Seasonally adjusted household income correlates with unemployment rate by month, from Sentier Research analysis of BLS data.

New Strategist Press editorial director Cheryl Russell closely follows Sentier Research's monthly post on median household incomes, based on Census Bureau Current Population Survey analysis.

The reason being, looking at this benchmark, which is indexed to median household income levels--seasonally adjusted and corrected for inflation--in January 2000 as the 100 point, one can see directionally the basis for household spending, which is accounts for two-thirds of the U.S. economy.

Russell takes note of the Sentier data as a positive right now, writing:

"Even though median annual household income did not increase significantly in November 2015, we continue to see an upward trend in income that has been evident since the low point in August 2011," says Sentier's Gordon Green. "We have now recaptured all of the income losses that have occurred since the beginning of the last recession in December 2007."

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