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Saturday, August 17, 2019
HomeNewsEconomyPersonal Income and Outlays: Wages, Salaries Post Gains for Fifth Straight Month

Personal Income and Outlays: Wages, Salaries Post Gains for Fifth Straight Month

People count money at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)
People count money at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)

People count money at Macy’s Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)

The Bureau of Economic Analysis (BEA) Personal Income and Outlays report shows wages and salaries gained for the fifth straight month. Personal income increased by an estimated $47.8 billion (0.3 percent) in March.

Disposable personal income (DPI) increased $39.8 billion (0.3 percent) and personal consumption expenditures (PCE) increased $61.7 billion (0.4%).

The wages and salaries component drove the increase in personal income in March.

Real DPI increased 0.2% in March and Real PCE increased 0.4%. The PCE price index increased less than 0.1%. Excluding food and energy, the PCE price index increased 0.2%.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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