Friday, October 15, 2010

Retail Sales in U.S. Climbed More Than Forecast in September

According to the article, the retail sales in the US climbed more than forecast in September, easing concern that unemployment still stuck at a really high percent.

The purchase was larger than previously estimated and according to Commerce Department. In addition, there is a concern that inflation is too low and too many Americans are still out of job and it would be needed another monetary stimulus.

The consumer and the economy are still in need of support, as private job creation is insufficient to cause a material improvement in the unemployment rate and in consumer confidence


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