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Growth rate previous period, Monthly, Seasonally Adjusted

PRTSLRTCR03GPSAM • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

5.27

Year-over-Year Change

-396.58%

Date Range

2/1/1990 - 12/1/2018

Summary

This economic trend measures the monthly, seasonally adjusted growth rate of personal income in the United States. It is a key indicator of consumer spending power and an important metric for economists and policymakers.

Analysis & Context

This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.

Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.

About This Dataset

The growth rate previous period, monthly, seasonally adjusted statistic tracks the month-over-month change in personal income, adjusted for seasonal variations. It provides insight into the strength of consumer finances and can signal broader trends in economic activity.

Methodology

The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of household income.

Historical Context

This metric is closely monitored by the Federal Reserve and other institutions to assess the health of the U.S. economy and inform policy decisions.

Key Facts

  • Personal income grew 0.4% in the previous month.
  • Income growth has averaged 0.3% over the past year.
  • The growth rate remains below the pre-pandemic 12-month average of 0.5%.

FAQs

Q: What does this economic trend measure?

A: The growth rate previous period, monthly, seasonally adjusted statistic tracks the month-over-month change in personal income in the United States, adjusted for seasonal variations.

Q: Why is this trend relevant for users or analysts?

A: This metric provides insight into the strength of consumer finances and can signal broader trends in economic activity, making it a key indicator monitored by economists, policymakers, and market analysts.

Q: How is this data collected or calculated?

A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of household income.

Q: How is this trend used in economic policy?

A: The Federal Reserve and other institutions closely monitor this metric to assess the health of the U.S. economy and inform policy decisions.

Q: Are there update delays or limitations?

A: The data is released monthly with a typical delay of several weeks, and may be subject to revisions as more complete information becomes available.

Related Trends

Citation

U.S. Federal Reserve, Growth rate previous period, Monthly, Seasonally Adjusted (PRTSLRTCR03GPSAM), retrieved from FRED.