Core Report | March 31, 2023

Total personal income increased in February, climbing 0.3% from January. The increase in personal income was led by an increase in compensation, mainly from wages which increased 0.3%. However, wages from goods producing and manufacturing industries declined. Total disposable income increased as well, climbing 0.5% from January and 8.4% from February 2022. Total disposable income hit its highest SAAR on record.