United States Personal Income

Personal income in the United States rose 0.2 percent from a month earlier in August 2021, following a 1.1 percent advance in July and slightly missing market expectations of a 0.3 percent gain. The compensation of employees, such as private wages and salaries, as well as government social benefits were mostly behind the gain. Within government social benefits, an increase in Child Tax Credit payments authorized by the American Rescue Plan, was partly offset by a decrease in unemployment insurance, due to declines in payments from the Pandemic Unemployment Compensation program.