US: growth of disposable income exceeds growth of spending

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

Consumer spending increased by 0.1% while disposable income rose by 0.4% indicating the decrease in proportion put aside as savings, reported the Commerce Department. The forecast made by Marketwatch was an increase in spending by 0.3% while income was estimated to grow by 0.2%. The savings rate decreased by 4.1% in Q3 as compared to an advancement of 5.1% in Q2.

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Wed, 23 Nov 2011 14:44:58 GMT

Jobless claims again rose

The number of jobless claims in the US is higher than reported earlier, announced the Labor Department. The claims increased by 2,000 to a seasonally adjusted 393,000 while last week it was reported that the number of claims fell to 388,000. Experts predict that the number of unemployment-insurance benefits will continue to fluctuate near 400,000 until there will be an essential increase in hiring.

Wed, 23 Nov 2011 14:41:08 GMT

US savings rise in October

According to Commerce Department, Americans have increased their savings in October while the consumption has slightly declined. The rate of personal savings increased by 3.5% compared to 3.3% in September. Incomes advanced at faster pace than spending. Personal income surged by 0.4% in October while Americans improved their consumption only by 0.1%.

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