of 5.9 percent. PCE increased 5.5 percent, compared with an increase of 5.9 percent. CPI: Consumer Price Index Unchanged in Feb 2008 Unemployment Rate: 4.8% in Feb 2008 Payroll Employment: -63,000(p) in Feb 2008 Average Hourly Earnings: +$0.05-Feb 2008 Real DPI increased 3.0 percent in 2007, compared with an increase of 3.1 percent in 2006. Real PCE increased 2.9 percent, compared with an increase of 3.1 percent. ###
### Current-dollar GDP Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 3.3 percent, or $113.6 billion, in the fourth quarter to a level of $14,084.1 billion. In the third quarter, current-dollar GDP increased 6.0 percent, or $201.7 billion. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6 percent in the fourth quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter,real GDP increased 4.9 percent. PERSONAL INCOME AND OUTLAYS January 2008 Personal income increased $32.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $46.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $39.9 billion, or 0.4 percent. In December, personal income increased $54.0 billion, or 0.5 percent, DPI increased $46.0 billion, or 0.4 percent, and PCE increased $32.0 billion, or 0.3 percent, based on revised estimates. 2007 Personal Income and Outlays Personal income increased 6.1 percent in 2007 (that is, from the 2006 annual level to the 2007 annual level), compared with an increase of 6.6 percent in 2006. DPI increased 5.7 percent, compared with an increase of 5.9 percent. PCE increased 5.5 percent, compared with an increase of 5.9 percent. CPI: Consumer Price Index Unchanged in Feb 2008 Unemployment Rate: 4.8% in Feb 2008 Payroll Employment: -63,000(p) in Feb 2008 Average Hourly Earnings: +$0.05-Feb 2008 Real DPI increased 3.0 percent in 2007, compared with an increase of 3.1 percent in 2006. Real PCE increased 2.9 percent, compared with an increase of 3.1 percent. ###
### Current-dollar GDP Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 3.3 percent, or $113.6 billion, in the fourth quarter to a level of $14,084.1 billion. In the third quarter, current-dollar GDP increased 6.0 percent, or $201.7 billion. Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6 percent in the fourth quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter,real GDP increased 4.9 percent. PERSONAL INCOME AND OUTLAYS January 2008 Personal income increased $32.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $46.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $39.9 billion, or 0.4 percent. In December, personal income increased $54.0 billion, or 0.5 percent, DPI increased $46.0 billion, or 0.4 percent, and PCE increased $32.0 billion, or 0.3 percent, based on revised estimates. CPI: Consumer Price Index Unchanged in Feb 2008 Unemployment Rate: 4.8% in Feb 2008 Payroll Employment: -63,000(p) in Feb 2008 Average Hourly Earnings: +$0.05-Feb 2008 2007 Personal Income and Outlays Personal income increased 6.1 percent in 2007 (that is, from the 2006 annual level to the 2007 annual level), compared with an increase of 6.6 percent in 2006. DPI increased 5.7 percent, compared with an increase of 5.9 percent. PCE increased 5.5 percent, compared with an increase of 5.9 percent. Real DPI increased 3.0 percent in 2007, compared with an increase of 3.1 percent in 2006. Real PCE increased 2.9 percent, compared with an increase of 3.1 percent. ###
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### PERSONAL INCOME AND OUTLAYS DECEMBER 2007 Personal income increased $55.1 billion, or 0.5 percent, and disposable personal income (DPI)increased $47.5 billion, or 0.5 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $23.5 billion, or 0.2 percent. In November, personal income increased $47.6 billion, or 0.4 percent, DPI increased $37.6 billion, or 0.4 percent,and PCE increased $94.6 billion, or 1.0 percent, based on revised estimates. Wages and salaries Private wage and salary disbursements increased $21.4 billion in December, compared with an increase of $34.5 billion in November. Goods-producing industries' payrolls decreased $1.4 billion,in contrast to an increase of $6.8 billion; manufacturing payrolls decreased $2.0 billion, in contrastto an increase of $2.5 billion. Services-producing industries' payrolls increased $22.8 billion, compared with an increase of $27.7 billion. Government wage and salary disbursements increased $3.7 billion, compared with an increase of $4.0 billion. Other personal income Supplements to wages and salaries increased $4.8 billion in December, compared with an increase of $5.9 billion in November. Proprietors' income was unchanged in December, compared with an increase of $11.0 billion in November. Farm proprietors' income increased $2.9 billion, compared with an increase of $2.3billion. Nonfarm proprietors' income decreased $2.8 billion, in contrast to an increase of $8.6 billion. Rental income of persons increased $2.9 billion in December, the same increase as in November. Personal income receipts on assets (personal interest income plus personal dividend income) increased $3.1 billion in December, compared with an increase of $3.3 billion in November. Personal current transfer receipts increased $22.0 billion in December, in contrast to a decrease of $8.9 billion in November. The December increase in personal current transfer receipts reflected an increase in Medicare part D prescription drug benefit payments; these payments were reduced inNovember as a result of the annual reconciliation of estimated and actual prescription drug costs. The December increase in personal current transfer receipts also reflected retroactive social security benefit payments of $7.0 billion at an annual rate, resulting from a recalculation of the earnings base underlying the benefits for recent retirees. Contributions for government social insurance -- a subtraction in calculating personal income -- increased $3.2 billion in December, compared with an increase of $5.0 billion in November. Personal current taxes and disposable personal income Personal current taxes increased $7.6 billion in December, compared with an increase of $10.0 billion in November. Disposable personal income (DPI) -- personal income less personal current taxes -- increased $47.5 billion, or 0.5 percent, in December, compared with an increase of $37.6 billion, or 0.4 percent, in November.
Next release -- February 29, 2008 at 8:30 A.M. EST for Personal Income and Outlays for January
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### Consumer Price Index +0.8%
Nov 2007 Unemployment Rate 5.0%
Dec 2007 Payroll Employment +18,000(p)
Dec 2007 Average Hourly Earnings +$0.07(p)
Dec 2007 Producer Price Index +3.2%(p)
Nov 2007 Employment Cost Index +0.8%
3rd Qtr 2007 Productivity +6.3%
3rd Qtr 2007 U.S. Import Price Index unchanged
Dec 2007 Unemployment Initial (UI) Claims 322,000
Jan 5 2007 UI Claims 4-Week Average 341,000
Jan 5 2007 Federal Minimum Wage: $5.85
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### Apologies if you regularly check some of these pages for updates.
### November 29, 2007
### Apologies if you regularly check some of these pages for updates. November 27, 2007
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