Today the U.S. Department of Commerce’s Bureau of Economic Analysis released their monthly personal income data for April 2011 (pdf).
The chart below shows the private sector share of personal income from January 1959 to April 2011. The private sector share of personal income increased in April to 70.52 percent from 70.46 percent in March.
The March jump in“government unemployment insurance benefits” (GUIB) fell back in April. So like the previous jump in GUIB in August, 2010, perhaps the March jump was also a one-time blip.
Interestingly, I just noticed what appears to be a growing divergence in two important line-items within personal income. I need to do more research into what I think means . . . but if my hunch is correct, then you will want to stay tuned. I’ll try to work on it over the holiday weekend.
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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