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8%  
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Keyword: retailssales

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  • Retail sales surged in May as weekly jobless claims fall

    06/14/2018 9:53:19 AM PDT · by SeekAndFind · 3 replies
    Retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter. Other data on Thursday showed a further tightening in labor market conditions, with first-time applications for unemployment benefits unexpectedly falling last week and the number of Americans on jobless rolls declining to a near 44¹/₂-year low. The reports came a day after the Federal Reserve raised interest rates for a second time this year and offered an upbeat assessment of the...