Personal income increased by 0.4 percent in January 2018 and unemployment claims decreased to their lowest levels in more than 48 years in February according to data released yesterday by the Bureau of Economic Analysis (BEA) and the Department of Labor’s Bureau of Labor Statistics (BLS).

Personal income increased by 0.4 percent for the second month straight and disposable personal income increased at an even faster rate in January – 0.9 percent.

More from BEA on the increase in personal income:

“Personal income increased 0.4 percent in January, the same increase as in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.4 percent in December. “Current-dollar disposable personal income (DPI), after-tax income, increased 0.9 percent in January after increasing 0.4 percent in December.”

During the week ending February 24th, new unemployment claims decreased to 210,000 – the lowest level since December 6, 1969.

More from BLS on the decrease in new unemployment claims: