Personal income in the United States rose by 0.3 percent from the previous month in June 2023, easing from a 0.5 percent increase in May and falling short of market expectations of a 0.5 percent advance. Compensation of employees increased by 0.5 percent, driven by a 0.6 percent growth in wages and salaries, and a 0.4 percent rise in other costs. In contrast, personal income receipts from assets dropped 0.2 percent, primarily due to a 1.2 percent decline in personal dividend income. source: U.S. Bureau of Economic Analysis

Personal Income in the United States averaged 0.53 percent from 1959 until 2023, reaching an all time high of 20.70 percent in March of 2021 and a record low of -13.10 percent in April of 2021. This page provides the latest reported value for - United States Personal Income - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Personal Income - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Personal Income in the United States is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Personal Income is projected to trend around 0.10 percent in 2024 and 0.20 percent in 2025, according to our econometric models.

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United States Personal Income



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-30 12:30 PM May 0.4% 0.3% 0.3% 0.3%
2023-07-28 12:30 PM Jun 0.3% 0.5% 0.5% 0.4%
2023-08-31 12:30 PM Jul 0.3% 0.3% 0.3%


Related Last Previous Unit Reference
Consumer Spending 14418.83 14360.36 USD Billion Jun 2023
Disposable Personal Income 19941.02 19873.52 USD Billion Jun 2023
Personal Spending 0.50 0.20 percent Jun 2023
Personal Income 0.30 0.50 percent Jun 2023
Personal Savings 4.30 4.60 percent Jun 2023

United States Personal Income
Personal Income refers to the income that persons receive in return for their provision of labor, land, and capital used in current production, plus current transfer receipts less contributions for government social insurance.
Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.50 20.70 -13.10 1959 - 2023 percent Monthly
Current Prices, SA

News Stream
US Personal Income Rises Less than Forecast
Personal income in the United States rose by 0.3 percent from the previous month in June 2023, easing from a 0.5 percent increase in May and falling short of market expectations of a 0.5 percent advance. Compensation of employees increased by 0.5 percent, driven by a 0.6 percent growth in wages and salaries, and a 0.4 percent rise in other costs. In contrast, personal income receipts from assets dropped 0.2 percent, primarily due to a 1.2 percent decline in personal dividend income.
2023-07-28
US Personal Income Slightly Beats Forecasts
Personal income in the United States rose by 0.4% over a month in May of 2023, compared to a downwardly revised 0.3% rise in April, while analysts had expected it to rise 0.3%. The growth was driven by a 0.5% increase in compensation, namely private wages and salaries (+0.5%) and personal current transfer receipts (+0.3%), of which Medicaid payments. Personal income receipts on assets also went up (+0.3%), led by personal interest income (+0.5%).
2023-06-30
US Personal Income Rises 0.4%, in Line with Forecasts
Personal income in the United States rose by 0.4% mom in April of 2023, compared to a 0.3% rise in March and matching market forecasts. It is the highest gain in three months, primarily reflecting increases in compensation, namely private wages and salaries and personal income receipts on assets, both personal interest income and personal dividend income. On the other hand, personal current transfer receipts decreased, led by “other” government social benefits.
2023-05-26