NICE: US Jobless Claims Fall; Consumers Keep Rolling; Personal Income Jumps; Savings Rate Rises

The number of Americans filing new claims for unemployment benefits fell slightly last week. Meanwhile, separate data showed consumer spending increased 0.3 percent last month.

NICE: Personal Income Jumps And Beats Expectations

The May reading of personal income and spending is out, and it looks good.


Income jumped 0.5%, beating expectations for a 0.2% gain.

Spending climbed 0.3%, which was right in line with expectations.

The personal saving rate — personal saving as a percentage of disposable personal income —climbed to 3.2% from 3.0% in April.

Overall, this is a positive report as the numbers show Americans are saving more even as they are increasingly spending.

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  • Bwhhaaa hhaaa hhaaaa

    Wow!..Somebody is smoking some really powerful drugs! This article is like saying the house is on fire, but isn’t it nice that the heating bill is suddenly so low.