Real Disposable Income Per Capita Slides For 2nd Straight Month

Jon Alternative Media, Blogosphere, Economy

Personal Income rose less than expected in September ( 0.3% vs 0.4% exp MoM) and thanks to a downward revision in August, Spending rose more than expected ( 0.5% vs 0.4% MoM).
In context, income and spending continue to rise…
Both income ( 3.2%) and spending ( 3.7%) growth rose in September on a year-over-year basis with service sector wages ( $19.9bn) rising dramatically relative to goods-producing ( $4.3bn).

This post was published at Zero Hedge on Oct 31, 2016.