Retail sales barely rose in December, but the gain was enough to lift sales to a record level for 2011. It marked the largest annual increase in more than a decade. Sales inched up 0.1 percent in December to a seasonally adjusted $400.6 billion, The Commerce Department said Thursday. It was the second straight month that sales have topped $400 billion.
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Retailers report modest gains for April
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Atlanta Journal-Constitution, Friday - 05/03/2013 - 01:11 PMA big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time.
More | Talk | Read It Later | ShareThe job market plugged along steadily, and unemployment fell in April, according to new data out Friday, suggesting that the U.S. economy is still expanding. The nation added 165,000 jobs in April as the unemployment rate fell to 7.5 percent, from 7.6 percent in March, the Labor Department said on Friday. The news was particularly welcome after a mere 88,000 jobs were initially reported to have been added in March; the new report revised that estimate to a healthier 138,000, suggesting that the labor market isn't slumping as much as it had appeared. Read full article >>
More | Talk | Read It Later | ShareThe number of Americans seeking unemployment benefits fell to the lowest level in more than five years, a positive signal for the labor market ahead of Friday's April jobs report.
More | Talk | Read It Later | ShareSears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting.
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