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Strong job market and wage gains helped buoy consumer spending in Q1 2024

antithesis

Posted 3:05 pm, 07/11/2024

Just pointing out that the Russian propaganda is wrong. As usual...

singer

Posted 1:29 pm, 07/11/2024

Anti keeps trying to revive dead biden.

Problem with anti's brainwashed brain is garbage in garbage out.

Anonymoose

Posted 1:25 pm, 07/11/2024

Most of the jobs added were taxpayer funded.

antithesis

Posted 1:09 pm, 07/11/2024

Last month's retail sales, released April 15 by the U.S. Commerce Department's Census Bureau, closed out a first quarter that has been much more of a boon for retailers than many observers expected.


The year-over-year increase in March - 5.3% among the sectors covered by Retail Dive - was notable not just for surpassing expectations but also for beating inflation, thereby representing true demand for goods. Moreover, the federal government upgraded its numbers for the prior months as well.


Inflation reached 3.5% in March, slightly above February's 3.2%. In addition to labor market improvements - the U.S. economy added hundreds of thousands of jobs in February and March - average hourly earnings for private-sector workers grew 4.1% year over year in March and 4.3% in February, UBS analyst Michael Lasser noted.


https://www.retaildive.com/...24/713362/

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