While the U.S. economy contracted at the sharpest rate on record in the second quarter, people’s income increased significantly, thanks to government support during that time. Personal income grew by ...
The rise in income growth came as real GDP per capita increased at a 0.5% rate in the second quarter, up from 0.1% in the ...
The federal debt-to-GDP ratio in Budget 2025 is projected to be higher compared with the 2024 fall economic statement, 'and ...
We have already seen a slightly lower reading on weekly jobless claims on Thursday, but the more important report is on personal income and spending. The U.S. Commerce Department reported that ...
Despite continued GDP growth, household income declined slightly in the fourth quarter of 2021, the Organization for Economic Cooperation and Development (OECD) reports. The Paris-based group said GDP ...
Rural consumption continues to outperform urban demand in the country despite income tax cuts and GST 2.0 reforms aimed at boosting urban consumption, a report said on Saturday. The report from ...
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