Personal Income Up 0.7 Percent in April

from JoeUser Forums
WASHINGTON - Personal income rose in April at the fastest pace this year while people's spending slowed after a big jump in March, the government reported Friday.

The Commerce Department reported that incomes rose by 0.7 percent last month, reflecting a big jump in hiring by private sector businesses. The increase followed two 0.5 percent gains in February and March and was the strongest showing since a 4 percent jump in December that had been fueled by a big dividend payment from computer software giant Microsoft.


http://news.yahoo.com/news?tmpl=story&u=/ap/20050527/ap_on_bi_go_ec_fi/economy
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