WASHINGTON - Personal income rose in April at the fastest pace this year while people's spending slowed after a big jump in March, the government reported Friday.
The Commerce Department reported that incomes rose by 0.7 percent last month, reflecting a big jump in hiring by private sector businesses. The increase followed two 0.5 percent gains in February and March and was the strongest showing since a 4 percent jump in December that had been fueled by a big dividend payment from computer software giant Microsoft. |