Statement from U.S. Commerce Department Acting Deputy Secretary Rebecca Blank on Personal Income and Outlays in April 2011

The following press release was published by the U.S. Department of Commerce on May 27, 2011. It is reproduced in full below.

The U.S. Commerce Department’s Bureau of Economic Analysis today released data on personal income and outlays for April 2011. Personal income increased 0.4 percent in April, consistent with private-sector expectations. Wages and salaries, the largest component of income, rose a solid 0.4 percent, supported by improvements in the labor market. Real consumer spending rose 0.1 percent in April and is up 1.0 percent at an annual rate above its first-quarter average.

Source: U.S. Department of Commerce