Economic Statistics Briefing Room

From Holden:

I found a new feature on the White House web site today, the Economic Statistics Briefing Room. I don’t know why they put it up there, though, as four of the five statistics they report make the Chimpster look bad (the fifth category was Household Wealth, but the figure cited is from 1995 so I’m not even sure why they bothered):

Disposable Personal Income

In June 2004, real disposable personal income remained the same at a seasonally adjusted monthly rate.

Per Capita Income

In June 2004, per capita real disposable personal income (at a seasonally adjusted annual rate) decreased $20.

Farm Sector Income

The 2004 forecast net value added of $93 billion is down almost $6 billion from 2003’s record level, but still $3.8 billion higher than the 1994-2003 average. After payments to stakeholders, the residual income is net farm income, which is forecast to be $47.6 billion, down 13% from 2003 but only slightly below its 10-year average of $48.2 billion.

Household Income

Median household money income in the United States in 2002 was $42,409, 1.1 percent lower than in 2001 after adjusting for 1.6 percent inflation. Under four alternative income definitions that deduct income and payroll taxes and include the value of various noncash benefits, real median household income did not change for three of the four income alternatives and declined 0.8 percent for income after taxes.

Poverty

For the second consecutive year the poverty rate rose, from 11.7 percent in 2001 to 12.1 percent in 2002. The number of poor increased also, by 1.7 million, to 34.6 million poor in 2001.