United States Personal Income

Personal income in the United States edged 0.1 percent higher in June 2021, trying to recover from a revised 2.2 percent drop in May and beating market expectations of a 0.3 percent fall. The increase in personal income in June primarily reflected an increase in compensation of employees driven by private wages and salaries, while government social benefits decreased. Within government social benefits, "other" social benefits decreased as economic impact payments declined. Unemployment insurance also decreased, led by decreases in payments from the Pandemic Unemployment Compensation program.