Go Consumer! The Mixed Picture for Retail SpendingBy
Nobody breaks a pundit’s heart like the U.S. consumer. Since late 2008, these fickle folks have kept economists guessing. One minute, they’re confident. The next, they’re not. Even now, with the U.S. unemployment rate rising to 8.3 percent and Europe edging into recession, Americans are spending again. Sales rose 0.8 percent last month, according to the Commerce Department, which prompted relief after months of decline.
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