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U.S. Consumer Spending Up 0.4% in August

Wall Street Journal (09/28/15) Jeffrey Sparshott

Personal spending rose 0.4% in August from a month earlier, according to the U.S. Department of Commerce. Spending, not adjusted for inflation, also rose 0.4% in July. Personal income increased 0.3% in August. Meanwhile, hiring was strong, unemployment fell, and wages increased. Some economists revised upward their estimates for third-quarter gross domestic product growth following the Commerce Department report.