Tuesday, March 2, 2010

Personal Income Up; Disposible Income Down

From cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 BEA:

Personal income increased $11.4 billion, or 0.1 percent, and disposable personal income (DPI) decreased $47.6 billion, or 0.4 percent, in January, according to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Bureau of Economic Analysis. The decrease in DPI reflected an increase in federal nonwithheld income taxes. Personal consumption expenditures (PCE) increased $52.4 billion, or 0.5 percent. In December, personal income increased $41.2 billion, or 0.3 percent, DPI increased $40.3 billion, or 0.4 percent, and PCE increased $26.4 billion, or 0.3 percent, based on revised estimates.


Let's go to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 data:


Service wages are up, and have been increasing for most of last year. However,



Goods producing industries are seeing cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir wages stall. This makes sense, given that manufacturing employment is taking a massive hit during this recession.


After five months of increases, disposable personal income dropped.


Note that total PCEs (personal consumption expenditures) have been increasing since July.

Service expenditures -- which account for about 65% of total PCEs -- are a large reason for that increase.


Non-durable purchases appear to have stalled, but are still at higher levels than lase year.


Durable goods purchases have been increasing for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 last four months. This is very good news as it indicates cash for clunkers did not skew purchases forwarded as feared.