You are here: Home » International » News » Economy
Business Standard

United States retail sales surge; weekly unemployment claims fall

Retail sales increased 9.8% last month

United States | US unemployment rate | labour market

Reuters  |  WASHINGTON 

U.S. retail sales rebounded sharply in March as Americans received additional pandemic relief checks from the government and increased vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter. Retail sales increased 9.8% last month, the Commerce Department said on Thursday. Data for February was revised higher to show sales dropping 2.7% instead of 3.0% as previously reported. Economists polled by Reuters had forecast retail sales increasing 5.9% in March. Many qualified households have received additional $1,400 checks, ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, April 15 2021. 19:14 IST