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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (64081)	5/29/2002 2:04:27 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Recovery Pace Is Slowing Spending, Incomes Increase Modestly washingtonpost.com By John M. Berry Washington Post Staff Writer Wednesday, May 29, 2002; Page E01 While the U.S. economy continues to recover from last year's slump, the pace of recovery is slowing from the first quarter's strong gains, several economic reports indicated yesterday. Consumer spending for goods and services rose 0.5 percent last month, somewhat less than analysts had expected, with purchases of durable goods such as new motor vehicles responsible for most of the increase, the Commerce Department said. After adjustment for inflation, the increase was 0.2 percent. Meanwhile, personal incomes rose 0.3 percent in April, partly because of an increase in unemployment benefits paid under a law allowing an additional 13 weeks of eligibility for people who had exhausted their regular 26 weeks of benefits. The wages and salaries component of income rose only 0.1 percent.