Consumer Spending Gains Slow To 1% In August

NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Thu, 10/01/2020 - 1:30am

WASHINGTON (AP) — U.S. consumer spending slowed in August and personal income fell as a $600 weekly benefit for Americans who are unemployed during the pandemic expired. The Commerce Department reported Thursday that spending grew by just 1%, the weakest growth since spending fell 12.7% in April when rapidly spreading COVID-19 infections shut down large parts of the economy. A 2.7% drop in income in August followed a gain of 0.5% in the previous month.Read more on NewsOK.com

NEXT
Topics:  washington ap     u.s   americans   the commerce department   april   covid-19   newsok   a   august   slow   consumer spending   fell   income   
BING NEWS:
  • US employers scale back hiring
    WASHINGTON -- The nation's employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S.
    05/3/2024 - 7:54 pm | View Link
  • Fiserv Small Business Index for April: sales at retail and service businesses up; discretionary spend down
    F iserv has published the Fiserv Small Business Index for April 2024. Nationally, the seasonally adjusted Fiserv Small Business Index increased 4 points to 145. Small business sales grew 5.6% ...
    05/3/2024 - 3:14 pm | View Link
  • Fed faces fine-line walk between inflation hawk and slow-growth realist
    Higher-for-longer interest rates will deliver its inflation mandate but at what cost to growth? The Fed needs to spell out its 'last mile' mission.
    04/30/2024 - 4:33 pm | View Link
  • Japan's Factory Activity Falls Slow, PMI Shows
    Japan's factory activity shrank at a slower pace in April as declines in output and new orders eased, a private-sector survey showed on Wednesday. Inflationary pressure continued but firms found ...
    04/30/2024 - 1:33 pm | View Link
  • Americans’ pay gains rose faster than expected so far this year
    On an annual basis, the index that measures changes in wages and benefits held pat at 4.2% for the year ending in March. The heftiest pay gains are occurring in the public sector, ...
    04/30/2024 - 3:46 am | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News