New data from the U.S. Department of Commerce’s Bureau of Economic Analysis report that personal income increased 0.3% in July. In addition, wages & salaries, the largest component of personal income, increased 0.4% in July, the same increase as in June.
“The increase in personal income in July primarily reflected increases in wages and salaries, personal dividend income, and rental income”
Click here to read the full report at the U.S. Bureau of Economic Analysis.