DOCSLIB.ORG

Employment, Personal Income and Gross Domestic Product)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Employment, Personal Income and Gross Domestic Product) South Dakota e-Labor Bulletin February 2013 February 2013 Labor Market Information Center SD Department of Labor & Regulation How is South Dakota faring in BEA Economic Indicators? (Employment, Personal Income and Gross Domestic Product) From the January 2013 South Dakota e-Labor Bulletin Employment Data from BEA The U.S. Bureau of Economic Analysis (BEA) publishes employment data for state and local areas. The data includes an estimate of the total number of jobs, including both full- and part-time jobs and detailed by place of work. (Full- and part-time jobs are counted at equal weight.) Employees, sole proprietors and active partners are all included, but unpaid family workers and volunteers are not. Proprietors are those workers who own and operate their own businesses and are reported as either farm or nonfarm workers. The number of workers covered by unemployment insurance is a key component of the employment data published by the BEA and in information compiled by the U.S. Bureau of Labor Statistics (BLS). For more information regarding covered workers, see the South Dakota Covered Workers & Annual Pay 2011 Annual Summary on our website at www.sdjobs.org/lmic/menu_covered_workers2011.aspx. The chart on the following page shows annual employment change during the 2000-2011 period. Comparative data is included for the United States, South Dakota and the Plains Region (Iowa, Kansas, Missouri, Nebraska, North Dakota and South Dakota). (continued on next page) Page 1 of 23 South Dakota e-Labor Bulletin February 2013 For the 2010-2011 period, which reflects economic recovery, South Dakota attained a total employment growth rate of 1.2 percent, compared to a growth rate of 1.1 percent for the Plains Region and 1.3 percent for the nation. The two employment sectors which comprise total employment include proprietor employment and wage and salary employment. There was employment growth across the country during the 2010-2011 period, with wage and salary employment levels increased in all three regions. Growth by Employment Sectors Total Employment 2009-10 2010-11 South Dakota 0.5% 1.2% Plains Region -0.5% 1.1% United States -0.3% 1.3% Proprietor Employment 2009-10 2010-11 South Dakota 1.1% 1.0% Plains Region -0.5% 1.2% United States 0.3% 1.6% Wage and Salary Employment 2009-10 2010-11 South Dakota 0.3% 1.2% Plains Region -0.5% 1.1% United States -0.5% 1.2% Page 2 of 23 South Dakota e-Labor Bulletin February 2013 In all three regions, proprietor employment reflected growth from 2010 to 2011. During the previous period from 2009 to 2010, the United States and South Dakota reflected growth, but the Plains Region showed a loss in the proprietor employment sector. Personal Income Statistics from BEA The BEA also releases personal income data, which is the income received by, or on behalf of, all the individuals who live in a specific geographic area. The total payroll of workers covered by unemployment insurance is a component of wage and salary disbursements included in this statistic. The level of personal income continues to grow steadily in all three regions. In fact, South Dakota's growth in personal income from 2000 to 2011 surpassed the rate for both the Plains Region and the nation. South Dakota's personal income grew by 82.5 percent, compared to a rate of 53.2 percent for the Plains Region and 51.4 percent for the nation. Dividing the personal income of an area by the residents of that given area produces a widely used economic indicator called per capita personal income. Since 2000, South Dakota's per capita personal income has increased by 67.4 percent, compared to 43.1 percent for the Plains Region and 37.1 percent for the nation. South Dakota's per capita personal income of $44,217 in 2011 ranks 12th of the 50 states. This means the average personal income for residents in South Dakota was higher than in 38 other states. In 2009, during the midst of the recession, South Dakota ranked 22nd. South Dakota's per capita disposable personal income in 2011 was $41,133. This statistic measures total personal income minus personal current taxes, which includes taxes on income and on personal property. Per capita disposable personal income is calculated as the disposable personal income of the residents of a given area divided by the resident population of the area. This measure represents the amount the average person has available for saving or for consumption. South Dakota's rank in per capita disposable income has climbed from 