Personal Income and Expenses (September 2011)
Personal Income - Month/Month +0.1 %
Personal Income - Year/Year +4.4 %
Consumer Spending - Month/Month +0.6 %
Consumer Spending - Year/Year change 5.3 %
Core PCE price index - Month/Month +0.0 %
Core PCE price index - Year/Year +1.6 %
PCE is an inflation measure weighted by actual consumer spending.
Real Disposable Income is still flat as evidenced in this graph
Employment Cost Index
ECI - Quarter/Quarter +0.3 %. Previous was +0.7%
ECI - Year/Year +2.0 %. Previous was +2.2%
Increases in employment costs are largely due to increased costs of benefits and reflect increased health care costs.