RESEARCH BRIEF

RETAIL SALES

Record Job Count Backs Retail Sales and Return of Pre-Pandemic Vacancy

Dual factors lift sales. Accelerated hiring and lower prices at the gas pump aided spending in July, with core retail sales now up 29 percent relative to pre-pandemic. The addition of 528,000 positions last month pushed the U.S. employment base beyond the previous February 2020 level, while the ...

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Published on 2022-08-24 13:41:58