35th in 2000 to 10th in 2011. The rank of 10th indicates the average South Dakota resident had more money available for household spending than the residents in 40 other states. This higher rank correlates with the fact that South Dakota does not impose a state personal income tax. Page 3 of 23 South Dakota e-Labor Bulletin February 2013 Gross Domestic Product The BEA also releases estimates of gross domestic product (GDP). GDP by state is the value added in production by the labor and capital located in a state. GDP is derived as the sum of the gross state product originating in all industries in a state. In concept, an industry's GDP by state, referred to as its "value added," is equivalent to its gross output (sales or receipts and other operating income, commodity taxes and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). Thus, GDP by state is the state counterpart of the nation's gross domestic product (GDP), BEA's featured measure of U.S. output. The graph below compares historical estimates of South Dakota GDP compared to estimates of real GDP as measured in chained (2005) dollars. Real GDP is an inflation-adjusted measure of each state's gross product that is based on national prices for the goods and services produced within the state. Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. [1] The U.S. Department of Commerce introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2005 as the base year. The technique is so named because the second number in a pair of successive years becomes the first in the next pair. The result is a "chain" of weights and averages. [2] The advantage of using the chained-dollar measure is that it is more closely related to any given period covered and is therefore subject to less distortion over time. [1] Mark McCracken, Definition of Chained Dollars TeachMeFinance.com. [2] U.S. Department of Energy, Chained Dollars, citing EIA, Annual Energy Review 1999. Using preliminary data for 2011, the South Dakota GDP has increased 66.9 percent since 2000, increasing by $16.1 billion. The 2011 annual increase in South Dakota's GDP was 5.0 percent, ranking ninth among all states. The growth for the Plains Region was 4.3 percent, and national GDP increased by 3.9 percent for the Page 4 of 23 South Dakota e-Labor Bulletin February 2013 2010-2011 period. A review of the graph indicates the lower rates of growth for current years are reflective of the economic recovery following the recession. Looking at real GDP for the 2010-2011 period, the national growth rate was 1.5 percent. North Dakota had the highest rate at 7.6 percent, followed by Oregon at 4.7 percent and West Virginia at 4.5 percent. South Dakota's real GDP growth rate for the 2010-2011 was 0.8 percent. Only six states had declining rates during this time period compared to 27 states for the 2007-2008 period, reflecting recessionary impacts. Since South Dakota exports a high level of goods and services, it was inevitable our state would be impacted by the national recession. As customers from other areas of the nation drastically decreased their demand for goods and services produced by South Dakota, employment needs to produce those goods and services began to drop. However, as the economy slowly continues to recover and the recessionary impacts fade, South Dakota's real GDP can be expected to reflect steady growth. More trend information will be available when the preliminary 2012 state estimates of GDP are released on June 6, 2013. Overview of the labor market in January Labor Supply The number of South Dakotans who would be available to staff a new or expanding business, or South Dakota's labor supply, was estimated at 70,660 in January 2013. Included in this labor supply are those who currently hold jobs (and would like to change) and those who, for a variety of reasons, do not have jobs. (See related data.) South Dakota Labor Supply January 2013 Page 5 of 23 South Dakota e-Labor Bulletin February 2013 Labor Force This data is seasonally adjusted. Preliminary estimates show the January 2013 South Dakota labor force increased over the month, with the level of employed increasing by 500 (0.1 percent). The level of unemployed was unchanged, as was the unemployment rate at 4.4 percent. Nationally, the number of unemployed persons, at 12.3 million, was little changed in January. The unemployment rate was 7.9 percent and has been at or near that level since September 2012. Over the year, South Dakota's January 2013 labor force of 446,800 increased compared to the January 2012 level of 446,200. The level of employed increased by 800 (0.2 percent); the level of unemployed decreased by 200 persons (1.0 percent).
