News Release

FOR WIRE TRANSMISSION: 8:30 A.M. EDT, FRIDAY, MAY 26, 2000
BEA 00-13

Personal Income, April 2000




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James E. Rankin:       (202) 606-5301  (Personal Income)                                    BEA 00-13
Greg Key:                    606-5302  (Personal Outlays)
Recorded message:            606-5303


               PERSONAL INCOME AND OUTLAYS:  APRIL 2000

 Personal income increased $57.1 billion, or 0.7 percent, and disposable personal income (DPI)
increased $45.0 billion, or 0.7 percent, in April, according to the Commerce Department's Bureau of
Economic Analysis.  Personal consumption expenditures (PCE) increased $24.1 billion, or 0.4
percent.  In March, personal income increased $54.2 billion, or 0.7 percent, DPI increased $46.8
billion, or 0.7 percent, and PCE increased $38.9 billion, or 0.6 percent, based on revised estimates.


                                              1999                             2000
                                               Dec.        Jan.           Feb.          Mar.           Apr.
                                                          (Percent change from preceding month)

Personal income, current dollars               0.3          0.7           0.4            0.7             0.7

Disposable personal income:
   Current dollars                              .2           .7            .3             .7              .7
   Chained (1996) dollars                       .0           .5           -.1             .2              .6

Personal consumption expenditures:
   Current dollars                              1.1          .7           1.1             .6              .4
   Chained (1996) dollars                        .9          .5            .7             .1              .3

Wages and salaries

 Private wage and salary disbursements increased $40.2 billion in April, compared with  an
increase of $25.0 billion in March.  Goods-producing industries' payrolls increased $10.4 billion,
compared with an increase of $7.3 billion; manufacturing payrolls increased $10.1 billion, compared
with an increase of $1.2 billion.  Distributive industries' payrolls increased $9.1 billion, compared
with an increase of $6.3 billion.  Service industries' payrolls increased $20.6 billion, compared with
an increase of $11.5 billion.

 Government wage and salary disbursements increased $3.1 billion in April, compared with an
increase of $4.7 billion in March.  The hiring of additional temporary workers for Census 2000
added $0.4 billion at an annual rate to federal civilian payrolls in April and $1.3 billion at an annual
rate in March.


Other personal income

 Proprietors' income increased $6.9 billion in April, compared with an increase of $14.6 billion
in March.  Farm proprietors' income increased $1.9 billion, compared with an increase of $4.6
billion.  The changes in farm proprietors' income reflected the pattern of specially authorized federal
farm subsidy payments, which were $7.5 billion at an annual rate in April, $7.2 billion at an annual
rate in March, and $2.6 billion at an annual rate in February.  Nonfarm proprietors' income increased
$4.9 billion in April, compared with an increase of $10.1 billion in March.

 Transfer payments increased $3.6 billion in April, compared with an increase of $1.4 billion in
March.  Personal interest income increased $3.7 billion, compared with an increase of $4.3 billion.
Personal dividend income increased $1.7 billion, compared with an increase of $1.9 billion.  Rental
income of persons decreased $1.8 billion, in contrast to an increase of $1.3 billion.

 Personal contributions for social insurance -- a subtraction in calculating personal income --
increased $2.6 billion in April, compared with an increase of $1.6 billion in March.

Personal taxes and disposable personal income

 Personal tax and nontax payments increased $12.1 billion in April, compared with an increase
of $7.4 billion in March.  Disposable personal income (DPI) -- personal income less personal tax
and nontax payments -- increased $45.0 billion, or 0.7 percent, in April, compared with an increase
             of $46.8 billion, or 0.7 percent, in March.

Personal outlays and personal saving

 Personal outlays -- PCE, interest paid by persons, and personal transfer payments to the rest of
the world (net) -- increased $24.8 billion in April, compared with an increase of $39.7 billion in
March.  PCE increased $24.1 billion, compared with an increase of $38.9 billion.

