The following is the unedited transcript of the news release from the Bureau of Economic Analysis.

Wages and salaries

Private wage and salary disbursements increased $22.2 billion in March, compared with anincrease of $19.8 billion in February. Goods-producing industries' payrolls increased $2.8 billion, compared with an increase of $2.9 billion; manufacturing payrolls increased $2.0 million,compared with an increase of $1.6 billion. Services-producing industries' payrolls increased $19.4 billion, compared with an increase of $16.8 billion. Government wage and salary disbursements increased $2.6 billion, compared with an increase of $4.2 billion.

Other personal income

Supplements to wages and salaries increased $9.3 billion in March, compared with an increase of $9.2 billion in February.

Proprietors' income increased $6.7 billion in March, in contrast to a decrease of $1.4 billion in February. Farm proprietors' income decreased $0.5 billion, compared with a decrease of $2.8 billion. Nonfarm proprietors' income increased $7.2 billion, compared with an increase of $1.4 billion.

Rental income of persons decreased $3.3 billion in March, compared with a decrease of $2.1 billion in February. Personal income receipts on assets (personal interest income plus personal dividend income) increased $2.6 billion, compared with an increase of $2.0 billion.

Personal current transfer receipts increased $51.6 billion in March, compared with anincrease of $5.1 billion in February. The March increase reflected an increase of payments for the new Medicare Part D Prescription Drug Plan, which added $40.9 billion.

Contributions for government social insurance -- a subtraction in calculating personal income - increased $2.9 billion in March, compared with an increase of $3.6 billion in February.

Personal current taxes and disposable personal income

Personal current taxes increased $10.4 billion in March, compared with an increase of $10.0 billion in February. Disposable personal income (DPI) -- personal income less personal current taxes -- increased $78.4 billion, or 0.8 percent, in March, compared with an increase of $23.1 billion, or 0.2 percent, in February.


Personal outlays and personal saving

Personal outlays -- PCE, personal interest payments, and personal current transfer payments increased $52.7 billion in March, compared with an increase of $20.7 billion in February. PCE increased $51.8 billion, compared with an increase of $20.0 billion.

Personal saving -- DPI less personal outlays -- was a negative $32.5 billion in March, compared with a negative $58.3 billion in February. Personal saving as a percentage of isposable personal income was a negative 0.3 percent in March, compared with a negative 0.6 percent in February. Negative personal saving reflects personal outlays that exceed disposable personal income. Saving from current income may be near zero or negative when outlays are financed by borrowing (including borrowing financed through credit cards or home equity loans), by seling investments or other assets, or by using savings from previous periods.

Real DPI and real PCE

Real DPI -- DPI adjusted to remove price changes -- increased 0.5 percent in March, compared with an increase of 0.2 percent in February.

Real PCE -- PCE adjusted to remove price changes -- increased 0.2 percent in March, the same increase as in February. Purchases of durable goods increased 0.6 percent in March, in contrast to a decrease of 1.7 percent in February. Purchases of nondurable goods decreased 0.4 percent, compared with a decrease of 0.2 percent. Purchases of services increased 0.4 percent, compared with an increase of 0.7 percent.

Available at:
http://www.bea.gov/bea/newsrel/pinewsrelease.htm