The Federal Government is currently shut down. This website was last updated on October 1, 2013 and will not be updated until it reopens; as such, information on it may not be up to date. Transactions submitted via this website might not be processed and we will not be able to respond to inquiries until after appropriations are enacted.

More information here.

Okay, continue to Commerce.gov

Statement from Commerce Chief Economist Mark Doms on September 2009 Personal Income and Outlays

Submitted on October 30, 2009 - 10:57am
Categories:
Printer-friendly version

FOR IMMEDIATE RELEASE

Friday, October 30, 2009

CONTACT OFFICE OF PUBLIC AFFAIRS

202-482-4883

Statement from Commerce Chief Economist Mark Doms on September 2009 Personal Income and Outlays

The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for September 2009. Personal income remained unchanged, real disposable personal income decreased 0.1 percent, and real personal consumption expenditures declined 0.6 percent.

“Real consumer spending grew strongly in the third quarter of 2009, despite a decline in September. This fact, combined with yesterday’s news that GDP increased in the third quarter, provides further evidence that the tough decisions the Obama administration made to rescue the economy from the abyss were correct. Even though there are still too many Americans out of work and still much work to be done, we’re headed in the right direction.”