Table 1. Personal Income and Its Disposition (Months)--Continues [Billions of dollars; months seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------------------------- Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 ---------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Personal saving as a percentage of disposable personal income.............. Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\............... Disposable personal income: Total, billions of chained (2005) dollars\4\............................ Per capita: Current dollars...................... Chained (2005) dollars............... Population (midperiod, thousands)\5\..... ---------------------------------------------------------------------------------------------------------------------------------------------- 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 5. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 1. Personal Income and Its Disposition (Months)--Continues [Billions of dollars; months seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------------------------- Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 ---------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Personal saving as a percentage of disposable personal income.............. Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\............... Disposable personal income: Total, billions of chained (2005) dollars\4\............................ Per capita: Current dollars...................... Chained (2005) dollars............... Population (midperiod, thousands)\5\..... ---------------------------------------------------------------------------------------------------------------------------------------------- 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 5. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 1. Personal Income and Its Disposition (Months)--Continues [Billions of dollars; months seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------------------------- Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 ---------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Personal saving as a percentage of disposable personal income.............. Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\............... Disposable personal income: Total, billions of chained (2005) dollars\4\............................ Per capita: Current dollars...................... Chained (2005) dollars............... Population (midperiod, thousands)\5\..... ---------------------------------------------------------------------------------------------------------------------------------------------- 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 5. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 1. Personal Income and Its Disposition (Months)--Table Ends [Billions of dollars; months seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------- Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 ---------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Personal saving as a percentage of disposable personal income.............. Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\............... Disposable personal income: Total, billions of chained (2005) dollars\4\............................ Per capita: Current dollars...................... Chained (2005) dollars............... Population (midperiod, thousands)\5\..... ---------------------------------------------------------------------------------------------------------------------------- p Preliminary 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 5. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 2. Personal Income and Its Disposition (Years and Quarters)--Continues [Billions of dollars; quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------- 2007 2008 2009 2010 I 08 II 08 III 08 IV 08 ------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Personal saving as a percentage of disposable personal income.............. Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\............... Disposable personal income: Total, billions of chained (2005) dollars\4\............................ Per capita: Current dollars...................... Chained (2005) dollars............... Population (midperiod, thousands)\5\..... ------------------------------------------------------------------------------------------------------------------- 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 5. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 2. Personal Income and Its Disposition (Years and Quarters)--Table Ends [Billions of dollars; quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------------------------- I 09 II 09 III 09 IV 09 I 10 II 10 III 10 IV 10 I 11 II 11 ------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Personal saving as a percentage of disposable personal income.............. Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\............... Disposable personal income: Total, billions of chained (2005) dollars\4\............................ Per capita: Current dollars...................... Chained (2005) dollars............... Population (midperiod, thousands)\5\..... ------------------------------------------------------------------------------------------------------------------------------------- 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 5. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual and quarterly estimates are averages of the monthly estimates. Table 3. Personal Income and Its Disposition, Change From Preceding Period (Months)--Continues [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\....................... Disposable personal income, billions of chained (2005) dollars\4\............ ----------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 3. Personal Income and Its Disposition, Change From Preceding Period (Months)--Continues [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\....................... Disposable personal income, billions of chained (2005) dollars\4\............ ----------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 3. Personal Income and Its Disposition, Change From Preceding Period (Months)--Table Ends [Billions of dollars; months seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\....................... Disposable personal income, billions of chained (2005) dollars\4\............ ----------------------------------------------------------------------------------------------------------------------------------------------------------- p Preliminary 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 4. Personal Income and Its Disposition, Change From Preceding Period (Years and Quarters)--Continues [Billions of dollars; quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------- 2007 2008 2009 2010 I 08 II 08 III 08 IV 08 ------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\....................... Disposable personal income, billions of chained (2005) dollars\4\............ ------------------------------------------------------------------------------------------------------------------- 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 4. Personal Income and Its Disposition, Change From Preceding Period (Years and Quarters)--Table Ends [Billions of dollars; quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------------------------- I 09 II 09 III 09 IV 09 I 10 II 10 III 10 IV 10 I 11 II 11 ------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Social security\1\................... Medicare\2\.......................... Medicaid............................. Unemployment insurance............... Veterans' benefits................... Other................................ Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\3\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\4\....................... Disposable personal income, billions of chained (2005) dollars\4\............ ------------------------------------------------------------------------------------------------------------------------------------- 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 5. Personal Income and Its Disposition, Percent Change From Preceding Period (Months)--Continues [Months seasonally adjusted at monthly rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Supplements to wages and salaries...... Proprietors' income with inventory valuation and capital consumption adjustments............................. Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Addenda: Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... ---------------------------------------------------------------------------------------------------------------- Based on chained (2005) dollar measures ---------------------------------------------------------------------------------------------------------------- Real personal income excluding current transfer receipts....................... Real disposable personal income.......... ----------------------------------------------------------------------------------------------------------------------------------------------------------- Table 5. Personal Income and Its Disposition, Percent Change From Preceding Period (Months)--Continues [Months seasonally adjusted at monthly rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Supplements to wages and salaries...... Proprietors' income with inventory valuation and capital consumption adjustments............................. Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Addenda: Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... ---------------------------------------------------------------------------------------------------------------- Based on chained (2005) dollar measures ---------------------------------------------------------------------------------------------------------------- Real personal income excluding current transfer receipts....................... Real disposable personal income.......... ----------------------------------------------------------------------------------------------------------------------------------------------------------- Table 5. Personal Income and Its Disposition, Percent Change From Preceding Period (Months)--Table Ends [Months seasonally adjusted at monthly rates] ----------------------------------------------------------------------------------------------------------------------------------------------------------- May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Based on current-dollar measures ---------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Supplements to wages and salaries...... Proprietors' income with inventory valuation and capital consumption adjustments............................. Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Addenda: Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... ---------------------------------------------------------------------------------------------------------------- Based on chained (2005) dollar measures ---------------------------------------------------------------------------------------------------------------- Real personal income excluding current transfer receipts....................... Real disposable personal income.......... ----------------------------------------------------------------------------------------------------------------------------------------------------------- p Preliminary Table 6. Personal Income and Its Disposition, Percent Change From Preceding Period (Years and Quarters)--Continues [Quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------- 2007 2008 2009 2010 I 08 II 08 III 08 IV 08 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------ Based on current-dollar measures ------------------------------------------------------------------------ Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Supplements to wages and salaries...... Proprietors' income with inventory valuation and capital consumption adjustments............................. Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Addenda: Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... ------------------------------------------------------------------------ Based on chained (2005) dollar measures ------------------------------------------------------------------------ Real personal income excluding current transfer receipts....................... Real disposable personal income.......... ------------------------------------------------------------------------------------------------------------------- Table 6. Personal Income and Its Disposition, Percent Change From Preceding Period (Years and Quarters)--Table Ends [Quarters seasonally adjusted at annual rates] ------------------------------------------------------------------------------------------------------------------------------------- I 09 II 09 III 09 IV 09 I 10 II 10 III 10 IV 10 I 11 II 11 ------------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------ Based on current-dollar measures ------------------------------------------------------------------------------------------ Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Supplements to wages and salaries...... Proprietors' income with inventory valuation and capital consumption adjustments............................. Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Addenda: Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... ------------------------------------------------------------------------------------------ Based on chained (2005) dollar measures ------------------------------------------------------------------------------------------ Real personal income excluding current transfer receipts....................... Real disposable personal income.......... ------------------------------------------------------------------------------------------------------------------------------------- Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months)--Continues ---------------------------------------------------------------------------------------------------------------------------------------------- Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 ---------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- Billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. --------------------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. --------------------------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ---------------------------------------------------------------------------------------------------------------------------------------------- Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months)--Continues ---------------------------------------------------------------------------------------------------------------------------------------------- Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 ---------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- Billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. --------------------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. --------------------------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ---------------------------------------------------------------------------------------------------------------------------------------------- Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months)--Continues ---------------------------------------------------------------------------------------------------------------------------------------------- Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 ---------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- Billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. --------------------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. --------------------------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates --------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ---------------------------------------------------------------------------------------------------------------------------------------------- Table 7. Real Personal Consumption Expenditures by Major Type of Product (Months)--Table Ends ---------------------------------------------------------------------------------------------------------------------------- Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 ---------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------- Billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. --------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars, seasonally adjusted at annual rates --------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. --------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars, seasonally adjusted at monthly rates --------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ---------------------------------------------------------------------------------------------------------------------------- p Preliminary Table 8. Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)--Continues [Quarters seasonally adjusted at annual rates] --------------------------------------------------------------------------------------------------------------------------- 2007 2008 2009 2010 I 08 II 08 III 08 IV 08 --------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Billions of chained (2005) dollars -------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. -------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars -------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. -------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars -------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. --------------------------------------------------------------------------------------------------------------------------- Table 8. Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)--Table Ends [Quarters seasonally adjusted at annual rates] ----------------------------------------------------------------------------------------------------------------------------------------------- I 09 II 09 III 09 IV 09 I 10 II 10 III 10 IV 10 I 11 II 11 ----------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------- Billions of chained (2005) dollars ---------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ---------------------------------------------------------------------------------------------------- Change from preceding period in billions of chained (2005) dollars ---------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ---------------------------------------------------------------------------------------------------- Percent change from preceding period in chained (2005) dollars ---------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ----------------------------------------------------------------------------------------------------------------------------------------------- Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)--Continues ----------------------------------------------------------------------------------------------------------------------------------------------------------- Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Chain-type price indexes (2005=100), seasonally adjusted ---------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: PCE excluding food and energy............ Food\1\.................................. Energy goods and services\2\............. Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period in price indexes, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: PCE excluding food and energy............ Food\1\.................................. Energy goods and services\2\............. Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ----------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)--Continues ----------------------------------------------------------------------------------------------------------------------------------------------------------- Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Chain-type price indexes (2005=100), seasonally adjusted ---------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: PCE excluding food and energy............ Food\1\.................................. Energy goods and services\2\............. Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period in price indexes, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: PCE excluding food and energy............ Food\1\.................................. Energy goods and services\2\............. Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ----------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 9. Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)--Table Ends ----------------------------------------------------------------------------------------------------------------------------------------------------------- May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 ----------------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Chain-type price indexes (2005=100), seasonally adjusted ---------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: PCE excluding food and energy............ Food\1\.................................. Energy goods and services\2\............. Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period in price indexes, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: PCE excluding food and energy............ Food\1\.................................. Energy goods and services\2\............. Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ----------------------------------------------------------------------------------------------------------------------------------------------------------- p Preliminary 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 10. Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago--Continues ----------------------------------------------------------------------------------------------------------------------------------------------------------- Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Disposable personal income................. Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ----------------------------------------------------------------------------------------------------------------------------------------------------------- Table 10. Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago--Continues ----------------------------------------------------------------------------------------------------------------------------------------------------------- Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Disposable personal income................. Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ----------------------------------------------------------------------------------------------------------------------------------------------------------- Table 10. Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month One Year Ago--Table Ends ----------------------------------------------------------------------------------------------------------------------------------------------------------- May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Disposable personal income................. Personal consumption expenditures.......... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. ----------------------------------------------------------------------------------------------------------------------------------------------------------- p Preliminary Table 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago--Continues ----------------------------------------------------------------------------------------------------------------------------------------------------------- Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: PCE excluding food and energy............ Food\1\.................................. Energy goods and services\2\............. Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ----------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago--Continues ----------------------------------------------------------------------------------------------------------------------------------------------------------- Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: PCE excluding food and energy............ Food\1\.................................. Energy goods and services\2\............. Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ----------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 11. Price Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago--Table Ends ----------------------------------------------------------------------------------------------------------------------------------------------------------- May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 ----------------------------------------------------------------------------------------------------------------------------------------------------------- Personal consumption expenditures (PCE).... Goods.................................... Durable goods.......................... Nondurable goods....................... Services................................. Addenda: PCE excluding food and energy............ Food\1\.................................. Energy goods and services\2\............. Market-based PCE\3\...................... Market-based PCE excluding food and energy\3\........................... ----------------------------------------------------------------------------------------------------------------------------------------------------------- p Preliminary 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 12. Revisions to Personal Income and Its Disposition ------------------------------------------------------------------------------------------------------------------------------------- Billions of dollars ------------------------ ------------------------ Revisions as a Revised Revisions to percentage of estimates previously previously published published ------------------------ ------------------------ ------------------------ 2008 2009 2010 2008 2009 2010 2008 2009 2010 ------------------------------------------------------------------------------------------------------------------------------------- Personal income............................ Compensation of employees, received...... Wage and salary disbursements.......... Private industries................... Goods-producing industries......... Manufacturing.................... Services-producing industries...... Trade, transportation, and utilities....................... Other services-producing industries...................... Government........................... Supplements to wages and salaries...... Employer contributions for employee pension and insurance funds......... Employer contributions for government social insurance.................... Proprietors' income with inventory valuation and capital consumption adjustments............................. Farm................................... Nonfarm................................ Rental income of persons with capital consumption adjustment.................. Personal income receipts on assets....... Personal interest income............... Personal dividend income............... Personal current transfer receipts....... Government social benefits to persons.. Other current transfer receipts, from business (net)........................ Less: Contributions for government social insurance, domestic..................... Less: Personal current taxes............... Equals: Disposable personal income......... Less: Personal outlays..................... Personal consumption expenditures........ Goods.................................. Durable goods........................ Nondurable goods..................... Services............................... Personal interest payments\1\............ Personal current transfer payments....... To government.......................... To the rest of the world (net)......... Equals: Personal saving.................... Personal saving as a percentage of disposable personal income.............. Addenda: Personal income excluding current transfer receipts, billions of chained (2005) dollars\2\............... Disposable personal income: Total, billions of chained (2005) dollars\2\............................ Per capita: Current dollars...................... Chained (2005) dollars............... Population (midperiod, thousands)\3\..... ------------------------------------------------------------------------------------------------------------------------------------- 1. Consists of nonmortgage interest paid by households. 2. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. Note. Comparisons of the revised estimates for components of government social benefits to persons with previously published estimates are not shown because the composition of these components changed as part of the new classifications adopted for government social benefits to persons, which are shown in tables 1 through 4. Table 13. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Months)--Continues ---------------------------------------------------------------------------------------------------------------------------------------------------- Jan 08 Feb 08 Mar 08 Apr 08 May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 ---------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Seasonally adjusted at annual rates ---------------------------------------------------------------------------------------------------------------- Change from preceding period in billions of dollars: Personal income................... Previously published............ Disposable personal income........ Previously published............ Personal consumption expenditures. Previously published............ Personal saving as a percentage of disposable personal income...... Previously published.............. ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Personal income..................... Previously published.............. Disposable personal income.......... Previously published.............. Personal consumption expenditures... Previously published.............. ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period for chained-dollar measures, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Real disposable personal income..... Previously published.............. Real personal consumption expenditures....................... Previously published.............. ---------------------------------------------------------------------------------------------------------------------------------------------------- Table 13. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Months)--Continues ---------------------------------------------------------------------------------------------------------------------------------------------------- Mar 09 Apr 09 May 09 Jun 09 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 ---------------------------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Seasonally adjusted at annual rates ---------------------------------------------------------------------------------------------------------------- Change from preceding period in billions of dollars: Personal income................... Previously published............ Disposable personal income........ Previously published............ Personal consumption expenditures. Previously published............ Personal saving as a percentage of disposable personal income...... Previously published.............. ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Personal income..................... Previously published.............. Disposable personal income.......... Previously published.............. Personal consumption expenditures... Previously published.............. ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period for chained-dollar measures, seasonally adjusted at monthly rates ---------------------------------------------------------------------------------------------------------------- Real disposable personal income..... Previously published.............. Real personal consumption expenditures....................... Previously published.............. ---------------------------------------------------------------------------------------------------------------------------------------------------- Table 13. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Months)--Table Ends -------------------------------------------------------------------------------------------------------------------------------------------- May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 -------------------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- Seasonally adjusted at annual rates -------------------------------------------------------------------------------------------------------- Change from preceding period in billions of dollars: Personal income................... Previously published............ Disposable personal income........ Previously published............ Personal consumption expenditures. Previously published............ Personal saving as a percentage of disposable personal income...... Previously published.............. -------------------------------------------------------------------------------------------------------- Percent change from preceding period for current-dollar measures, seasonally adjusted at monthly rates -------------------------------------------------------------------------------------------------------- Personal income..................... Previously published.............. Disposable personal income.......... Previously published.............. Personal consumption expenditures... Previously published.............. -------------------------------------------------------------------------------------------------------- Percent change from preceding period for chained-dollar measures, seasonally adjusted at monthly rates -------------------------------------------------------------------------------------------------------- Real disposable personal income..... Previously published.............. Real personal consumption expenditures....................... Previously published.............. -------------------------------------------------------------------------------------------------------------------------------------------- Table 14. Changes in Personal Income and Related Measures: Comparisons with Previously Published Estimates (Years and Quarters) [Quarters seasonally adjusted at annual rates] ---------------------------------------------------------------------------------------------------------------------------------------------------- 2008 2009 2010 I 08 II 08 III 08 IV 08 I 09 II 09 III 09 IV 09 I 10 II 10 III 10 IV 10 I 11 ---------------------------------------------------------------------------------------------------------------------------------------------------- Change from preceding period in billions of dollars: Personal income................... Previously published............ Disposable personal income........ Previously published............ Personal consumption expenditures. Previously published............ Personal saving as a percentage of disposable personal income...... Previously published.............. ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period for current-dollar measures ---------------------------------------------------------------------------------------------------------------- Personal income..................... Previously published.............. Disposable personal income.......... Previously published.............. Personal consumption expenditures... Previously published.............. ---------------------------------------------------------------------------------------------------------------- Percent change from preceding period for chained-dollar measures ---------------------------------------------------------------------------------------------------------------- Real disposable personal income..... Previously published.............. Real personal consumption expenditures....................... Previously published.............. ----------------------------------------------------------------------------------------------------------------------------------------------------