Washington, DC – The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for August 2010.  Personal income increased 0.5 percent in August.  Real disposable personal income increased 0.2 percent.  Real consumer spending also increased 0.2 percent in August and the July-August average stood 1.6 percent at an annual rate above the second-quarter average.

An earlier version of this statement incorrectly reported that "the poverty rate would have been 14.8 percent instead of 14.3 percent in the absence of the Recovery Act. The correct statement is: "the poverty rate would have been 14.5 percent instead of 14.3 percent in the absence of the Recovery Act."

WASHINGTON, D.C. – The Commerce Department's U.S. Census Bureau today released data on income, poverty and health insurance coverage in 2009.

The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the second quarter of 2010. Growth in real GDP was lowered to 1.6 percent at an annual rate from the advance estimate of 2.4 percent. Most private-sector analysts had expected a revision to 1.4 percent in the second quarter. The downward revision reflected a wider trade deficit and lower inventories than were originally reported.

WASHINGTON – The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for June 2010. Personal income remained unchanged in June, and real disposable income increased 0.2 percent. Real personal consumption expenditures increased 0.1 percent in June and at a 1.6-percent annual rate in the second quarter.

“Employment in private industry is growing at a modest pace and this growth is helping to raise incomes among American families,” said U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank. “Healthy consumer spending goes hand-in-hand with income and job growth, and the administration remains focused on boosting employment to ensure every American who wants a job can get one.” (Release)

WASHINGTON – The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the third quarter of 2009. Real GDP rose 2.8 percent at an annual rate, down moderately from the advance estimate of 3.5 percent. Most private analysts had expected a revision to 2.7 percent in the third quarter.