Load more

Recommended publications
  • PERSONAL INCOME TAX LAW (Updated Text*)
    PERSONAL INCOME TAX LAW (updated text*) PART ONE GENERAL PROVISIONS Article 1 This Law introduces the personal income tax and regulates the taxation procedure of the civilian's personal income. Article 2 Personal income tax (hereinafter: income tax) is paid annually for the sum of the net revenue from all sources, except for the revenues that are tax exempt by this Law. Article 3 The following types of revenues earned in the country and abroad are included in the income according to which the tax base is determined: 1) personal income from employment, pensions and disability pensions; 2) income from agriculture; 3) personal income from financial and professional activities; 4) income from property and property rights; 5) other types of revenues. All revenues under paragraph 1 of this article which are paid in cash, paid in kind or through other means, are subject to taxation. Article 4 For the different types of revenues under article 3 of this Law, an advance payment of the income tax is calculated throughout the fiscal year, which is paid by deduction from each salary payment or based on the decision of the public revenue authorities, unless otherwise determined by this Law. The amount of the compensated tax under paragraph 1 of this article is deducted from the estimated annual income tax, while the tax reductions are accepted in the amount approved with the advance estimation. _________________________________ *)The Law is published in the " Official Gazette of Republic of Macedonia",No.80/93, and the amendment and supplement in 70/94,71/96 and 28/97 Article 5 The annual amount of the income tax and the amounts of the advance payments and tax reductions that are deducted from the annual taxation are determined by the regulations that are valid on January 1 in the taxable year, unless otherwise determined by this Law.
    [Show full text]
  • Iowa Personal Income and Wage/Salary Income
    IOWA PERSONAL INCOME AND WAGE/SALARY INCOME Overview. Personal income includes wage and salary income and income earned through the operation of farms and other businesses, rent, interest, dividends, and government transfer income (Social Security, unemployment insurance, etc.). Iowa Wage and Salary Growth. Wage and salary income is a component of overall personal income. Over time, Iowa wage and salary income equals about 50.0% of total personal income. Wage and salary income is not as volatile as overall personal income. Since the end of the December 2007 U.S. recession in June 2009, annual Iowa wage and salary income growth has averaged about 3.2%. For the second quarter of calendar year (CY) 2021, wage and salary income increased 1.5% compared to the first quarter of CY 2021 and increased 11.2% compared to the same quarter of CY 2020. Iowa Personal Income Growth. Iowa personal income increased 1.3% for the second quarter of CY 2021 when compared to the same quarter of CY 2020. Income decreased 6.1% from the first quarter of CY 2021, due to a reduction in economic stimulus from the federal government. Personal income growth for the second quarter of CY 2020 was revised up to 11.9% from the originally released growth rate. Personal income growth is quite volatile over time, as is evident in Chart 2. In addition to quarterly volatility, reported personal income for Iowa suffers from significant revisions, usually related to changes in estimated farm income. Farm Proprietor Income. Since 2012, Iowa overall personal income has been growing more slowly than Iowa wage and salary income due to the decline in Iowa farm proprietor income.
    [Show full text]
  • State Minimum Wages: an Overview
    State Minimum Wages: An Overview Updated December 22, 2020 Congressional Research Service https://crsreports.congress.gov R43792 State Minimum Wages: An Overview Summary The Fair Labor Standards Act (FLSA), enacted in 1938, is the federal law that establishes the general minimum wage that must be paid to all covered workers. While the FLSA mandates broad minimum wage coverage, states have the option of establishing minimum wage rates that are different from those set in it. Under the provisions of the FLSA, an individual is generally covered by the higher of the state or federal minimum wage. Based on current rates and scheduled increases occurring at some point in 2021, minimum wage rates are above the federal rate of $7.25 per hour in 30 states and the District of Columbia, ranging from $1.50 to $7.75 above the federal rate. Another 13 states have minimum wage rates equal to the federal rate. The remaining 7 states have minimum wage rates below the federal rate or do not have a state minimum wage requirement. In the states with no minimum wage requirements or wages lower than the federal minimum wage, only individuals who are not covered by the FLSA are subject to those lower rates. In any given year, the exact number of states with a minimum wage rate above the federal rate may vary, depending on the interaction between the federal rate and the mechanisms in place to adjust the state minimum wage. Adjusting minimum wage rates is typically done in one of tw o ways: (1) legislatively scheduled rate increases that may include one or several increments; (2) a measure of inflation to index the value of the minimum wage to the general change in prices.
