US retail sales rose modestly last month amid solid holiday shopping, boosting economy
- U.S. Retail sales rose 0.4% in December, lower than the expected 0.6% increase, according to the U.S. Census Bureau.
- Jobless claims increased to 217,000 for the week ending January 10, above economist expectations of 210,000, as reported by the U.S. Department of Labor.
- Despite economic challenges, spending at retail stores and restaurants indicates consumers remain willing to shop, as stated by the Commerce Department.
- The National Retail Federation's conference in New York discussed retail issues, highlighting the impact of inflation and consumer spending trends.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left8Leaning Right5Center9Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 36%
C 41%
R 23%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
