Historical				Forecast
(Millions of Dollars Unless Otherwise Noted.)	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008
Total Personal Income	$9,895.00	$10,332.75	$10,846.25	$11,141.00	$11,475.16	$12,006.49	$12,554.16	$13,192.12	$13,865.51	$14,542.33	$15,185.09	$15,884.30	$16,558.02	$17,296.51
Percent change		4.4%	5.0%	2.7%	3.0%	4.6%	4.6%	5.1%	5.1%	4.9%	4.4%	4.6%	4.2%	4.5%
Real Personal Income (1992 Dollars)	$9,199.58	$9,415.28	$9,701.19	$9,885.59	$10,064.00	$10,345.82	$10,562.37	$10,771.24	$11,006.77	$11,230.57	$11,414.31	$11,627.69	$11,803.22	$12,005.43
Percent change		2.3%	3.0%	1.9%	1.8%	2.8%	2.1%	2.0%	2.2%	2.0%	1.6%	1.9%	1.5%	1.7%
Population (Thousands)	478.6	480.1	480.0	480.9	482.0	484.1	486.2	488.5	490.8	493.2	495.6	498.0	500.4	502.8
Percent change		0.3%	0.0%	0.2%	0.2%	0.4%	0.4%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%
Per Capita Personal Income (Dollars)	$20,674	$21,524	$22,594	$23,167	$23,810	$24,801	$25,819	$27,006	$28,250	$29,484	$30,638	$31,895	$33,091	$34,401
Percent change		4.1%	5.0%	2.5%	2.8%	4.2%	4.1%	4.6%	4.6%	4.4%	3.9%	4.1%	3.8%	4.0%
Real Per Capita Pers Income (1992 Dollars)	$19,221	$19,613	$20,209	$20,556	$20,882	$21,371	$21,723	$22,051	$22,426	$22,770	$23,030	$23,348	$23,589	$23,878
Percent change		2.0%	3.0%	1.7%	1.6%	2.3%	1.6%	1.5%	1.7%	1.5%	1.1%	1.4%	1.0%	1.2%
Median Household Income (Dollars)	$31,529	$30,952	$33,420	$34,608	$35,522	$36,701	$38,093	$39,554	$41,052	$42,656	$44,169	$45,902	$47,530	$49,337
Percent change		-1.8%	8.0%	3.6%	2.6%	3.3%	3.8%	3.8%	3.8%	3.9%	3.5%	3.9%	3.5%	3.8%
US CPI-U (Index Number - 1982-84=100)	152.49	156.95	160.62	163.13	166.52	170.43	175.06	180.21	185.37	190.44	195.42	200.46	205.65	211.00
Percent change		2.9%	2.3%	1.6%	2.1%	2.3%	2.7%	2.9%	2.9%	2.7%	2.6%	2.6%	2.6%	2.6%
Derivation of Total Personal Income
Earnings by Place of Work	$6,791.75	$6,938.00	$7,325.75	$7,531.50	$7,821.94	$8,201.03	$8,586.98	$9,024.04	$9,502.32	$10,006.63	$10,469.97	$10,990.60	$11,476.30	$12,033.17
Percent change		2.2%	5.6%	2.8%	3.9%	4.8%	4.7%	5.1%	5.3%	5.3%	4.6%	5.0%	4.4%	4.9%
less: Contributions for Social Insurance	$472.50	$483.75	$508.75	$528.75	$545.42	$573.00	$599.34	$629.24	$663.55	$699.18	$732.24	$770.17	$804.94	$843.98
Percent change		2.4%	5.2%	3.9%	3.2%	5.1%	4.6%	5.0%	5.5%	5.4%	4.7%	5.2%	4.5%	4.9%
plus: Residence Adjustment	-$23.50	-$21.25	-$20.25	-$18.25	-$18.23	-$18.64	-$19.38	-$20.04	-$20.63	-$21.21	-$21.81	-$22.50	-$22.98	-$23.27
Percent change		-9.6%	-4.7%	-9.9%	-0.1%	2.2%	4.0%	3.4%	2.9%	2.8%	2.8%	3.2%	2.1%	1.3%
equals: Net Earnings by Place of Residence	$6,295.75	$6,433.00	$6,796.75	$6,984.50	$7,258.29	$7,609.38	$7,968.26	$8,374.76	$8,818.14	$9,286.24	$9,715.93	$10,197.93	$10,648.38	$11,165.92
Percent change		2.2%	5.7%	2.8%	3.9%	4.8%	4.7%	5.1%	5.3%	5.3%	4.6%	5.0%	4.4%	4.9%
plus: Dividends, Interest & Rents	$2,039.50	$2,239.25	$2,317.50	$2,361.25	$2,368.24	$2,432.23	$2,517.08	$2,642.99	$2,767.54	$2,867.77	$2,970.07	$3,074.32	$3,180.70	$3,284.66
Percent change		9.8%	3.5%	1.9%	0.3%	2.7%	3.5%	5.0%	4.7%	3.6%	3.6%	3.5%	3.5%	3.3%
plus: Transfer Payments	$1,559.75	$1,660.50	$1,732.00	$1,795.25	$1,848.63	$1,964.87	$2,068.82	$2,174.37	$2,279.84	$2,388.32	$2,499.09	$2,612.05	$2,728.94	$2,845.93