 Personal saving -- DPI less personal outlays -- was $48.4 billion in April, compared with $28.2
billion in March.  Personal saving as a percentage of disposable personal income was 0.7 percent in
April, compared with 0.4 percent in March.

Real DPI and real PCE

 Real DPI -- DPI adjusted to remove price changes -- increased 0.6 percent in April, compared
with an increase of 0.2 percent in March.

 Real PCE -- PCE adjusted to remove price changes -- increased 0.3 percent in April, compared
with an increase of 0.1 percent in March.  Purchases of durable goods decreased 0.1 percent,
compared with a decrease of 1.3 percent.  Purchases of nondurable goods increased 0.3 percent, in
contrast to a decrease of less than 0.1 percent.  Purchases of services increased 0.4 percent,
compared with an increase of 0.5 percent.

Revisions

 Estimates have been revised for January through March.  Changes in personal income, current-
dollar and chained (1996) dollar DPI, and current-dollar and chained (1996) dollar PCE for February
and March -- revised and as published in last month's release -- are shown below.  Revisions for
January to personal income and PCE were small.  A downward revision for January to DPI was
primarily accounted for by an upward revision to personal tax and nontax payments.



                                                    Change from preceding month
                                        February                                     March
                         Previous  Revised   Previous  Revised       Previous  Revised  Previous  Revised
                             (Dollars)          (Percent)                 (Dollars)         (Percent)

Personal Income:
  Current dollars..        33.4     30.7       0.4       0.4           56.6      54.2      0.7       0.7

Disposable personal income:
  Current dollars..        22.8     20.3        .3        .3           49.1      46.8       .7        .7
  Chained (1996) dollars.. -4.7     -6.9       -.1       -.1           17.5      14.1       .3        .2

Personal consumption expenditures:
  Current dollars..        93.5     70.7       1.4       1.1           34.5      38.9       .5        .6
  Chained (1996) dollars.  63.1     41.7       1.0        .7            4.9       7.9       .1        .1


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    Most of BEA's estimates and analyses appear in the Survey of Current Business, BEA's
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     Annual Revision of the National Income and Product Accounts

     As part of the annual revision of the national income and product accounts, revised
estimates of personal income and outlays for January 1997 through May 2000 will be released
along with preliminary estimates for June 2000 on August 1.  Information about the revision will
be available in the August 1 news release and in an article describing the revision, which will
appear in the August 2000 issue of the Survey of Current Business.

                        *          *          *

Next release -- Personal Income and Outlays for May will be released on
                      June 30, at 8:30 A.M. EDT.

                                                                                                Table 1. -- Personal Income
                                                                                                [Billions of dollars]

                                                                                                          Seasonally adjusted at annual rates
                                                             1998         1999               1999                                 2000
                                                                                       Nov.         Dec.      Jan./r/      Feb./r/      Mar./r/      Apr./p/

Personal income                                           7,358.9      7,791.8      7,976.8      7,998.6      8,054.0      8,084.7      8,138.9      8,196.0

   Wage and salary disbursements                          4,186.0      4,472.3      4,569.5      4,600.5      4,640.9      4,654.4      4,684.0      4,727.3
          Private industries                              3,493.2      3,745.8      3,831.3      3,859.0      3,889.2      3,901.1      3,926.1      3,966.3
               Goods-producing industries                 1,038.7      1,082.4      1,100.3      1,102.5      1,115.3      1,119.8      1,127.1      1,137.5
                    Manufacturing                           757.5        779.7        789.3        789.0        796.2        799.7        800.9        811.0
               Distributive industries                      944.6      1,005.8      1,021.1      1,037.4      1,042.7      1,039.7      1,046.0      1,055.1
               Service industries                         1,509.9      1,657.6      1,709.9      1,719.1      1,731.2      1,741.6      1,753.1      1,773.7
          Government                                        692.8        726.5        738.3        741.5        751.7        753.2        757.9        761.0

     Other labor income                                     515.7        535.8        543.7        545.4        548.3        550.4        552.9        555.2

