As the economy continues to come under fire from our friends who are left of center, it is interesting to note that the facts dispute hype.
Today, the Department of Commerce released its personal income and outlays report, which shows yet another month of growth.
Personal income increased $53.0 billion, or 0.5 percent, and disposable personal income (DPI) increased $49.3 billion, or 0.5 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $11.6 billion, or 0.1 percent. In August, personal income increased $47.2 billion, or 0.4 percent, DPI increased $46.4 billion, or 0.5 percent, and PCE increased $15.3 billion, or 0.2 percent, based on revised estimates.
Private wage and salary disbursements increased $31.0 billion in September, compared with an increase of $10.1 billion in August. Goods-producing industries’ payrolls increased $1.3 billion, compared with an increase of $3.0 billion; manufacturing payrolls decreased $0.4 billion, in contrast to an increase of $0.7 billion. Services-producing industries’ payrolls increased $29.7 billion,
compared with an increase of $7.0 billion. Government wage and salary disbursements increased $1.8 billion, compared with an increase of $3.3 billion.
I wonder how the Democratic Spin Machine will turn this as a negative to republicans and underscoring the need for change?









