Fourth quarter income trends up, boost for spending Mar 29, 2012 (Reuters) - Household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending. The Commerce Department said on Thursday real disposable income rose to a seasonally adjusted annual rate of $11.73 trillion, $10.6 billion more than previously estimated. While its final estimate left growth in gross domestic product at an unrevised 3 percent pace last quarter, when measured from the income side, the economy expanded at a solid 4.4 percent rate - the quickest since the first quarter of 2010. [...] http://www.reuters.com/article/2012/03/29/us-usa-economy-idUSBRE82Q0VN20120329 [with comments]
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