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Tag Archives: Retail sales

April retail sales “disappoint,” but maintain almost all of March’s surge

April retail sales “disappoint,” but maintain almost all of March’s surge [Note: I’ll comment on industrial production in a separate post later]At first glance, April’s retail sales report looks like another Big Miss. Nominally (blue) sales increased less than 0.1% (rounded to unchanged). Adjusted for inflation (red), they declined -0.7%: But the important point is that the big jump in March didn’t get taken back.  As I wrote last month:...

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Why March’s big jump in real retail sales augurs well for big employment gains through summer

Why March’s big jump in real retail sales augurs well for big employment gains through summer Yesterday I wrote that the steep decline in new jobless claims in the past 4 weeks likely presages another big monthly employment gain, on the order of 1 million or more jobs. Another very big positive for the next few months in employment is the massive, stimulus-fueled jump in retail sales. As I have pointed out many times, real retail sales (blue...

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