United States Personal Income

US personal income fell by 0.4% month-over-month to $25.698 trillion in May 2025, following a downwardly revised 0.7% rise in April and worse than market forecast of a 0.3% increase. This marked the first decrease since September 2021, prompted by a 2.2% decline in personal current transfer receipts and a 2.3% drop in proprietors' income with inventory valuation and capital consumption adjustments. Meanwhile, personal income receipts on assets was flat in May, as a 0.2% rise in personal interest income was outweighed by a 0.3% decrease in personal dividend income. Conversely, employee compensation rose by 0.4% in May, the same pace as in April, amid increases in both wages (0.4%) and supplement to wages (0.5%). Meanwhile, the disposable personal income edged down by 0.6%, following a 0.8% rise in April. Real disposable personal income was also weaker, down 0.7%.