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MIL-OSI USA: Personal Income and Outlays, June 2021

MIL-OSI USA: Personal Income and Outlays, June 2021
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Thursday's Daily Pulse

Thursday's Daily Pulse
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Report: Tampa metro saw one of the smallest year-over-year job loss among US metros

Report: Tampa metro saw one of the smallest year-over-year job loss among US metros
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December 2020 Real Income Grew and Real Expenditures Declined

December 2020 Real Income Grew and Real Expenditures Declined
The data continues to be affected by the pandemic. Expenditures declined month-over-month (and is in contraction year-over-year) whilst income improved month-over-month (and is in expansion year-over-year).
Analyst Opinion of Personal Income and Expenditures
The note from the BEA says it all:
The December estimate for personal income and outlays was impacted by the response to the spread of COVID-19. Many provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act continued to wind down before the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act was enacted on December 27, 2020. Additionally, new restrictions and closures took effect in some areas of the United States. The full economic effects of the COVID-19 pandemic cannot be quantified in the personal income and outlays estimate because the impacts are generally embedded in source data and cannot be separately ....

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