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 May 2011. The private sector share of personal income was virtually unchanged in May to 70.56 percent from 70.55 percent in April. Not much of story here this time, except that the private sector is not yet on a path to reclaim its lost ground.
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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