‘Wow!’: CNBC host stunned as ‘truly incredible’ US jobs number plunges to 189,000 — the lowest level since 1960s
Yahoo Finance·2026-05-02 02:20
The Bureau of Economic Analysis said personal income increased $149.2 billion, or 0.6%, in March, while disposable personal income rose $142.5 billion, also up 0.6% (5). Personal consumption expenditures climbed $195.4 billion, or 0.9%. He added that spending was "equal to expectations," up nine-tenths, calling the number "pretty robust." "How does up nine-tenths compare? Well, you'd have to go to the last quarter of '24, when it was up 1%," he said. "And we are a consumption economy. That is pretty good ne ...