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Personal Income and Outlays

Statement from Commerce Under Secretary Rebecca Blank on Personal Income and Outlays in September 2010

Personal income decreased 0.1 percent and real consumer spending increased 0.1 percent in September, according to data released today by the U.S. Commerce Department’s Bureau of Economic Analysis. Real consumer spending in the third quarter was 2.6 percent higher, at an annual rate, than the second-quarter average. Real disposable personal income decreased 0.3 percent in September.

Statement from Commerce Under Secretary Rebecca Blank on Personal Income and Outlays in August 2010

Washington, DC – The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for August 2010.  Personal income increased 0.5 percent in August.  Real disposable personal income increased 0.2 percent.  Real consumer spending also increased 0.2 percent in August and the July-August average stood 1.6 percent at an annual rate above the second-quarter average.

Statement from Commerce Under Secretary Rebecca Blank on Personal Income and Outlays in June 2010

Washington, D.C. – The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for June 2010. Personal income remained unchanged in June, and real disposable income increased 0.2 percent.  Real personal consumption expenditures increased 0.1 percent in June and at a 1.6-percent annual rate in the second quarter.

“Employment in private industry is growing at a modest pace, and this growth is helping to raise incomes among American families,” said U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank. “Healthy consumer spending goes hand-in-hand with income and job growth, and the administration remains focused on boosting employment to ensure every American who wants a job can get one.”