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U.S.
Personal Income, August 2008
Personal income
increased $61.5 billion, or 0.5 percent, and disposable personal income
(DPI) decreased $93.3 billion, or 0.9 percent, in August. Personal
consumption expenditures (PCE) increased $3.9 billion, or less than 0.1
percent. In July, personal income decreased $69.0 billion, or 0.6
percent, DPI decreased $91.0 billion, or 0.8 percent, and PCE increased
$14.2 billion, or 0.1 percent, based on revised estimates.
Consumer Confidence,
September 2008
The
Conference Board
Consumer Confidence Index™, which had improved moderately in August,
posted a slight gain in September. The Index now stands at 59.8
(1985=100), up from 58.5 in August. The Present Situation Index
decreased to 58.8 from 65.0 last month. The Expectations Index, however,
increased to 60.5 from 54.1 in August.
U.S. Manufacturers'
Inventories, August 2008
New orders
for manufactured goods in August, down following five consecutive
monthly increases, decreased $18.6 billion or 4.0 percent to $444.4
billion. This was the largest percent decrease in new orders since
October 2006 and followed a 0.7 percent July increase. Shipments, down
following five consecutive monthly increases, decreased $16.4 billion or
3.5 percent to $446.0 billion. This was the largest percent decrease in
shipments since September 2006 and followed a 1.4 percent July increase.
Unfilled orders, up thirty of the last thirty-one months, increased $3.0
billion or 0.4 percent to $827.2 billion.
U.S. Employment,
September 2008
The
unemployment rate rose from 5.7 to 6.1 percent in August, and non- farm
payroll employment continued to trend down (-84,000). In August,
employment fell in manufacturing and employment services, while mining
and health care continued to add jobs. Average hourly earnings rose by 7
cents, or 0.4 percent, over the month.
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