forexU.S. Personal Income Nearly Unchanged In January, Personal Spending Rebounds

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U.S. Personal Income Nearly Unchanged In January, Personal Spending Rebounds

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With an increase in compensation largely offset by a decrease in government benefits, the Commerce Department released a report on Friday showing U.S. personal income was virtually unchanged in the month of January. The Commerce Department said personal income inched up by less than a tenth of a percent in January after rising by an upwardly revised 0.4 percent in December.

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