Wage Gains Rise Slightly

By Staff Writer April 29, 2023

Personal income increased $67.9 billion (0.3%) in March, according to estimates released w2aqwsqby the Bureau of Economic Analysis. Disposable personal income (DPI) increased $71.7 billion (0.4%) and personal consumption expenditures (PCE) increased $8.2 billion (less than 0.1%).

The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.3%. Real DPI increased 0.3% in March and Real PCE decreased less than 0.1%; goods decreased 0.4% and services increased 0.1%

The increase in current-dollar personal income in March primarily reflected increases in compensation, personal income receipts on assets, and rental income of persons that were partly offset by decreases in proprietors’ income and personal current transfer receipts. The increase in compensation was led by private wages and salaries=-.

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Last modified on Tuesday, 02 May 2023 10:34