Posted on 05/01/2017 5:45:14 AM PDT by RoosterRedux
Personal income increased $40.0 billion (0.2 percent) in March according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $35.0 billion (0.2 percent) and personal consumption expenditures (PCE) increased $5.7 billion (less than 0.1 percent).
Real DPI increased 0.5 percent in March and Real PCE increased 0.3 percent. The PCE price index decreased 0.2 percent. Excluding food and energy, the PCE price index decreased 0.1 percent.
(Excerpt) Read more at bea.gov ...
“The increase in personal income in March primarily reflected increases in government social benefits
to persons, nonfarm proprietors’ income, and compensation of employees (table 3).”
Duh.
I actually think this is good news because it provides a clear line of demarcation between Trump and Obama.
No longer can the Obama people say that Obama handed Trump an already strong economy.
I was hoping to have the swamp drained overnight, but it’s going to take a little longer than I’d hoped. We’re getting there. Swamp-draining will have a positive effect on income and productivity.
Consumer Spending in U.S. Stalls in March
I’m ever optimistic :-)
Until this cr@p gets dealt with, however, I’m still dealing with the daily excrement storm that is life in the nanny state. And it’s making me pretty dang CRANKY.
I can assure you my personal income didn’t increase $40.1 billion.
Folks you cannot even imagine the potential of our economy once Secretary Pruitt, get’s off his duff and cancels every clinton, bush and obama EPA regulation.
No one but no one cares more about our land than my family.
The EPA is nothing but the new socialism.
Consumer spending SHOULD stall as the economy shifts to investment and production.
Says Law/Reaganomics says consumption should lag if economy is moving into investment & production. Consumption will then follow.
The only growth that’s occurring in my neck of the woods, Upstate NY, is the nanny state. Everything else is circling the bowl.
Why exclude food and energy? Are people not paying for those items?
The without numbers speaks more to discretionary consumption.
The without NUMBER (singular) speaks more to discretionary consumption.
They're not viewed as reliable indicators of economic growth (or decline) as the demand for those is inelastic.
Not here. Chandler AZ is the fastest growing city in the US.
NYS has growth, too. But not all growth is good.
Both #s are shown. The reason a lot of people like them stripped on a monthly basis is they are very volatile. When gas dropped from $3.25 to $2 a couple of years ago, do you think factoring in a 39% drop in oil prices were really reflective of overall inflation? Over the long term, you need them included but on a month to month basis, its better to get rid of the noise.
Those income sources don’t count as income, I thought. Welfare benefits, including food stamps, are not considered income and are not taxes.
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