“Personal income increased $59.3 billion, or 0.5 percent, and disposable personal income (DPI) increased $52.0 billion, or 0.5 percent, in August, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $41.3 billion, or 0.4 percent. In July, personal income increased $22.0 billion, or 0.2 percent, DPI increased $5.7 billion, or less than 0.1 percent, and PCE increased $41.4 billion, or 0.4 percent, based on revised estimates…Government wage and salary disbursements decreased $5.2 billion in August, in contrast to an increase of $0.8 billion in July. Increased furloughs of state and local workers reduced state and local payrolls by $3.9 billion at an annual rate in August, after a decrease in furloughs boosted payrolls by $2.0 billion in July. Temporary Census workers boosted federal civilian payrolls by $0.9 billion at an annual rate in August, after boosting payrolls by $2.5 billion in July.”
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