Labor Market Information - 2006 Archived Consumer Sector Scorecard

2006 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	2005	2006
Jan	164,959	179,444
Feb	164,959	179,444
Mar	164,959	179,444
Apr	166,933	182,883
May	166,933	182,883
Jun	166,933	182,883
Jul	169,659	185,342
Aug	169,659	185,342
Sep	169,659	185,342
Oct	173,666	188,526
Nov	173,666	188,526
Dec	173,666	188,526


Wages & Salaries Quarterly

2005	2006
84,467	90,926
84,467	90,926
84,467	90,926
86,543	91,113
86,543	91,113
86,543	91,113
89,073	91,816
89,073	91,816
89,073	91,816
89,253	93,633
89,253	93,633
89,253	93,633


Sales Tax Revenue

2005	2006
371.1	389.0
218.2	231.5
225.9	233.2
289.1	306.6
257.4	267.3
266.4	269.3
343.3	343.4
260.6	256.7
260.0	180.8
316.4	391.7
255.0	288.4
270.1	192.2


Prime Interest Rate

2005	2006
5.25%	7.26%
5.49%	7.50%
5.58%	7.53%
5.75%	7.75%
5.98%	7.93%
6.01%	8.02%
6.25%	8.25%
6.44%	8.25%
6.59%	8.25%
6.75%	8.25%
7.00%	8.25%
7.15%	8.25%


Conventional Mortgage Rates

2005	2006
5.71%	6.15%
5.63%	6.25%
5.93%	6.32%
5.86%	6.51%
5.72%	6.60%
5.58%	6.68%
5.70%	6.76%
5.82%	6.52%
5.77%	6.40%
6.07%	6.36%
6.33%	6.24%
6.27%	6.14%


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

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