     Proprietors' income with IVA and CCAdj                 606.1        658.5        694.8        675.9        677.5        682.0        696.6        703.5
          Farm                                               25.1         31.3         46.1         21.8         21.9         22.3         26.9         28.8
          Nonfarm                                           581.0        627.3        648.7        654.1        655.6        659.7        669.8        674.7

     Rental income of persons with CCAdj                    137.4        145.9        149.2        144.4        144.4        144.9        146.2        144.4

     Personal dividend income                               348.3        364.3        373.1        375.2        377.5        379.7        381.6        383.3

     Personal interest income                               897.8        931.3        958.6        964.6        968.9        972.2        976.5        980.2

     Transfer payments  to persons                          983.6      1,018.2      1,027.8      1,034.4      1,043.0      1,048.5      1,049.9      1,053.5
          Old-age, survivors, disability, and health
               insurance  benefits                          578.1        596.4        602.4        607.4        615.1        618.5        619.6        623.3
          Government unemployment insurance benefits         19.8         20.3         20.3         20.4         20.1         20.6         20.0         19.8
          Other                                             385.7        401.5        405.1        406.6        407.9        409.4        410.3        410.4

     Less:  Personal contributions for social insurance     315.9        334.6        339.9        341.8        346.5        347.3        348.9        351.5

     p  Preliminary.
     r  Revised.
     IVA  Inventory valuation adjustment.
     CCAdj  Capital consumption adjustment.

     Source: U.S. Department of Commerce, Bureau of Economic Analysis.

                                                                               Table 2. -- The Disposition of Personal Income
                                                                                           [Billions of dollars]

                                                                                                    Seasonally adjusted at annual rates
                                                       1998        1999                 1999                                  2000
                                                                                  Nov.         Dec.      Jan./r/      Feb./r/      Mar./r/      Apr./p/

Personal income                                      7,358.9      7,791.8      7,976.8      7,998.6      8,054.0      8,084.7      8,138.9      8,196.0

Less: Personal tax and nontax payments               1,072.6      1,152.1      1,182.0      1,192.9      1,203.3      1,213.7      1,221.1      1,233.2

Equals: Disposable personal income                   6,286.2      6,639.7      6,794.8      6,805.7      6,850.7      6,871.0      6,917.8      6,962.8

Less: Personal outlays                               6,056.6      6,483.3      6,659.3      6,732.7      6,778.2      6,849.9      6,889.6      6,914.4

     Personal consumption expenditures               5,848.6      6,257.3      6,427.3      6,498.3      6,542.4      6,613.1      6,652.0      6,676.1
     Interest paid by persons                          185.7        201.7        207.3        209.7        210.8        211.8        212.5        213.3
     Personal transfer payments to the
          rest of the world (net)                       22.3         24.3         24.7         24.7         25.0         25.0         25.0         25.0

Equals: Personal saving                                229.7        156.3        135.5         73.0         72.5         21.1         28.2         48.4

Addenda:

     Disposable personal income:

          Chained (1996) dollars /1/                 6,107.1      6,349.4      6,447.2      6,444.8      6,475.3      6,468.4      6,482.5      6,522.3

          Per capita:
               Current dollars                        23,231       24,307       24,780       24,802       24,951       25,013       25,167       25,314
               Chained (1996) dollars                 22,569       23,244       23,512       23,487       23,584       23,547       23,584       23,712
          Population (thousands)                     270,595      273,161      274,209      274,399      274,562      274,704      274,875      275,060

     Personal saving as a percentage of
          disposable personal income                     3.7          2.4          2.0          1.1          1.1          0.3          0.4          0.7

p  Preliminary.
r  Revised.
   1.  Disposable personal income in chained (1996) dollars equals the current-dollar figure divided by
the implicit price deflator for personal consumption expenditures.

Source:  U.S. Department of Commerce, Bureau of Economic Analysis.

