Personal income in the United States rose by 0.4 percent month-over-month in January 2017, following a 0.3 percent increase in December and beating market expectations of a 0.3 percent gain. Wages and salaries went up by 0.4 percent, the same pace as in December, and personal current transfer receipts rose by 0.8 percent after growing by 0.3 percent in the previous month. Meanwhile, contributions for government social insurance, a subtraction in the calculation of personal income, climbed 1.6 percent after an increase of 0.3 percent in December. Personal Income in the United States averaged 0.54 percent from 1959 until 2017, reaching an all time high of 4.60 percent in May of 2008 and a record low of -5.20 percent in January of 2013.
Please Paste this Code in your Website
Personal Income refers to the income that persons receive in return for their provision of labor, land, and capital used in current production, plus current transfer receipts less contributions for government social insurance. This page provides the latest reported value for – United States Personal Income – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Personal Income – actual data, historical chart and calendar of releases – was last updated on March of 2017.