Labor Market Information - 2005 Archived Consumer Sector Scorecard

2005 Consumer Sector Economic Scorecard - State of Connecticut

Benchmarked March 2012

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Critical to the health of the National and State economies is the ability of consumers to buy the goods and services being offered for sale by businesses. In turn, consumer demand is predicated on the willingness and ability of buyers to make purchases. Signals on consumers’ ability to buy are usually found in the levels, changes from the previous period, and year-to-year changes, of quarterly personal income #1, and quarterly wages and salaries #2, and in the prime rate #4 and conventional mortgage rates #5. Their willingness is reflected in their actual behavior. That is, are they actually making purchases? The most timely indicator that sends a signal about actual consumer behavior, at the state level, is sales tax revenue #3 activity. For charts, trends and data for the five consumer economic indicators and historical totals follow the column header links or "trends" buttons.


Personal Income Quarterly

Month	2004	2005
Jan	156,120	164,959
Feb	156,120	164,959
Mar	156,120	164,959
Apr	159,590	166,933
May	159,590	166,933
Jun	159,590	166,933
Jul	163,386	169,659
Aug	163,386	169,659
Sep	163,386	169,659
Oct	166,617	173,666
Nov	166,617	173,666
Dec	166,617	173,666


Wages & Salaries Quarterly

2004	2005
81,341	84,467
81,341	84,467
81,341	84,467
81,870	86,543
81,870	86,543
81,870	86,543
83,837	89,073
83,837	89,073
83,837	89,073
86,135	89,253
86,135	89,253
86,135	89,253


Sales Tax Revenue

2004	2005
361.8	371.1
210.2	218.2
215.2	225.9
277.9	289.1
244.9	257.4
252.7	266.4
322.9	343.3
253.9	260.6
250.3	260.0
303.2	316.4
252.4	255.0
258.2	270.1


Prime Interest Rate

2004	2005
4.00%	5.25%
4.00%	5.49%
4.00%	5.58%
4.00%	5.75%
4.00%	5.98%
4.01%	6.01%
4.25%	6.25%
4.43%	6.44%
4.58%	6.59%
4.75%	6.75%
4.93%	7.00%
5.15%	7.15%


Conventional Mortgage Rates

2004	2005
5.74%	5.71%
5.64%	5.63%
5.45%	5.93%
5.83%	5.86%
6.27%	5.72%
6.29%	5.58%
6.06%	5.70%
5.87%	5.82%
5.75%	5.77%
5.72%	6.07%
5.73%	6.33%
5.75%	6.27%


Consumer Scorecard Totals [(Up/Total)-(Down/Total)]x100=Net

Total	Up	Down	NC	Net %
5	4	1	0	+60%
5	4	1	0	+60%
5	3	2	0	+20%
5	3	2	0	+20%
5	4	1	0	+60%
5	4	1	0	+60%
5	4	1	0	+60%
5	4	1	0	+60%
5	3	2	0	+20%
5	3	2	0	+20%
5	3	2	0	+20%
5	3	2	0	+20%