Archive for retail sales

Weekly Jobless Claims Fall More than Expected, Retail Sales Beat Expectations in May

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thumbs up smaller

Via Fox Business, but they’re clearly biased. They would never want to report anything unfavorable to this administration, right? So it’s all good economic news all the time from them. Oh, but I kid the Foxers…

Via a couple of email alerts:

New claims for unemployment benefits fell by 12,000 to 334,000 last week. Claims were expected to fall to 345,000 from 346,000 the week prior.

The Commerce Department reports retail sales ticked up 0.6% in May from April, beating expectations of a 0.4% rise. Core sales, which excludes automobiles, gasoline and building materials, increased 0.3%.

Yet another Fox Biz email alert just popped up in my inbox at the time of this writing:

The Dow is up 114 points, or 0.76%, while the S&P 500 is up close to 1%.

Update, just prior to posting. The Dow is now up 157, the S&P 20, Nasdaq 37.

#BlameObama

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Video Overnight Thread- Black Friday Disasters Supercut

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Seriously make me want to stop being a human. Ick a roonie. Via.

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Cartoons of the Day- Black Friday

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Via.

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Cartoons of the Day- New Stuffing For Thanksgiving

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Via.

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US business stockpiles grew solid 0.6 percent in August as sales rose 0.5 percent

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Not barn burning, but a slow steady growth. Apparently economists are feeling the growth too.

WASHINGTON (AP) — U.S. companies restocked their shelves at a solid pace in August while sales rose for a second straight month. The combination of higher stockpiles and increased sales should help to boost economic growth.

Business inventories grew 0.6 percent in August following a July gain of 0.8 percent that had been the strongest since January, the Commerce Department said Monday. Sales were up 0.5 percent in August following a 0.9 percent rise in July that followed a big drop in June.

Companies typically boost their stockpiles when they anticipate sales will rise in coming months. Faster restocking helps drive economic growth. When businesses order more goods, it typically leads to more factory production.

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US retail sales rose 0.8 percent, helped by job gains

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Just as long as it keeps going in this direction, I’m a happy girl.

WASHINGTON – U.S. retail sales rose at a solid pace last month, as a healthier job market and warmer weather encouraged more Americans to shop.

The Commerce Department said Monday that retail sales rose 0.8 percent in March. That’s below February’s 1 percent increase but above January’s pace.

(snip)

Consumers spent more last month on building materials, autos, electronics, furniture and clothing. Excluding car and gasoline sales, retail sales increased 0.7 percent. And excluding autos, gas, and home supplies, so-called “core” sales rose 0.5 percent in March, matching February’s gain.

Investors seemed pleased by the gains. The Dow Jones industrial average rose more than 110 points in the first hour of trading, and broader indexes also increased.

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Retail sales rose strongly in September on autos

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I’m guessing the President will be mentioning this today when he tours an auto factory with President Lee.

WASHINGTON (AP) — U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy.

They spent more on autos, clothing and furniture last month to boost retail sales 1.1 percent, the Commerce Department said Friday. It was the largest gain in seven months.

Auto sales rose 3.6 percent to drive the overall September increase. Still, excluding that category, sales increased a solid 0.6 percent.

The government also revised the August figures up to show a 0.3 percent increase after initially reporting no gain.

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