                                                                 Table 3. -- Personal Income and Its Disposition, Change From Preceding Period
                                                                                                      [Billions of dollars]

                                                                                                  Seasonally adjusted at annual rates
                                                       1998        1999               1999                                   2000
                                                                                Nov.         Dec.       Jan./r/      Feb./r/       Mar./r/     Apr./p/

Personal income                                       407.8       432.9         33.4         21.8         55.4         30.7         54.2         57.1

     Wage and salary disbursements                    297.1       286.3         12.8         31.0         40.4         13.5         29.6         43.3
          Private industries                          268.8       252.6         10.3         27.7         30.2         11.9         25.0         40.2
               Goods-producing industries              63.2        43.7         -1.1          2.2         12.8          4.5          7.3         10.4
                    Manufacturing                      38.7        22.2         -4.4         -0.3          7.2          3.5          1.2         10.1
               Distributive industries                 65.5        61.2          2.3         16.3          5.3         -3.0          6.3          9.1
               Service industries                     140.1       147.7          9.1          9.2         12.1         10.4         11.5         20.6
          Government                                   28.4        33.7          2.6          3.2         10.2          1.5          4.7          3.1

     Other labor income                                14.8        20.1          1.8          1.7          2.9          2.1          2.5          2.3

     Proprietors' income with IVA and CCAdj            27.5        52.4         10.6        -18.9          1.6          4.5         14.6          6.9
          Farm                                         -4.4         6.2          1.2        -24.3          0.1          0.4          4.6          1.9
          Nonfarm                                      31.9        46.3          9.4          5.4          1.5          4.1         10.1          4.9

     Rental income of persons with CCAdj                7.2         8.5          1.0         -4.8          0.0          0.5          1.3         -1.8

     Personal dividend income                          14.9        16.0          2.0          2.1          2.3          2.2          1.9          1.7

     Personal interest income                          42.9        33.5          6.4          6.0          4.3          3.3          4.3          3.7

     Transfer payments to persons                      21.2        34.6         -0.5          6.6          8.6          5.5          1.4          3.6
          Old-age, survivors, disability, and health
               insurance benefits                      12.3        18.3         -1.8          5.0          7.7          3.4          1.1          3.7
          Government unemployment insurance benefits   -0.2         0.5          0.5          0.1         -0.3          0.5         -0.6         -0.2
          Other                                         9.1        15.8          0.9          1.5          1.3          1.5          0.9          0.1

     Less: Personal contributions for social
          insurance                                    17.8        18.7          0.6          1.9          4.7          0.8          1.6          2.6

Less: Personal tax and nontax payments                104.3        79.5          5.5         10.9         10.4         10.4          7.4         12.1

Equals: Disposable personal income                    303.4       353.5         27.9         10.9         45.0         20.3         46.8         45.0

Less: Personal outlays                                344.9       426.7         52.4         73.4         45.5         71.7         39.7         24.8

     Personal consumption expenditures                324.2       408.7         50.5         71.0         44.1         70.7         38.9         24.1
     Interest paid by persons                          19.0        16.0          2.0          2.4          1.1          1.0          0.7          0.8
     Personal transfer payments to the rest of the
          world (net)                                   1.7         2.0          0.0          0.0          0.3          0.0          0.0          0.0

Equals: Personal saving                               -41.4       -73.4        -24.5        -62.5         -0.5        -51.4          7.1         20.2

Addendum:
     Disposable personal income,
          chained (1996) dollars                      240.4       242.3         20.2         -2.4         30.5         -6.9         14.1         39.8

p  Preliminary.
r  Revised.
IVA  Inventory valuation adjustment.
CCAdj  Capital consumption adjustment.

Source:  U.S.  Department of Commerce, Bureau of Economic Analysis.

