It’s not like the economy is Usain Bolt—slowing up at the end of a month isn’t going to work very often. Despite a lackluster finish, however, October manages to close out with the news just over 60 percent good.
Total compensation costs for civilian workers increased 0.4 percent from June to September. For the year ending in September, compensation costs and wages and salaries each rose 1.5 percent and benefits increased 1.6 percent. Good, not great, but plus is good.
Personal income decreased less than 0.1 percent, disposable personal income decreased less than 0.1 percent, and personal consumption expenditures decreased 0.5 percent in September. Not good, the income side was essentially unchanged, but growing consumption is important now.
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