Data released by the Bureau of Economic Analysis at the Commerce Department this morning shows that Americans earned a bit more, spent a bit less and saved more in June — all in line with economists’ expectations. Consumer spending drives about 60 percent of the economy, therefore, economists do More…
This morning, the Census Bureau reported that retail sales climbed in April, good news for business and more evidence of a present, if slow-growing, self-sustaining recovery.
The Census Bureau said retail and food services sales climbed 0.4 percent to $366.4 billion. Retail sales alone climbed 0.5 percent, 9.6 percent More…
This morning, the Commerce Department released its latest set of data on income and consumption. The good news? They are both growing — Americans are earning more, and spending more. The bad news? Consumption is growing faster than income, and Americans are saving less to fuel their purchases.
But More…
After a summer of grimacing at the pump — with gas prices reaching an average of $4 a gallon — consumers are finally getting some relief. Just a few months ago, the cost of crude oil was as high as $140 a barrel. Now it More…
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