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Increased retail sales raises hopes for recovery
Written on 11 Dec, 2009 at 15:37 in Business | viewed 156 views times | 0 Comments
U.S. retail sales in November were higher than expected, as consumers increased spending on gasoline and a wide range of other goods, raising hope for a speedy recovery. Ministry of Commerce reported that last month the level of retail sales... (Continue reading)
Reduction of unemployment will take time
Chief Economic Adviser to President Barack Obama’s Lawrence Summers (Lawrence Summers) said on Monday that the solution to high U.S. unemployment rate is vital, but it will take time. Summers noted that the unemployment rate 10.2 per cent indicates that the... (Continue reading)
Retail sales surge
Written on 16 Nov, 2009 at 17:06 in Business | viewed 96 views times | 0 Comments
NEW YORK (CNNMoney.com) — Retail sales in October rose more than analysts expected, the government reported Monday. The Commerce Department said total retail sales jumped 1.4% last month, compared with September’s revised decline of 2.3%. Economists surveyed by Briefing.com had anticipated... (Continue reading)