    [Show full text]
  • 4. What Are the Effects of Education on Health? – 171
    4. WHAT ARE THE EFFECTS OF EDUCATION ON HEALTH? – 171 4. What are the effects of education on health? By Leon Feinstein, Ricardo Sabates, Tashweka M. Anderson, ∗ Annik Sorhaindo and Cathie Hammond ∗ Leon Feinstein, Ricardo Sabates, Tashweka Anderson, Annik Sorhaindo and Cathie Hammond, Institute of Education, University of London, 20 Bedford Way, London WC1H 0AL, United Kingdom. We would like to thank David Hay, Wim Groot, Henriette Massen van den Brink and Laura Salganik for the useful comments on the paper and to all participants at the Social Outcome of Learning Project Symposium organised by the OECD’s Centre for Educational Research and Innovation (CERI), in Copenhagen on 23rd and 24th March 2006. We would like to thank the OECD/CERI, for their financial support of this project. A great many judicious and helpful suggestions to improve this report have been put forward by Tom Schuller and Richard Desjardins. We are particularly grateful for the general funding of the WBL Centre through the Department for Education and Skills whose support has been a vital component of this research endeavour. We would also like to thank research staff at the Centre for Research on the Wider Benefits of Learning for their useful comments on this report. Other useful suggestions were received from participants at the roundtable event organised by the Wider Benefits of Learning and the MRC National Survey of Health and Development, University College London, on 6th December 2005. All remaining errors are our own. MEASURING THE EFFECTS OF EDUCATION ON HEALTH AND CIVIC ENGAGEMENT: PROCEEDINGS OF THE COPENHAGEN SYMPOSIUM – © OECD 2006 172 – 4.1.
    [Show full text]
  • Unemployment Insurance: a Guide to Collecting Benefits in the State of Connecticut
    Unemployment Insurance: A Guide to Collecting Benefits in the State of Connecticut DISPONIBLE EN ESPAÑOL Visite su oficina local del Departamento de Trabajo o visite Su oficina local del Departamento de Trabajo You are responsible for understanding your rights and responsibilities outlined in this booklet. Please be sure to read it in its entirety. ¡IMPORTANTE! Usted es responsable de comprender sus derechos y responsabilidades que se describen en este folleto. ¡Asegúrese de leerlo todo! . Visit our Unemployment Website: www.FileCTUI.com 1 | P a g e Table of Contents General Information to the Unemployment Insurance Claimant ........................................................................................... 4 What Is Unemployment Insurance? ................................................................................................................................... 4 Who is Protected by Unemployment Insurance? ............................................................................................................... 4 Your Legal Right to File a Claim ........................................................................................................................................... 4 How Do I Apply for Unemployment Insurance Benefits? ....................................................................................................... 5 Filing an Initial (New) Claim ............................................................................................................................................ 5 Reopening
    [Show full text]
  • Impact of Minimum Wage in USVI
    US Virgin Islands Self-Sufficiency Standard And Impact of the Minimum Wage Proposal Acknowledgements The US Virgin Islands Self-Sufficiency Standard and Impact of the Minimum Wage Proposal report was developed by Mullin Associates Inc. and SygmaPCS. The project was managed by the USVI Bureau of Economic Research (BER), Office of the Governor. We acknowledge the support of BER staff, the Governors Office and the Legislature of the US Virgin Islands. US Virgin Islands Bureau of Economic Research 8201 Sub-base, Suite #4 Charlotte Amalie, St. Thomas US Virgin Islands, 00802 Email: [email protected] Website: www.usviber.org March 25, 2016 Overview The US Virgin Islands’ (USVI) Governor Kenneth E. Mapp signed Bill No. 31-0236 into law on March 23, 2016, increasing the USVI’s minimum wage to $8.35 per hour in 90 days, $9.25 per hour by January 2017, and $10.50 per hour by January 2018. The USVI has now joined 29 states and the District of Columbia with a minimum wage above the current federal minimum of $7.25. This analysis brief of the unamended Bill summarizes the effects of minimum wage increases on workers, employment, and the economy. As a precursor to the analysis, the Self-Sufficiency Standard for the USVI is presented to put into context the income necessary to afford basic needs without public or private subsidy. Self-Sufficiency Standard The amount of income that families in the USVI require to be self-sufficient depends on family composition. A single adult with employer-sponsored health insurance needs to earn $10.89 per hour ($22,645 annually) to meet basic needs.
