October income growth was anemic at best–that echoes the underlying weakness in yesterday’s revision of third quarter GDP

Today’s report shows that personal income growth was flat in October after growing by 0.4% in September. Correcting for the effects of Hurricane Sandy, the statisticians at the Bureau of Economic Analysis calculated, income would have been up 0.1% in October. That agrees with the October employment report, which wasn’t affected by the hurricane.

Who’s next on the special dividend hit parade?

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...