NFIB Weekly News

NFIB Weekly News Business Climate

Report: Household Income Fell In May, But Unemployment Remains At Historic Lows (07/09/2019)

HousingWire (7/3, Howley) reported, “American household income fell in May, even with the unemployment rate at the lowest level in almost 50 years. Median household income fell 0.6% from the prior month to $63,799, according to a report by Sentier Research on Tuesday.” Sentier Research’s Gordon Green said, “We are at a point now where real median household income is 3.4% higher than January 2000. Not an impressive performance by any means over a period spanning almost two decades, but the overall trend line has been positive for about seven years.”