    [Show full text]
  • Skin Tone and Stratification in the Black Community Author(S): Verna M
    Skin Tone and Stratification in the Black Community Author(s): Verna M. Keith and Cedric Herring Source: The American Journal of Sociology, Vol. 97, No. 3 (Nov., 1991), pp. 760-778 Published by: The University of Chicago Press Stable URL: http://www.jstor.org/stable/2781783 Accessed: 23/04/2009 17:58 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/action/showPublisher?publisherCode=ucpress. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit organization founded in 1995 to build trusted digital archives for scholarship. We work with the scholarly community to preserve their work and the materials they rely upon, and to build a common research platform that promotes the discovery and use of these resources. For more information about JSTOR, please contact [email protected]. The University of Chicago Press is collaborating with JSTOR to digitize, preserve and extend access to The American Journal of Sociology.
    [Show full text]
  • Interim Final Rule
    DEPARTMENT OF THE TREASURY 31 CFR Part 35 RIN 1505-AC77 Coronavirus State and Local Fiscal Recovery Funds AGENCY: Department of the Treasury ACTION: Interim Final Rule SUMMARY: The Secretary of the Treasury (Treasury) is issuing this Interim Final Rule to implement the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund established under the American Rescue Plan Act. DATES: Effective date: The provisions in this Interim Final Rule are effective [____], 2021. Comment date: Comments must be received on or before [____], 2021. ADDRESSES: Please submit comments electronically through the Federal eRulemaking Portal: http://www.regulations.gov [(if hard copy, preferably an original and two copies to the [Office of the Undersecretary for Domestic Finance], Attention: [Name], Room [####] MT, Department of the Treasury, 1500 Pennsylvania Avenue, NW, Washington, DC 20220. Because postal mail may be subject to processing delay, it is recommended that comments be submitted electronically.] All comments should be captions with “Coronavirus State and Local Fiscal Recovery Funds Interim Final Rule Comments.” Please include your name, organization affiliation, address, email address and telephone number in your comment. Where appropriate, a comment should include a short executive summary (no more than [#] single-spaced pages).] In general, comments received will be posted on http://www.regulations.gov without change, including any business or personal information provided. Comments received, including attachments and other supporting materials, will be part of the public record and subject to public 1 disclosure. Do not enclose any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure.
    [Show full text]
  • Economic Impact Analysis of a Minimum Wage Ordinance in the City of Las Cruces, New Mexico
    Economic Impact Analysis of A Minimum Wage Ordinance in the City of Las Cruces, New Mexico Prepared for ~ Citvof las Cruces PIIPll lllPIII PIIPll Prepared by Hibbs Institute for Business and Economic Research Business Building, UT Tyler, Tyler, TX 75799 903.566.7365 │[email protected] Rodney Mabry, Ph.D., Executive Director Manuel Reyes-Loya, D.E.D., Senior Research Associate, and Las Cruces Project Leader Marilyn Young, Ph.D., Hibbs Institute Faculty Research Fellow Report No. 2018-02 June 2018 The Hibbs Institute for Business and Economic Research is a unit of the Soules College of Business at the University of Texas at Tyler. The Hibbs Institute is the primary business research organization serving the greater East Texas region. Its team of highly skilled, multidisciplinary professionals (1) collects and presents regional demographic, business and economic data, (2) provides expert analyses for companies considering locating or expanding in East Texas, and (3) carries out research studies for local governments, economic development entities, and other clients in East Texas and beyond. Call 903.566.73 to ask about additional business services. Hil>l>s** I11stjh1t.c* SOULES UT COLLEGE of for B11si11ess and l•~:01101nic Rese a rch TYLER . BUSINESS EXECUTIVE SUMMARY Economic Impact Analysis of a Minimum Wage Ordinance in the City of Las Cruces, New Mexico Theory and Previous Studies Economic and management literature suggests that establishing or increasing a binding minimum wage can have both positive and negative effects. The most notable effects: o Positive--higher family incomes for low-skilled workers, and improved worker satisfaction that often results in increased on-the-job efficiency.
