Personal Savings Up

According to the Monday, January 30th report by the Bureau of Economic Analysis, “personal saving, defined as disposable personal income less personal outlays, was $460.1 billion in December, compared to $408 billion in November.   The personal saving rate – personal saving as a percentage of disposable income,  was 4.0%  in December, compared with 3.5% in November.”

This may be a trailer to the decline of the unemployment rate.   Since the figures are raw numbers, the higher the number and rate of jobs that are added, the higher this number will often be.    Jobs represent income.    The more income they have, the higher the gap between their income and their fixed expenses.

Disposable income rises, which consumers now have for spending, igniting demand and more jobs to meet demand.

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