Personal income increases during April

Filed under: Daily News | Tags:,

Despite the recession, April was a good month for personal income in the United States.

This morning, the Bureau of Economic Analysis released statistics which show that personal income increased $58.2 billion, or 0.5 percent, during April, while disposable personal income increased $121.8 billion, or 1.1 percent.

Simultaneously, personal consumption expenditures decreased $5.4 billion, or 0.1 percent. Officials at the Bureau said that the increase in disposable personal income – which is personal income less personal current taxes – was because of provisions in the American Recovery and Reinvestment Act of 2009.

However, excluding the benefits of ARRA, disposable personal income increased $77.1 billion, or 0.7 percent, during April, which follows on the heels of a decrease of $8.8 billion, or 0.1 percent, during March.