Business
Consumer Spending in U.S. Rises by Most in Almost Six Years
(AP Photo/Danny Johnston)
(Bloomberg) – Household spending climbed in May by the most in almost six years, buoyed by gains in incomes as the U.S. job market strengthened.
Purchases increased 0.9 percent, the biggest gain since August 2009, after rising 0.1 percent in April, Commerce Department figures showed Thursday in Washington. The median forecast of 75 economists in a Bloomberg survey called for a 0.7 percent advance. Incomes rose 0.5 percent for a second month.
Consumers may finally be putting savings from lower gas prices to work after holding back earlier this year. Higher stock and home prices that are lifting household wealth, in addition to increases in employment, may help Americans feel secure enough to boost spending.
“We’re clearly seeing a nice acceleration on the part of the consumer,” said Jacob Oubina, a New-York based senior U.S. economist at RBC Capital Markets LLC, who correctly forecast the gain in spending. “It comes down to job growth and better income prospects. It’s going to be a decisive rebound this quarter.”
Activism
Oakland Post: Week of April 23 – 29, 2025
The printed Weekly Edition of the Oakland Post: Week of April 23 – 29, 2025
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of April 16 – 22, 2025
The printed Weekly Edition of the Oakland Post: Week of April 16 – 22, 2025
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
Activism
Oakland Post: Week of April 9 – 15, 2025
The printed Weekly Edition of the Oakland Post: Week of April 9 – 15, 2025
To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.
WORK FROM HOME
Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540
Oakland Post: Week of April 23 – 29, 2025
Chavis and Bryant Lead Charge as Target Boycott Grows
The Department of Education is Collecting Delinquent Student Loan Debt
VIDEO: The Rev. Dr. Benjamin F. Chavis, Jr. at United Nations Permanent Forum on People of African Descent
Original Target Boycott Organizers Speak Out: ‘This Is Our Movement’
LIVE: Target Fast Town Hall
Emergency Housing Voucher Program Faces Collapse, Threatening Tens of Thousands Escaping Homelessness and Abuse
OP-ED: Target National Selective Buying Campaign Continues
Rev. Bryant and the Black Press Won’t Let Target Off the Hook
Jails Packed with Minor Offenders, New National Data Shows
Governor Wes Moore Draws Buzz as Democrats Look Ahead
Caregivers of Young Children Report Difficulty Accessing Essentials from Food Pantries
Trump Moves to Expose MLK Files — Critics Warn of Smear Campaign
IN MEMORIAM: Pope Francis Dies as Catholic Church’s Reckoning with Racism Remains
A New Era of College Football Has Begun at Sacramento State
We Fought on Opposite Sides of the Sheng Thao Recall. Here’s Why We’re Uniting Behind Barbara Lee for Oakland Mayor
Oakland’s Most Vulnerable Neighborhoods Are Struggling to Eat and Stay Healthy
San Francisco Is Investing Millions to Address Food Insecurity. Is Oakland Doing the Same?
Faith Leaders Back Barbara Lee for Mayor, Criticize Candidate Loren Taylor for Dishonest Campaigning
Oakland Post: Week of March 12 – 18, 2025
Oakland Post Endorses Barbara Lee
Rev. Dr. Jamal Bryant’s Black Church Target Boycott Mobilizes 150,000
Trump Order Slashes Federal Agencies Supporting Minority Business and Neighborhood Development
Oakland Post: Week of March 19 – 25, 2025
Five Years After COVID-19 Began, a Struggling Child Care Workforce Faces New Threats
Group Takes First Steps to Recall District Attorney Diana Becton
Sen. Lola Smallwood-Cuevas Honors California Women in Construction with State Proclamation, Policy Ideas
Oakland Post: Week of March 28 – April 1, 2025
Recently Approved Budget Plan Favors Wealthy, Slashes Aid to Low-Income Americans
Candidates Barbara Lee and Loren Taylor Raise Nearly $550,000 Combined for April 15 Mayor’s Race
LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST
AMG GLC43: The Perfect Blend of Power and Practicality
2024 Mercedes Benz GLC 43 AMG: Ultimate POV Test Drive
Unleashing Power: The GLC43 SUV with 416 HP
Why DeLorean Chose Stainless Steel: Innovations & Patents
DeLorean’s Untold Legacy
Why Driving the DeLorean is a Unique Experience
How Will the Outcome of This Election Affect the Auto Industry?
The Ariya Empower+
Trump vs. Biden: EV Showdown
Election’s Auto Industry Impact
The Auto Industry’s Struggle – Recovering from COVID
Unleash the AMG Power!
DeLorean: The Rise, Fall, and Second Acts of the DeLorean Motor Company
2024 AMG GLC43 SUV Review: Unleashing Mercedes-Benz’s Hybrid-Enhanced Power and Design
-
Activism4 weeks agoOakland Post Endorses Barbara Lee
-
Activism4 weeks agoOakland Post: Week of March 28 – April 1, 2025
-
Activism3 weeks agoOakland Post: Week of April 2 – 8, 2025
-
#NNPA BlackPress3 weeks agoTrump Profits, Black America Pays the Price
-
Activism2 weeks agoOakland Post: Week of April 9 – 15, 2025
-
#NNPA BlackPress3 weeks agoHarriet Tubman Scrubbed; DEI Dismantled
-
#NNPA BlackPress3 weeks agoTrump Targets a Slavery Removal from the National Museum of African-American History and Culture
-
#NNPA BlackPress3 weeks agoLawmakers Greenlight Reparations Study for Descendants of Enslaved Marylanders
