Commerce Department

9:12am

Wed February 1, 2012
The Two-Way

Construction Spending Rises To Highest Annual Rate In 20 Months

For the fifth consecutive month, builders increased spending in December, the Commerce Department said today. The figures tempered yesterday's news that home prices in most markets tracked by the S&P/Case-Shiller index had slipped 1.3 percent in November.

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6:44am

Mon January 30, 2012
The Two-Way

In December, Personal Income Saw Biggest Gain In 9 Months

Originally published on Mon January 30, 2012 6:45 am

In December, personal income climbed 0.5 percent, while disposable income rose 0.4 percent. New figures released today from the Commerce Department also show that consumer spending was flat, increasing 0.1 percent from the month before.

While the AP reports that rise in income was the most in nine months, the news is a mixed bag.

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6:34am

Fri January 27, 2012
The Two-Way

Signaling Modest Growth, U.S. GDP Grew At 2.8 Percent In Fourth Quarter

The United States economy continued to expand modestly toward the end of 2011. The Commerce Department says it grew at an annual rate of 2.8 percent in the fourth quarter and 1.7 in all of 2011.

This means that the economy has expanded for the last two years, after a 3.5 percent decline in 2009. The economy did slow down in 2011. It grew 3 percent in 2010.

The Commerce Department explains:

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12:11pm

Fri April 29, 2011
Personal Finance

Personal Incomes Increase, Gains Given Back at the Pump

Creative Commons

The Commerce Department says American’s personal incomes rose in March. But much of that extra money went to pay for more costly gasoline.

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