Personal income was flat month-on-month (m/m) in January, better than the consensus call for a decline of 0.3% m/m. December growth was revised up from 0.3% m/m to 0.4% m/m. Compensation of employees (+0.6% m/m) continue to be the driving force of higher income, with both private and government wages rising. Removing the effect of […]
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