Tuesday, August 05, 2008

Personal Income and Outlays Increased in June

From looking at the raw data, the U.S. economy has slowed... but is still strong. Don't let liberals tell you the economy is in ruins when in fact it is still growing.

Americans' personal income increased $6.8 billion in June, according to figures released by the Commerce Department's Bureau of Economic Analysis on August 4, 2008. Revised figures for May show an increase of $219.3 billion. Personal outlays in June increased $60.8 billion after an increase of $80.2 billion in May. Personal consumption expenditures increased $57.1 billion in June, compared with a May increase of $76.5 billion. Personal saving was $275.9 billion in June, compared with $547.0 billion in May.

1 comment:

Patrick said...

Don't give me that Hank. Open your eyes. Times are terrible. Only 94.3% of workers have jobs right now. Record numbers of people have air conditioning, internet connection, cable TV, and cars. Everywhere you go people are stocking up on flat panel TV's, $500 laptops, and new iphones just to make ends meet. We are reliving the 1930's.