Month-over-month, retail sales were flat in April, the Census Bureau reported Friday. Stripping out car and auto parts, sales actually declined slightly, by 0.8%. The massive March advance that came on the back of a new round of stimulus checks from the American Rescue Plan was revised up to 10.7%, from 9.7% reported initially. Even though April sales were weaker than economists expected, total sales over the past three months are still up a whopping 27% compared with the same period a year ago.
The consumer spending boom of the past few months is a good sign for America's recovery because some two-thirds of the economy is driven by people spending money.The big question is whether the spending pace can hold up as the pandemic-era spending boosters wind down. Read MoreThe stimulus checks were a one-off, even though there were multiple iterations.
50% grade = F
Isreal kills the babies women and children. Dont be slient please. You can be our voice. Palestines are human being and dont deserve war. isrealterrorist HearGaza FreePalestin GenociedinGaza
If you depend on government for jobs and money you’re going to be lost in the shuffle, depending on the democrats for free things will only last for a short time when the money is gone. Wake up Americans and do the right thing
There is no peace in a world where children are murdered GenocideinGaza GazaUnderAttack UNHumanRightsEU UN
Stop turning a blind eye to what's happening in Gaza Palestine FreePalestine GazaUnderAttack IsraelExposed PalestineWillBeFree PalestineUnderAttack GenocideinGaza Palestineneedsourhelp غزة_تحت_القصف_القدس_تنتفض
GenocideinGaza They show their strength over children and women, and they are the most cowardly of Allah's creation Joe_biden, do you see these real photos or do you see the fabricated pictures of Netanyahu
GenocideinGaza They show their strength over children and women, and they are the most cowardly of Allah's creation Joe_biden, do you see these real photos or do you see the fabricated pictures of Netanyahu
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.