October Personal Income Declines, But Still Well Above Pre-Pandemic Peak; Increased Likelihood Of Negative Pandemic Reversal In Jobless Claims
November 26, 2020 at 04:43 AM EST
Although personal income declined in October compared with September, more importantly depending on how you measure it, real personal income is still 2.6% to 3.4% *higher* than it was at its peak in February just before the onset of the pandemic.