Thursday, May 1, 2008

Real Personal Income turns negative

The Bureau of Economic Analysis released the Personal income figures for March 2008 today. Personal income increased $38.8 billion (0.32%). Disposable income increased $29.6 billion (0.28%).


The charts below show per capita Real Personal Income, which decreased by 0.17% in March 2008 compared to March 2007.


Real Personal Income growth is one of the items that the NBER looks at when declaring recessions. Like the PMI report today, Personal Income show that we are at the brink of a recession.


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