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U.S. Retail Sales Jump Most Since 2017 on Autos, Gasoline
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Best Retail Sales Gain Since 2017 Brightens U.S. Growth Outlook
The value of overall sales in March rose 1.6 percent, boosted by gains in motor vehicles and gasoline stations, after an unrevised 0.2 percent decrease the prior month, according to Commerce Department figures released Thursday. A Labor Department report released at the same time showed initial jobless claims fell last week to 192,000, the lowest since September 1969. Economists had projected an increase.
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U.S. Retail Sales Jump Most Since 2017 on Autos, Gasoline
A separate report Thursday from the Labor Department showed filings for unemployment benefits fell last week to a fresh a 49-year low. Analysts raised economic growth forecasts for the period Wednesday after a report showing the trade deficit unexpectedly narrowed in February.
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