Today the U.S. Department of Commerce’s Bureau of Economic Analysis released their monthly personal income data for February 2011 (pdf).
The chart below shows the private sector share of personal income from January 1959 to February 2011. Since the private sector hit its inflection point in April 2010, the private sector continues to rebound up to 70.47 percent in February from 70.39 percent in January. The private sector has now grown in 10 of the past 11 months adding a total of 0.78 percentage points.
Note: “Supplements to Wages and Salaries” (benefits) in the BEA data are not broken down into “private” sector” versus “government” components. I used the ratio of private wages and salaries to total wages and salaries in order to disaggregate supplements.
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