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Keeping Track ...

Americans earn more

By Staff / March 8, 1999


americans' personal income surged 0.6 percent to $7.137 trillion in January after an unexpected 0.1 percent drop in December, says the Commerce Department. Consumer spending rose, but slowly - up 0.3 percent after a 0.7 percent jump in December. Some of that spending is going to auto sales, which jumped 12.6 percent last month.

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Meanwhile, unemployment inched up to 4.4 percent last month from 4.3 percent in January. Friday's labor report - indicating a continued strong economy with low inflation sent the stock market to a record high.