Wages received by American workers rose in November at 0.3%, which is another evidence of improvement in the labor market in the United States. Increased wages and salaries resulted in increased personal income by 0,4% in the reporting period. Growth of personal income in November was a record high in May of this year.
Real disposable income adjusted for inflation and taxes rose in November at 0.2% for the third consecutive month.
Consumer spending increased in the reporting period to 0.5% after increasing by 0,6% in October.
Real disposable income adjusted for inflation and taxes rose in November at 0.2% for the third consecutive month.
Consumer spending increased in the reporting period to 0.5% after increasing by 0,6% in October.
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