U.S. Real Disposable Income Falls Again
After 3 monthly decreases between September and December 2009, real disposable income excluding transfer payments, dropped for the second month in a row in February.
The March number will likely turm positive, as the February number was depressed by the depressing weather conditions in north eastern United States during February. On the other hand, the recovery in energy prices will reduce real income.
In light of these special circumstances, it seems clear that the U.S. economy is still recovering-but that the recovery is weak and vulnerable.
The March number will likely turm positive, as the February number was depressed by the depressing weather conditions in north eastern United States during February. On the other hand, the recovery in energy prices will reduce real income.
In light of these special circumstances, it seems clear that the U.S. economy is still recovering-but that the recovery is weak and vulnerable.
posted by stefankarlsson at 9:44 PM
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