Sources of personal income.
Personal decreased $23.7 billion (annual rate) in August, following
an increase of $12.1 billion in July. The August estimates reflect the
effects of Hurricane Andrew. Three major effects for which adjustments
(At annual rates) were calculated by the Department of Commerce were:
uninsured losses of residential and business property, which reduced
rental income of persons by about $46 billion and proprietor's
income by about $7 billion; work interruptions, which reduced wages and
salaries by about $5 billion; and crop damage, which reduced farm
proprietors' income by about $2 billion. Excluding these major
effects, personal income increased about $36 billion in August.