    [Show full text]
  • Michigan Personal Income 2002
    Michigan Personal Income Office of Revenue and Tax Analysis Michigan Department of Treasury December 2002 Acknowledgements This report was written by Thomas Patchak-Schuster under the direction of Mark P. Haas, Director, Office of Revenue and Tax Analysis (ORTA). Marge Morden of ORTA prepared the report document and provided editorial assistance and Jeff Guilfoyle, Manager, Forecasting, ORTA and Eric Krupka, ORTA, provided editorial assistance. The report is available electronically at the Department of Treasury’s Web site: http://www.michigan.gov/treasury. i Table of Contents Page Executive Summary ................................................................................................................... iv Composition of Michigan Personal Income............................................................................... 1 Nominal Personal Income .......................................................................................................... 2 Nominal Personal Income Per Person........................................................................................ 3 Real Income Per Person Growth ................................................................................................ 5 Components of Real Income Per Person.................................................................................... 7 Summary .................................................................................................................................... 10 Metropolitan Area Income ........................................................................................................
    [Show full text]
  • Personal Income Tax Questions & Answers Taxpayers
    Personal Income Tax Questions & Answers What are the income thresholds for taxation? ● Single filers - all Oregon taxable income over $125,000 is taxed at a 1.5% rate. All income above $250,000 is taxed at a 3% rate. In 2026, the rate increases by 0.8%. ● Joint filers - all Oregon taxable income over $200,000 is taxed at a 1.5% rate. All income above $400,000 is taxed at a 3% rate. In 2026, the rate increases by 0.8%. Who will be automatically opted in? Employees making over $200,000 annually from a single employer. How do I opt out? Employees are required to notify their employer if they need to opt out based on their personal income tax situation. How do I opt in if I don’t meet the threshold for automatic deductions? Employees need to notify their employer if they need to opt in based on their income tax situation and filing status. When is the tax due? The tax is due by April 15th the following year. Taxpayers How much will be deducted from my paycheck for this tax? Employers will automatically opt employees into withholding if they make over $200,000 annually. Income above $200,000 will be withheld at a rate of 1.5%. Income above $400,000 will be withheld at a rate of 3%. What if my employer won’t deduct the tax from my paycheck? Withholding is voluntary for 2021, but the tax will still be owed by April 15, 2022. Employees are encouraged to withhold themselves based on their 2021 tax situation.
    [Show full text]
  • Personal Income and Outlays, June 2021 and Annual Update
    EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, JULY 30, 2021 BEA 21-37 Technical: Karl Rohrer (Personal Income) (301) 278-9083 [email protected] Kyle Brown (PCE Goods) (301) 278-9086 [email protected] Jeff Barnett (PCE Services) (301) 278-9663 Media: Jeannine Aversa (301) 278-9003 [email protected] Personal Income and Outlays, June 2021 and Annual Update Personal income increased $26.1 billion (0.1 percent) in June according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $2.6 billion (less than 0.1 percent) and personal consumption expenditures (PCE) increased $155.4 billion (1.0 percent). Real DPI decreased 0.5 percent in June and Real PCE increased 0.5 percent; goods decreased 0.2 percent and services increased 0.8 percent (tables 5 and 7). The PCE price index increased 0.5 percent. Excluding food and energy, the PCE price index increased 0.4 percent (table 9). 2021 Feb. Mar. Apr. May June Percent change from preceding month Personal income: Current dollars -7.2 21.0 -13.6 -2.2 0.1 Disposable personal income: Current dollars -8.1 23.6 -15.3 -2.7 0.0 Chained (2012) dollars -8.4 22.9 -15.8 -3.2 -0.5 Personal consumption expenditures (PCE): Current dollars -1.1 5.2 1.1 -0.1 1.0 Chained (2012) dollars -1.3 4.6 0.5 -0.6 0.5 Price indexes: PCE 0.3 0.6 0.6 0.5 0.5 PCE, excluding food and energy 0.1 0.4 0.6 0.5 0.4 Price indexes: Percent change from month one year ago PCE 1.6 2.5 3.6 4.0 4.0 PCE, excluding food and energy 1.5 2.0 3.1 3.4 3.5 COVID-19 Impact on June 2021 Personal Income and Outlays The estimate for June personal income and outlays reflected the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic.
    [Show full text]