Data Updates

Data Updates

Keeping you up to date on the latest data releases.

July 2014

  • 11.23.2011
  • Personal Income
  • Nominal personal income rose 0.4 percent (non-annualized) in October, compared to a 0.1 percent increase in September, and is 3.9 percent over the past year. Disposable personal income—personal income less current taxes—increased 0.3 percent in October, after a slight 0.1 percent increase in September. Real (inflation-adjusted) disposable income rose 0.3 percent during the month, following decreases in five of the last six months. On a year-over-year basis, disposable income edged down 0.1 percent, and has fallen markedly since its recent cyclical high of 3.8 percent in October 2010. Notably, the level of disposable income has grown just 1.5 percent since the previous business cycle peak in December 2007. Real personal consumption expenditures—which have increased 1.7 percent since December 2007—ticked up 0.1 percent in October, following a 0.5 percent jump up in September. The 12 month growth rate in consumption edged down slightly to 2.0 percent in October. As consumption growth has recently outpaced disposable income gains, the savings rate has dipped, falling from 5.0 percent to 3.5 percent over the past five months.