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Personal income increased $67.4 billion, or 0.5 percent, and disposable personal income (DPI) increased $64.8 billion, or 0.5 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $24.7 billion, or 0.2 percent. In August, personal income increased $65.6 billion, or 0.5 percent, DPI increased $66.3 billion, or 0.5 percent, and PCE increased $39.8 billion, or 0.3 percent, based on revised estimates.

U.S. payrolls advanced by 204,000 jobs last month, the Labor Department said Friday, far exceeding economists’ forecast for a gain of 120,000. Readings for the prior two months were revised up by a total of 60,000, putting average job creation over the three-month span above a 200,000 pace, matching the strong gains recorded early in the year.

California students performed about the same in reading and math on this year’s National Assessment of Educational Progress as they did in 2011, ranking among the 10 lowest performing states in the country.

Stronger economic growth in the third quarter masked weak spending by consumers and businesses, the latest sign of a U.S. economy struggling to gain traction as the recovery entered its fifth year.

The number of people filing new jobless claims across the country dropped by 9,000 to 336,000, according to a weekly report from the U.S. Department of Labor. California saw a large drop in new claims.

California and Nevada are among the U.S. states with the highest poverty rates, according to new data that takes into account more cost of living measures, the Phoenix Business Journal reports.

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.8 percent in the third quarter of 2013 (that is, from the second quarter to the third quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.5 percent.

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.8 percent in the third quarter of 2013 (that is, from the second quarter to the third quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.5 percent.

The nation’s poverty rate was 16.0 percent in 2012, unchanged from 2011, according to the supplemental poverty measure released today by the U.S. Census Bureau. The 2012 rate was higher than the official measure of 15.0 percent. The official poverty rate in 2012 was also not significantly different from the corresponding rate in 2011.

The nation’s poverty rate was 16.0 percent in 2012, unchanged from 2011, according to the supplemental poverty measure released today by the U.S. Census Bureau. The 2012 rate was higher than the official measure of 15.0 percent. The official poverty rate in 2012 was also not significantly different from the corresponding rate in 2011.

Latinos are the fastest growing population of the state’s students, but they have the lowest college graduation rates, according a new report by the nonprofit, nonpartisan Campaign for College Opportunity.

Business associations have recently become so vocal about power costs that Italy’s economic development ministry is scrambling for new ideas. Among them: a proposal to issue bonds to help pay for the 12 billion euros a year that Italy spends on subsidies to the renewable energy industry and that ends up in everyone’s energy bill.

California will fall short of its goal to slash greenhouse gas emissions by midcentury unless it adopts aggressive policies to fight climate change, a new report says.

Despite headwinds and unnecessary shocks created by the political discord in Washington DC, the U.S. economy managed to bounce back for 2 plus percent GDP growth in the second and third quarter of 2013.

Just over a year ago, Measure of America published its initial research on the epidemic of youth disconnection called One in Seven. This report updates last year’s findings with the latest numbers and, to better map the landscape of youth disconnection, also presents the data by neighborhood cluster for each of the twenty-five most populous US metro areas.