Daily Archives: February 12, 2009

Retail Sales Rebound; Economists Puzzled

Today the Commerce Department reported that retail sales in January rose 1%.  This is the first increase in seven months and the biggest since November 2007.  This sounds like great news after weekly reports of retailers cutting thousands of jobs amid dismal sales.  Before the report was released at 8:30 am in Washington, economists predicted [...]

Posted in Retail/Market Trends | Tagged , , | 1 Comment
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