PERSONAL INCOME 11/07

        Personal income increased $43.1 billion, or 0.4 percent, and disposable personal income (DPI)
increased $32.9 billion, or 0.3 percent, in November, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $110.6 billion, or 1.1 percent.  In October,
personal income increased $24.8 billion, or 0.2 percent, DPI increased $17.0 billion, or 0.2 percent,
and PCE increased $39.4 billion, or 0.4 percent, based on revised estimates.

                                       2007
                                       July            Aug.            Sept.           Oct.            Nov.
                                                       (Percent change from preceding month)
Personal income, current dollars        0.6             0.5             0.5             0.2             0.4
Disposable personal income:
Current dollars                        0.7             0.5             0.5             0.2             0.3
Chained (2000) dollars                 0.6             0.5             0.2            -0.2            -0.3
Personal consumption expenditures:
Current dollars                        0.4             0.4             0.5             0.4             1.1
Chained (2000) dollars                 0.3             0.4             0.2             0.1             0.5

                               Wages and salaries

       Private wage and salary disbursements increased $36.0 billion in November, in contrast to a
decrease of $1.3 billion in October.  Goods-producing industries' payrolls increased $6.2 billion, in
contrast to a decrease of $2.2 billion; manufacturing payrolls increased $2.9 billion, in contrast to a
decrease of $1.2 billion.  Services-producing industries' payrolls increased $29.8 billion, compared
with an increase of $1.0 billion.  Government wage and salary disbursements increased $4.0 billion,
the same increase as in October.

Source; Bureau of Economic Analysis National Economic Accounts