With Stocks Near All-Time High, Personal Income And Employment Data Are Released
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.
- Two Good Economic Surprises
- October Surprise May Be The Economy
- Economic Signs Are Fine Amid The Distractions
- Poverty Rate Dropped Again In 2019; A Sign Of Progress
- Stocks Dropped Last Week But Data Confirmed Economic Recovery
- Amid A Mixed Week For Stocks, A Strong Recommendation
- Is A Stock Bubble Bursting?
- S&P 500 Breaks Record For A Second Week
- S&P 500 Breaks New Record; Small Business Picture Is Different
- As If Coronavirus Never Hit, Retail Recovers
- Confirming Recovery Is Under Way
- Despite Grim Headlines, Stocks Rose Sharply -- Why?
- The Paradigm Shift In Valuing Stocks
- Retail Sales And Housing Starts In June Reveal Recovery's Shape
- Keeping Perspective In An Unreal Environment
- Economic Fundamentals Recovering As Stocks Surged For the Week
- Stocks Swing Wildly As Economic Recovery Begins
- Dog Days Of Summer In The Economy
- V-Shaped But Full Recovery Is Long Off
- Covid-19 Causes A Good Surprise
- The Epidemic Sets The Economy Back About Two Years
- Is This A New Bull Market?
- The Pandemic And Stocks
- Despite Disastrous Jobs Report, Stocks Surged 1.6% Friday