U.S. personal income falls; spending weakest since 2009

[McRocket]

'U.S. personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most since 2009 in December.

The report from the Commerce Department on Friday also showed inflation pressures remaining tame, which together with slowing domestic and global economic growth gave more credence to the Federal Reserve’s “patient” stance towards raising interest rates further this year.

Personal income slipped 0.1 percent in January, the first decline since November 2015, after jumping 1.0 percent in December. Income was weighed down by decreases in dividend, farm proprietors’ and interest income. Wages increased by a moderate 0.3 percent in January after rising 0.5 percent in December.

Economists polled by Reuters had forecast incomes rising 0.3 percent in January.

The Commerce Department did not publish the January consumer spending portion of the report as the collection and processing of retail sales data was delayed by a 35-day partial shutdown of the government that ended on Jan. 25.

It reported that consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.5 percent in December. That was the biggest decline since September 2009 and followed a 0.6 percent increase in November.'

U.S. personal income falls; spending weakest since 2009 | Reuters

Combine with the sub-3% GDP growth for 2018, the record goods trade deficit and the massive fiscal deficit Trump is currently running for the present FY?

Winning?

 

[Oddball]

So income is still a net +.9....And the affect on consumer spending by the partial gubmint shutdown was statistically negligible.

Nice try, Corky.

 

[flack]

'U.S. personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most since 2009 in December.

The report from the Commerce Department on Friday also showed inflation pressures remaining tame, which together with slowing domestic and global economic growth gave more credence to the Federal Reserve’s “patient” stance towards raising interest rates further this year.

Personal income slipped 0.1 percent in January, the first decline since November 2015, after jumping 1.0 percent in December. Income was weighed down by decreases in dividend, farm proprietors’ and interest income. Wages increased by a moderate 0.3 percent in January after rising 0.5 percent in December.

Economists polled by Reuters had forecast incomes rising 0.3 percent in January.

The Commerce Department did not publish the January consumer spending portion of the report as the collection and processing of retail sales data was delayed by a 35-day partial shutdown of the government that ended on Jan. 25.

It reported that consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.5 percent in December. That was the biggest decline since September 2009 and followed a 0.6 percent increase in November.'

U.S. personal income falls; spending weakest since 2009 | Reuters

Winning?

 

[flack]

Government shutdown. Thanks libtards!!!

 

[initforme]

Things aren't improving....average folk aren't going to get ahead....just saying

 

[Moonglow]

Things aren't improving....average folk aren't going to get ahead....just saying

That's the plan by our billionaire masters.

 

[Brain357]

'U.S. personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most since 2009 in December.

The report from the Commerce Department on Friday also showed inflation pressures remaining tame, which together with slowing domestic and global economic growth gave more credence to the Federal Reserve’s “patient” stance towards raising interest rates further this year.

Personal income slipped 0.1 percent in January, the first decline since November 2015, after jumping 1.0 percent in December. Income was weighed down by decreases in dividend, farm proprietors’ and interest income. Wages increased by a moderate 0.3 percent in January after rising 0.5 percent in December.

Economists polled by Reuters had forecast incomes rising 0.3 percent in January.

The Commerce Department did not publish the January consumer spending portion of the report as the collection and processing of retail sales data was delayed by a 35-day partial shutdown of the government that ended on Jan. 25.

It reported that consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.5 percent in December. That was the biggest decline since September 2009 and followed a 0.6 percent increase in November.'

U.S. personal income falls; spending weakest since 2009 | Reuters

Combine with the sub-3% GDP growth for 2018, the record goods trade deficit and the massive fiscal deficit Trump is currently running for the present FY?

Winning?

All that success with drastically increasing deficits.

 

[Blues Man]

Things aren't improving....average folk aren't going to get ahead....just saying

Average people are average for a reason

 

[McRocket]

Government shutdown. Thanks libtards!!!

1) the government shutdown only came at the end of the month and had little effect on the Christmas buying season.

2) Trump said himself that he owned it.

Trump owns shutdown

It is 100% his shutdown and 100% his responsibility...he said so himself.

So blaming libs for it is ridiculous.

 

[Mr Natural]

“Prosperity Through Lower Wages!”

 

[Mr Natural]

“Prosperity Through Lower Wages!”

 

[Wyatt earp]

Things aren't improving....average folk aren't going to get ahead....just saying

so all these city's and states raising minimum wage not doing anything.... huh?


that's what we thought

 

[miketx]

'U.S. personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most since 2009 in December.

The report from the Commerce Department on Friday also showed inflation pressures remaining tame, which together with slowing domestic and global economic growth gave more credence to the Federal Reserve’s “patient” stance towards raising interest rates further this year.

Personal income slipped 0.1 percent in January, the first decline since November 2015, after jumping 1.0 percent in December. Income was weighed down by decreases in dividend, farm proprietors’ and interest income. Wages increased by a moderate 0.3 percent in January after rising 0.5 percent in December.

Economists polled by Reuters had forecast incomes rising 0.3 percent in January.

The Commerce Department did not publish the January consumer spending portion of the report as the collection and processing of retail sales data was delayed by a 35-day partial shutdown of the government that ended on Jan. 25.

It reported that consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.5 percent in December. That was the biggest decline since September 2009 and followed a 0.6 percent increase in November.'

U.S. personal income falls; spending weakest since 2009 | Reuters

Combine with the sub-3% GDP growth for 2018, the record goods trade deficit and the massive fiscal deficit Trump is currently running for the present FY?

Winning?

Fake news.

 

[miketx]

Things aren't improving....average folk aren't going to get ahead....just saying

You meant just prayin'.

 

[flack]

The blind leading the blind. This country is doing better than it has since the libtards destroyed the economy to get Obama elected in 08.

 

[harmonica]

Trump is a bad man

 

[depotoo]

January 2019:
-0.1 percent
December 2018:
1.0 percent
Personal income decreased 0.1 percent in January after increasing 1.0 percent in December, the largest increase since December 2012. Wages and salaries, the largest component of personal income, increased 0.3 percent in January after increasing 0.5 percent in December
Personal Income | U.S. Bureau of Economic Analysis (BEA)

 

[Tax Man]

The money managers are not so sure about where Americans are as far as income or spending. Seems they feel that with more people in debt and having less savings puts us at risk.