US Personal Income Rises 0.4% as Expected

2025-01-31 13:34 By Joana Ferreira 1 min. read

US personal income rose 0.4% month-over-month in December 2024, in line with market expectations and following a 0.3% increase in November.

Employee compensation grew by 0.4%, compared with the 0.5% gain in the previous month, driven by private wages and salaries (0.4% vs. 0.5%).

Additional gains were recorded in proprietors' income with inventory valuation and capital consumption adjustments (0.5% vs. 0.2%), rental income with capital consumption adjustment (0.6% vs. 0.2%), personal income receipts on assets (0.2% vs. -0.2%), and personal current transfer receipts (0.2% vs. 0.1%).



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