United States Personal Income

Last Release

Sep 30, 2024

Actual

0.3

Units In

0.2

Frequency

Monthly

Next Release

Nov 27, 2024

Time to Release

25 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
21 Mar 2021	-13.3 Apr 2021	0.53 %	1959-2024	U.S. Bureau of Economic Analysis

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.

Latest Updates

US personal income rose by 0.3% from the previous month to $24.948 trillion in September of 2024, in line with market expectations and picking up from the 0.2% increase in the previous month, extending the view of a strong US economy despite the prolonged period of tight credit conditions. Compensation for employees continued to rise sharply (0.5% vs 0.5%), in line with the increase in rental income of persons with capital consumption adjustment (0.5% vs 0.5%) and personal current transfer receipts (0.4% vs 0.3%). These were enough to offset declines in personal income receipts on assets (-0.2% vs -0.8%), and proprietors’ income with inventory valuation and capital consumption adjustments (-0.4% vs 0.1%).