Economy, Personal Income | featured news

It may be premature to call it a runaway hit, but in the first month since the Census Bureau released its first mobile application, it’s been downloaded more than 32,000 times. The app, called America’s Economy, provides updated statistics from the Census Bureau, the Bureau of Economic Analysis and the Bureau of Labor Statistics. It includes 16 monthly economic indicators,such as house sales, personal income, international trade, gross domestic product and the unemployment rate.

As the Federal Reserve meets Tuesday and Wednesday to consider new stimulus for the weak economy, one of the key data it will be looking at is consumer spending, which is clearly waning.

The pace of consumer spending stalled in June and personal incomes failed to increase, further evidence that the economic recovery slowed in the spring.

Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the economy slowly recover from the worst recession in decades.