The State of America’s Private Sector 27: September, 2011

The U.S. Department of Commerce’s Bureau of Economic Analysis released their monthly personal income data for September 2011 (pdf). The chart below shows the private sector share of personal income from January 1959 to September 2011. For September, the private sector share of personal income was 70.8 percent–up 0.04 percentage points from August (which was revised upward slightly).

While the trend has been up for the last few months (after cratering in May, 2009 at 69.06 percent), the current level is still well below the pre-Great Recession level of 74.48 percent in June 2007. With the aging of the baby boomers and Obamacare looming, it’s doubtbul that we will ever get back to pre-recession levels.

 Chart Showing Private Sector Share of Personal Income by Month from January 1959 to September 2011