                                                      Table 4. -- Personal Consumption Expenditures by Major Type of Product

                                                                                                    Seasonally adjusted at annual rates
                                                        1998         1999               1999                                  2000
                                                                                  Nov.         Dec.      Jan./r/      Feb./r/      Mar./r/      Apr./p/

                                                                                              Billions of current dollars

Personal consumption expenditures                    5,848.6      6,257.3      6,427.3      6,498.3      6,542.4      6,613.1      6,652.0      6,676.1
     Durable goods                                     698.2        758.6        784.9        794.4        809.2        828.6        817.9        816.8
     Nondurable goods                                1,708.9      1,843.1      1,895.9      1,938.0      1,933.8      1,958.9      1,979.0      1,981.4
     Services                                        3,441.5      3,655.6      3,746.5      3,765.9      3,799.3      3,825.6      3,855.2      3,877.9

                                                                                       Billions of chained (1996) dollars

Personal consumption expenditures                    5,681.8      5,983.6      6,098.5      6,153.7      6,183.9      6,225.6      6,233.5      6,253.7
     Durable goods                                     731.5        815.7        849.3        862.0        879.2        901.9        890.7        889.7
     Nondurable goods                                1,685.3      1,776.1      1,805.8      1,837.8      1,831.7      1,839.4      1,839.1      1,844.8
     Services                                        3,268.0      3,400.1      3,454.3      3,466.0      3,486.9      3,500.6      3,518.1      3,533.1

                                                                              Implicit price deflators (Index numbers, 1996 = 100)

Personal consumption expenditures                     102.93       104.58       105.39       105.60       105.80       106.22       106.71       106.75
     Durable goods                                     95.45        93.00        92.42        92.15        92.04        91.87        91.83        91.81
     Nondurable goods                                 101.40       103.77       104.99       105.45       105.58       106.49       107.61       107.41
     Services                                         105.31       107.52       108.46       108.65       108.96       109.28       109.58       109.76

                                                                                        Change From Preceding Period
                                                                                         Billions of current dollars

Personal consumption expenditures                      324.2        408.7         50.5         71.0         44.1         70.7         38.9         24.1
     Durable goods                                      55.3         60.4         17.9          9.5         14.8         19.4        -10.7         -1.1
     Nondurable goods                                   67.2        134.3         12.4         42.1         -4.2         25.1         20.1          2.4
     Services                                          201.7        214.1         20.2         19.4         33.4         26.3         29.6         22.7

                                                                                        Billions of chained (1996) dollars

Personal consumption expenditures                      264.6        301.8         42.0         55.2         30.2         41.7          7.9         20.2
     Durable goods                                      74.1         84.2         20.4         12.7         17.2         22.7        -11.2         -1.0
     Nondurable goods                                   65.4         90.8         13.4         32.0         -6.1          7.7         -0.3          5.7
     Services                                          127.7        132.1         10.5         11.7         20.9         13.7         17.5         15.0

                                                          Table 5.-- Percent Change From Preceding Period in Selected Series
                                                                                              Based on current dollars

Personal income                                          5.9          5.9          0.4          0.3          0.7          0.4          0.7          0.7
Disposable personal income                               5.1          5.6          0.4          0.2          0.7          0.3          0.7          0.7

Personal consumption expenditures                        5.9          7.0          0.8          1.1          0.7          1.1          0.6          0.4
     Durable goods                                       8.6          8.7          2.3          1.2          1.9          2.4         -1.3         -0.1
     Nondurable goods                                    4.1          7.9          0.7          2.2         -0.2          1.3          1.0          0.1
     Services                                            6.2          6.2          0.5          0.5          0.9          0.7          0.8          0.6

                                                                                      Based on chained (1996) dollars

Disposable personal income                               4.1          4.0          0.3          0.0          0.5         -0.1          0.2          0.6

Personal consumption expenditures                        4.9          5.3          0.7          0.9          0.5          0.7          0.1          0.3
     Durable goods                                      11.3         11.5          2.5          1.5          2.0          2.6         -1.3         -0.1
     Nondurable goods                                    4.0          5.4          0.7          1.8         -0.3          0.4          0.0          0.3
     Services                                            4.1          4.0          0.3          0.3          0.6          0.4          0.5          0.4

p  Preliminary.
r  Revised.

Source:  U.S.  Department of Commerce, Bureau of Economic Analysis.