US Personal Income at 10-Month High

2026-06-25 12:56 By Czyrill Jean Coloma 1 min. read

US personal income increased by 0.7% month-over-month in May 2026, surpassing market expectations of a 0.4% rise and accelerating from a flat reading in April.

It marked the strongest monthly gain since July 2025, driven largely by a surge in farm proprietors' income, which rose by $59.6 billion following payments under the American Relief Act of 2025.

During the month, the USDA issued a second round of Supplemental Disaster Relief Program payments to producers.

Proprietors' income with inventory valuation and capital consumption adjustments rose by $84.6 billion, while employee compensation increased by $66.8 billion, including a $57.1 billion gain in wages and salaries.

Private-sector wages climbed by $48.7 billion, while government wages increased by $8.4 billion.

Meanwhile, disposable personal income rose 0.7%, or $164.9 billion, rebounding from a 0.1% decline in April.

Real disposable personal income also increased by 0.3%, following a 0.5% drop in the previous month.



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US Personal Income at 10-Month High
US personal income increased by 0.7% month-over-month in May 2026, surpassing market expectations of a 0.4% rise and accelerating from a flat reading in April. It marked the strongest monthly gain since July 2025, driven largely by a surge in farm proprietors' income, which rose by $59.6 billion following payments under the American Relief Act of 2025. During the month, the USDA issued a second round of Supplemental Disaster Relief Program payments to producers. Proprietors' income with inventory valuation and capital consumption adjustments rose by $84.6 billion, while employee compensation increased by $66.8 billion, including a $57.1 billion gain in wages and salaries. Private-sector wages climbed by $48.7 billion, while government wages increased by $8.4 billion. Meanwhile, disposable personal income rose 0.7%, or $164.9 billion, rebounding from a 0.1% decline in April. Real disposable personal income also increased by 0.3%, following a 0.5% drop in the previous month.
2026-06-25
US Personal Income Stalls in April
US personal income was unchanged month-over-month in April 2026, falling short of market expectations for a 0.4% increase and following a slightly downwardly revised 0.5% gain in March. The flat reading was largely due to a $61.7 billion drop in farm proprietors’ income, reflecting lower payments under the Farmer Bridge Assistance Program after applications closed in mid-April. Proprietors’ income with inventory valuation and capital consumption adjustments also fell by $57.8 billion. The decline was partly offset by a $39.6 billion increase in compensation, including a $32.4 billion rise in wages and salaries. Private-sector wages and salaries increased by $28.5 billion, while government wages and salaries rose by $3.9 billion. Meanwhile, disposable personal income fell 0.1%, or $19.9 billion, after rising 0.5% in the previous month. Real disposable personal income declined 0.5%, deepening from an upwardly revised 0.2% decrease in March.
2026-05-28
US Personal Income Rises More Than Expected
US personal income rose by 0.6% month-over-month in March 2026, exceeding market expectations of a 0.3% increase, after showing no growth in February. This marked the biggest monthly gain since July 2025, driven primarily by a $64.3 billion rise in compensation, including a $56.1 billion increase in wages and salaries. Farm proprietors’ income also climbed by $60.2 billion. Income receipts on assets rose by $17.4 billion, largely reflecting a $14.9 billion increase in personal dividend income. Current transfer receipts grew by $7.5 billion, led by a $6.9 billion increase in government social benefits. Disposable personal income increased by 0.6% after a flat reading in the previous month. Real DPI edged down by 0.1%, following a 0.4% decline in February.
2026-04-30