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Article updated: 3/29/2013 9:43 AM

U.S. consumer spending, income jump in February

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A customer counts her change after a purchase at Lodge's store in Albany N.Y. U.S. consumers earned more and spent more in February, helped by a stronger job market that offset some of the drag from higher taxes, according to the Commerce Department.

Associated Press/February 2013

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Consumers earned more and spent more in February, helped by a stronger job market that is offsetting some of the drag from higher taxes. The Commerce Department said Friday that consumer spending rose 0.7 percent in February from January. It was the biggest gain in five months and followed a revised 0.4 percent rise in January, which was double the initial estimate.
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