• The income increase — to 11.8% last month from 10.7% in August — was driven primarily by high- and middle-income households and the West region, according to a survey of the US labor market from data intelligence company Morning Consult.
• Among adults with an annual income of $100,000 or more, close to 20% say they expect their incomes to fall in the next four weeks.
• The poll also pointed to a slowdown in business activity, with the share of workers who reported working over 35 hours falling to 46.7% — the lowest level since the spring of 2021 and down more than 12 percentage points from September 2022.

Tagged: Economy