Looks like the American economic engine is roaring. Here are the key economic metrics for November:
Prices declined 0.1% for the month.
Annual inflation rate fell to 2.6%.
Core CPI is 3.2%, which is down from 3.4% annualized in October.
Consumer spending, accounting for seasonality, increased 0.2% in November. When also accounting for inflation, this rose to 0.3% increase.
Personal income grew 0.4%.
Savings as a percentage of income grew to 4.1% from 4%.
Employment increased by 199k
The unemployment rate fell to 3.7%.
S&P 500 is up 4.17% over the last month.
Prices fell last month for the first time since April 2020 | CNN Business
Prices declined 0.1% for the month.
Annual inflation rate fell to 2.6%.
Core CPI is 3.2%, which is down from 3.4% annualized in October.
Consumer spending, accounting for seasonality, increased 0.2% in November. When also accounting for inflation, this rose to 0.3% increase.
Personal income grew 0.4%.
Savings as a percentage of income grew to 4.1% from 4%.
Employment increased by 199k
The unemployment rate fell to 3.7%.
S&P 500 is up 4.17% over the last month.
Prices fell last month for the first time since April 2020 | CNN Business