According to data released Thursday by the Commerce Department, U.S. retail sales rose sharply in May and a revised March posted an increase for the third straight month. The May retail sales seem a strong indication that a strong job market is finally is starting to bear fruit for the consumer economy, and Americans could […]
Retail Sales Jump in May. Could this the Rebound? Read More »
WASHINGTON — U.S. retail sales increased slightly in June, evidence that consumers remain cautious despite steady job gains this year. Retail sales rose just 0.2% last month, the Commerce Department said Tuesday, held back by a sharp drop at building and garden supply stores. So-called core sales, which strip out automobiles, gasoline, building materials and
US RETAIL SALES TICK UP 0.2% IN JUNE Read More »
The pace of U.S home construction slipped in May with many Americans still struggling to afford new houses. Builders started work at a seasonally adjusted annual rate on 1.01 million homes last month, the Commerce Department said Tuesday. That was down 6.5% from 1.07 million in April. Construction firms began work on fewer single-family houses,
Nationally Homebuilding Decreased 6.5% in May Read More »