With Stocks Near All-Time High, Personal Income And Employment Data Are Released
Published Thursday, August 3, 2017 at: 7:00 AM EDT
Real disposable personal income grew 2.8% in the 12 months ended June 30. That's the same rate as in the last economic expansion and is enough to fuel continued economic growth. Real disposable personal income is a key figure in driving the economy because it is the key determinant of consumer spending and 70% of U.S. growth comes from consumer spending. Meanwhile, the official unemployment rate declined to 4.3%. That's lower than the bottom of 4.4% in the rate of joblessness achieved in the last economic expansion in spring 2007. Not since May 2001 has the unemployment rate been...
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.
2022
-
Investing In An Economy Beset By Multiple Anomalies
-
Despite Bad Economic News, Stocks Rose 4% In The Week Ended July 29, 2022
-
Amid Bad Data Releases, Leading Economists Predict No Recession
-
Good News: Real Retail Sales Dropped Fractionally In The Past Year
-
Financial Economic News Analysis
-
The Good News Is All This Bad News
-
Four Signs A Recession Could Be Short And Shallow
-
Odds Of A Soft Landing Shrunk After Friday's News
-
Bad Inflation Surprise Sends Stocks Down Sharply
-
It Could Be A Long, Hot Summer For Investors
-
What A Difference A Week Makes
-
Amid Stock Market Turmoil, +2.3% Growth Projected In 2022
-
Staying On Track Amid The Ukraine And Inflation Crises
-
For Investors, 2022 Is Turning Into A Test
-
Is The Economy Brightening? Or Is The Federal Reserve Slamming The Door On Growth
-
Financial Economic News In Perspective
-
Stocks Closed Lower This Week On Inflation Fears
-
The Main Risk To Investors Now Is Federal Reserve Policy
-
Service Sector Jobs Are Catching Up
-
Stocks Returned +8.3% More Annually Than 90-Day T-Bills In Past 20 Years
-
Perspective Amid A Moment Seeming Fraught With Investment Risk
-
Two Years After The Pandemic Began
-
Turning The Page On A Dark Period In History
-
Russia-Ukraine War Erupted And Inflation Worsened But Outlook Drove Stocks Higher For The Week