Thursday, March 01, 2012

U.S. Real Household Income And Wealth Began To Recover Gradually In 2011 (Updated)

[Click on graph for enlargement.]

“People who are out of work for six months or more will be starting to lose skills. They will be losing attachment to the labor force. They won’t know what’s happening in their field or their industry. And that’s really one reason for urgency to try to get jobs created and try and bring the economy back to a more normal labour market.”

Federal Reserve Board Chairman Ben Bernanke, February 29, 2012

U.S. Personal Income, BEA, March 1, 2012

Image credit [Updated]: Via Financial Times


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