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| Americans' personal incomes take a dive |
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 Personal incomes which had been bolstered by a large stock dividend payment in December plunged 2.3 percent in January, the sharpest decline in more than a decade. Consumer spending was flat, the government reported today.
The Commerce Department said the sharp January drop in incomes followed a record 3.7 percent jump in incomes in December with both months heavily influenced by a $3 per share dividend payment that computer software giant Microsoft made on Dec. 2.
Without that $32 billion payment, personal incomes would have shown steadier gains of 0.6 percent in December and 0.5 percent in January.
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Posted on Monday, February 28 @ 10:13:06 PST by MarkL |
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