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U.S. real income dipped in February, Ben Casselman reports

U.S. real income dipped in February, Ben Casselman reports
U.S. real income fell in February

U.S. real income, excluding transfer payments, declined by 0.4 percent in February, as reported by Ben Casselman. The three-month average of real income, also excluding transfer payments, remained negative for the period.

Casselman notes this metric, tracked by NBER, is a key factor in determining recessions in the U.S.

Casselman has previously reported on disruptions affecting key economic indicators. He noted that the CPI legal services index stopped publishing consistently in early 2023. In a separate report, Casselman said a method change lowered January PCE inflation and prompted questions about data transparency.

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