Americans' incomes rose last month by the most in nine months, a hopeful sign after a year of weak wage gains.
The Commerce Department says incomes rose 0.5 percent, the strongest increase since a similar gain in March. Consumer spending was unchanged, following weak gains of 0.1 percent in both October and November.
The income increase after paying taxes and adjusting for inflation was 0.3 percent in December. For the year, inflation-adjusted incomes rose 0.9 percent, just half the modest 1.8 percent rise in 2010.
To comment, the following rules must be followed:
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.