The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
March 29, 2019US PERSONAL INCOME AND OUTLAY: JANUARY AND FEBRUARY 2019 Due to the recent partial government shutdown, this report combines estimates for January and February 2019. January estimates include both personal income and outlays measures, while February estimates are limited to personal income.
US PERSONAL INCOME: FEBRUARY 2019
The US Bureau of Economic Analysis reports that US personal income increased $42.0 billion, or 0.2 per cent in February 2019 (seasonally adjusted levels at annualized rates).
“The increase in personal income in February primarily reflected increases in wages and salaries, government social benefits to persons, and proprietors’ income that were partially offset by a decrease in personal interest income.”
US personal disposable income increased $31.3 billion, or 0.2 per cent in February 2019.
US PERSONAL INCOME AND OUTLAY: JANUARY 2019
The US Bureau of Economic Analysis reports that US personal income decreased $22.9 billion, or 0.1 per cent in January 2019 (seasonally adjusted levels at annualized rates).
“The decrease in January personal income primarily reflected decreases in personal dividend income, farm proprietors’ income, and personal interest income that were partially offset by increases in social security benefit payments (related to cost of living adjustments) and other government social benefits to persons, which includes the Child Tax Credit and the Affordable Care Act refundable tax credit.”
US personal disposable income decreased $34.9 billion, or 0.2 per cent in January 2019 (seasonally adjusted levels at annualized rates).
In real per capita terms, real US disposable personal income decreased $91.0 billions of Chained (2012) dollars or 0.2 per cent in January 2019.
US personal consumption expenditures increased $8.6 billion, or 0.1 per cent in January 2019.
Personal savings (disposable personal income minus personal consumer expenditures, interest paid, and transfers to government and the rest of the world) was $1.19 trillion, in January 2019.
The personal savings rate was 7.5 per cent of disposable income.
Personal Outlays increased $6.3 billion, in January 2019.
Source: US Bureau of Economic Analysis
Press Release and Table 2.6. Personal Income and Its Disposition, Monthly NIPA
<--- Return to Archive
