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Saturday, December 14, 2019
HomeNewsEconomyPersonal Income and Outlays: Wages Post Solid Gain for Fourth Straight Month

Personal Income and Outlays: Wages Post Solid Gain for Fourth Straight Month

People count money at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)
People count money at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)

People count money at Macy’s Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)

The Bureau of Economic Analysis (BEA) report on personal income and outlays show wages and salaries posting solid gains for the fourth straight month.

Personal income increased by an estimated $67.3 billion (0.4%) in February, disposable personal income (DPI) increased $53.9 billion (0.4%) and personal consumption expenditures (PCE) increased $27.7 billion (0.2%).

The wages and salaries component rose by 0.5%.

Real DPI increased 0.2% in February and Real PCE increased less than 0.1%. The PCE price index increased 0.2%. Excluding food and energy, the the so-called core PCE price index increased 0.2%.

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Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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