U.S. Savings Rate Highest in 15 Years

[Beet]

Wage and salary income was down 0.1 percent last month. It will continue to fall as long as the economy hemorrages jobs, obviously. 1 + 1 = 2. With first time jobless claims up two weeks in a row to 627,000, this measure does not look to be good, and it does not look to be improving. Expect continued downward slide in the economy as long as first time claims remain roughly over 600,000 or more.