Connect With PPD
Follow Us:
Economy

Personal Income Flat in October, Wages and Salaries Gain $7.2B

Wages and Salaries Offset By Personal Interest Income, Farm Proprietors’ Income

The Bureau of Economic Analysis (BEA) reported personal income rose $3.3 billion (less than 0.1%) in October after gains in August and September were revised higher.

Wages and salaries (workers) rose by $7.2 billion (at an annual rate) and were partially offset by decreases in personal interest income (wealthy).

Disposable personal income (DPI) fell $12.6 billion (-0.1%) heading into the holiday season and personal consumption expenditures (PCE) rose $39.7 billion (0.3%), hitting the consensus forecast.

Personal outlays rose $43.1 billion in October.

Personal saving was $1.29 trillion in October. The personal saving rate — defined as personal saving as a percentage of disposable personal income — was 7.8%.

READ FULL STORY

SubscribeSign In
PPD Staff

People's Pundit Daily delivers reader-funded data journalism covering the latest news in politics, polls, elections, business, the economy and markets.

Share
Published by
PPD Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

3 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

3 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.