February 2008 Stats for Spending and Personal Income

February 2008 Stats for spending and personal income:

The US consumer increased their spending by 0.1% – That is the slowest increase since September 2006

The US consumer decreased their spending by 0.1% in December

Spending by US consumers equates roughly to two-thirds of the GDP (see yesterdays report regarding the 4th quarter GDP reading).

———————–

Core P.C.E. inflation rose at 2% in February. That is within the Federal Reserve’s tolerance.

January’s Core P.C.E. was revised to 2% as well.

Total inflation rose to 3.4% last month. Slightly better than the 3.5% for January.

———————–

Personal income grew at a rate of 0.5%. Analysts were expecting a raise of 0.3%.

About benleeson
My name is Ben Leeson. I currently work for a large financial company in IT. I went to school at Marist College in Poughkeepsie, NY. I graduated with a B.S. in Business Administration concentrating in HR. Professor William Brown taught me and I enjoyed his classes; even acquiring an appreciation for just about all things HR. I didn’t pursue a job in that field after college but I’ve kept up with it. This blog will further my fascination with all things HR. I hope to grow my knowledge of the area through thoughtful writings and spirited feedback. I will attempt to have a fairly routine style so anyone reading can come to expect certain segments. Please excuse my incorrect grammar and occasional misspelling.

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