Consumer spending up in Feb; jobless claims at 45-year low
Share
Tweet
March 30, 2018
WASHINGTON (AP) — Americans increased their spending just 0.2 percent in February, while their incomes were boosted by increased wages and business owners' income.
The Commerce Department said Thursday the modest spending increase followed an equal gain in January and a rise of 0.4 percent in December. Incomes increased a healthy 0.4 percent.
The report came as a new indication emerged of a healthy job market. The number of Americans filing claims for jobless benefits dropped by 12,000 last week to 215,000 — the lowest level in 45 years. It's a sign that employers anticipate solid growth and w...
For access to this article please
sign in or
subscribe.
Reader Comments(0)