Percent change		6.5%	4.3%	3.7%	3.0%	6.3%	5.3%	5.1%	4.9%	4.8%	4.6%	4.5%	4.5%	4.3%
Earnings by Place of Work
Components of Earnings
Wages & Salaries	$5,255.75	$5,405.25	$5,706.25	$5,976.25	$6,204.41	$6,523.34	$6,829.53	$7,177.25	$7,552.78	$7,956.21	$8,315.25	$8,726.40	$9,099.35	$9,543.12
Percent change		2.8%	5.6%	4.7%	3.8%	5.1%	4.7%	5.1%	5.2%	5.3%	4.5%	4.9%	4.3%	4.9%
Income: Other Labor	$558.25	$544.00	$549.75	$554.50	$559.77	$589.65	$619.84	$654.84	$694.92	$734.43	$775.28	$817.53	$861.12	$905.21
Percent change		-2.6%	1.1%	0.9%	1.0%	5.3%	5.1%	5.6%	6.1%	5.7%	5.6%	5.4%	5.3%	5.1%
Proprietors Income	$977.75	$988.75	$1,069.75	$1,000.75	$1,057.76	$1,088.04	$1,137.61	$1,191.95	$1,254.63	$1,315.98	$1,379.44	$1,446.67	$1,515.83	$1,584.84
Percent change		1.1%	8.2%	-6.5%	5.7%	2.9%	4.6%	4.8%	5.3%	4.9%	4.8%	4.9%	4.8%	4.6%
Wage & Salary Disbursements by Industry
Farm and Agricultural Services	$86.51	$87.41	$97.36	$103.31	$115.40	$124.56	$106.22	$90.56	$75.50	$77.67	$86.11	$98.36	$111.93	$124.89
Percent change		1.0%	11.4%	6.1%	11.7%	7.9%	-14.7%	-14.7%	-16.6%	2.9%	10.9%	14.2%	13.8%	11.6%
Mining	$742.87	$716.06	$794.32	$832.73	$800.41	$840.83	$887.43	$941.14	$995.57	$1,045.11	$1,083.05	$1,125.38	$1,156.09	$1,202.18
Percent change		-3.6%	10.9%	4.8%	-3.9%	5.0%	5.5%	6.1%	5.8%	5.0%	3.6%	3.9%	2.7%	4.0%
Construction	$356.41	$369.88	$404.67	$442.74	$486.87	$528.61	$555.49	$592.47	$633.75	$670.34	$694.48	$726.30	$761.28	$797.66
Percent change		3.8%	9.4%	9.4%	10.0%	8.6%	5.1%	6.7%	7.0%	5.8%	3.6%	4.6%	4.8%	4.8%
Manufacturing	$259.00	$318.00	$331.50	$353.26	$384.75	$414.78	$441.32	$470.29	$500.78	$529.98	$562.41	$592.88	$615.93	$646.34
Percent change		22.8%	4.2%	6.6%	8.9%	7.8%	6.4%	6.6%	6.5%	5.8%	6.1%	5.4%	3.9%	4.9%
TCPU*	$527.75	$527.25	$547.75	$543.98	$566.69	$593.22	$618.22	$646.64	$672.64	$701.38	$731.70	$754.94	$785.34	$816.85
Percent change		-0.1%	3.9%	-0.7%	4.2%	4.7%	4.2%	4.6%	4.0%	4.3%	4.3%	3.2%	4.0%	4.0%
Trade	$761.25	$790.25	$833.75	$880.17	$920.33	$966.51	$1,012.43	$1,069.05	$1,126.67	$1,194.98	$1,248.89	$1,315.08	$1,368.83	$1,439.44
Percent change		3.8%	5.5%	5.6%	4.6%	5.0%	4.8%	5.6%	5.4%	6.1%	4.5%	5.3%	4.1%	5.2%
FIRE**	$210.25	$225.75	$245.25	$264.09	$285.87	$298.44	$311.09	$326.64	$344.88	$364.58	$379.48	$398.68	$412.95	$431.96
Percent change		7.4%	8.6%	7.7%	8.3%	4.4%	4.2%	5.0%	5.6%	5.7%	4.1%	5.1%	3.6%	4.6%
Services	$879.88	$921.16	$972.21	$1,032.67	$1,111.99	$1,177.81	$1,253.92	$1,330.09	$1,420.44	$1,518.36	$1,602.99	$1,711.37	$1,805.11	$1,922.41
Percent change		4.7%	5.5%	6.2%	7.7%	5.9%	6.5%	6.1%	6.8%	6.9%	5.6%	6.8%	5.5%	6.5%
Government	$1,299.75	$1,317.00	$1,347.00	$1,388.81	$1,394.79	$1,438.04	$1,499.06	$1,561.76	$1,629.70	$1,696.77	$1,765.01	$1,838.12	$1,912.31	$1,987.41
Percent change		1.3%	2.3%	3.1%	0.4%	3.1%	4.2%	4.2%	4.3%	4.1%	4.0%	4.1%	4.0%	3.9%
Military	$132.08	$132.49	$132.44	$134.51	$137.31	$140.53	$144.35	$148.60	$152.85	$157.03	$161.14	$165.29	$169.58	$173.98
Percent change		0.3%	0.0%	1.6%	2.1%	2.3%	2.7%	2.9%	2.9%	2.7%	2.6%	2.6%	2.6%	2.6%

* Transportation, Communications, & Public Utilities.
** Finance, Insurance, & Real Estate.

Wages and Income | Labor Market Information | Economic Analysis Division