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US personal income was unchanged in October 2019, following a 0.3 percent growth in September and missing market expectations of 0.3 percent. An increase in wages and salaries was partially offset by declines in personal interest income and in farm proprietors’ income.

Personal income in the United States increased 0.3 percent in September 2019 as widely expected, easing from a revised 0.5 percent growth in August. There were gains in personal interest income, farm proprietors' income, and government social benefits to persons.

Personal income in the United States increased 0.4 percent month-over-month in August 2019, following a 0.1 percent increase in July and matching market expectations. Increases in wages and salaries, nonfarm proprietors’ income, and personal current transfer receipts were partially offset by a decrease in personal interest income. Wages and salaries, the largest component of personal income, went up 0.6 percent in August after increasing 0.2 percent in July. Meantime, disposable personal income rose 0.5 percent, the most since February, following a 0.3 percent gain in the prior month.

Personal income in the United States increased 0.1 percent month-over-month in July of 2019, following an upwardly revised 0.5 percent gain in June and below market expectations of a 0.3 percent rise. This is the smallest gain in personal income since last September, as increases in compensation of employees and government social benefits to persons were partially offset by a decrease in personal interest income. Wages and salaries, the largest component of personal income, increased 0.2 percent in July, following a 0.5 percent rise in the prior month.

Personal income in the United States advanced 0.4 percent month-over-month in June of 2019, the same pace as in each of the previous three months and in line with market expectations. The increase in personal income in June primarily reflected increases in wages and salaries, government social benefits to persons, and supplements to wages and salaries. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.2 percent in May.

Personal income in the United States advanced 0.5 percent month-over-month in May 2019, the same pace as in April and beating market expectations of a 0.3 percent rise. The increase in personal income in May primarily reflected increases in personal interest income, wages and salaries, and government social benefits to persons.