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Sources of personal income.

Personal income increased $10.7 billion (annual rate) in November, following an increase of $58.3 billion in October. The November increase was reduced by a large decrease in subsidy payments to farm proprietors and by several other special factors - bonus payments to employees in the motor vehicle industry, restitution payments to Japanese-Americans, and retirement incentive payments to U.S. Postal Service employees - that had boosted October personal income. October personal income was also boosted by a rebound in rental income of persons from the effects of Hurricane Iniki. Excluding these special factors, personal income increased $40.7 billion in November and $26.0 billion in October, the larger increase in November was more than accounted for by a step-up in wages and salaries.

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Title Annotation:Total Output, Income, and Spending; ending November 1992
Publication:Economic Indicators
Article Type:Illustration
Date:Dec 1, 1992
Previous Article:U.S. international transactions.
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Sources of personal income.

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