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Personal income up slightly in September

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Personal income up slightly in September

Few surprises in September report.

Personal income increased $22.7 billion, or 0.2%, and disposable personal income (DPI) increased $15.7 billion, or 0.1%, in September, according to the Bureau of Economic Analysis.

In August, personal income increased $50.7 billion, or 0.3%, and DPI increased $37.5 billion, or 0.3%.

Private wages and salaries increased $12.6 billion in September, compared with an increase of $36.3 billion in August. Goods-producing industries' payrolls increased $0.7 billion, compared with an increase of $4.8 billion; manufacturing payrolls decreased $0.3 billion, in contrast to an increase of $2.2 billion.

Services-producing industries' payrolls increased $11.9 billion, compared with an increase of $31.4 billion. Government wages and salaries increased $1.4 billion, compared with an increase of $0.9 billion.

Personal saving was $732.2 billion in September, compared with $702.0 billion in August. The personal saving rate -- personal saving as a percentage of disposable

personal income -- was 5.6% in September, compared with 5.4% in August.

The full report can be found here.

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