by Brianna Monsanto | Mar 24, 2022 | Retail Sales
Consumers slowed their spending in February as they continue to deal with higher prices. Retail sales grew a mere 0.3% in February, the Commerce Department said Wednesday. Gasoline stations dominated the report with a 5.3% increase in sales. These figures indicate...
by Angela Palumbo | Mar 29, 2021 | Economy, Featured, Jobs, Personal Income
Personal income went back down in February, due to a decrease in government aid. Consumer spending also went down for the same reasons, as well as extreme weather conditions in Texas. Personal income fell 7.1 percent in February and consumer spending fell 1.0 percent,...
by Minji Koo | Mar 14, 2020 | Consumer Price Index, Economy
Inflation crept up in February but could begin falling with the continued drop of oil prices following the COVID-19 outbreak. The Bureau of Labor Statistics reported on Wednesday that the Consumer Price Index, which measures how much consumers pay for food, housing,...
by Mariya Pylayev | Mar 14, 2012 | Economy
B y Mariya Pylayev Rapid job creation and increased consumer confidence contributed to higher than expected retail sales in February. Overall retail sales improved 1.1 percent in February, following an upwardly revised 0.6 percent gain the prior month, said the...
