Retail, auto sales, job numbers suggest tougher times
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CHICAGO (CBS.MW) -- Could it be that people are just tired of buying things on the cheap at Wal-Mart? Free! Sign up here to receive our Weekly Roundup e-Newsletter!
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If anyone is looking for signs that we may be headed into a recession, look no further than the dismal December sales results turned in by the nation's retailers.
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U.S. retail sales outside the auto  sector firmed in February, but were restrained by the housing  slump and rising gasoline prices, according to a report  published Monday.
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Factory orders suffered their steepest drop in six years last month and an index of pending homes sales fell, according to data on Tuesday highlighting weak spots in the economy and risks to output.
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A string of government reports on  Thursday offered a mixed picture of the U.S. economy while  unexpectedly poor August sales at many major U.S. retailers  fanned fears about consumer spending.
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The signs of labor unrest seen over the weekend may be a harbinger of things to come in an industry already buffeted by bankruptcies and structural change.
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Major U.S. retailers on Thursday reported gloomy sales for the critical December shopping season, while a separate report showed new claims for jobless benefits fell unexpectedly in the latest week, somewhat easing concerns of a weakening job market.
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US retail sales fell last month, official figures show, the latest indication that the economy is under pressure.
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Lots of debt could mean tough times ahead.
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Auto-industry inventory numbers do not look terrible, but what if there is a storm coming?
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Retail sales fell unexpectedly in  December to close out the weakest year at the cash register  since 2002, data showed on Tuesday, the strongest signal yet  that the economy may be sliding into recession under the weight  of a housing and credit crisis.
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As America went to the polls after a bitter campaign pegged partly on the economy, a report showed a still-troubled job market, where layoffs are frequent, hiring is hesitant and improvement has been maddeningly slow.
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Retail sales posted a modest gain in August, helped by the biggest jump in auto sales in more than a year. But there are concerns that spending could falter as the steep slump in housing and financial market turbulence weigh on consumer confidence.
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Weakness in the manufacturing sector, especially the auto industry, may be dampening the nation's economic prospects, but the bigger services sector appears to be more than making up for it.
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Business & money: Official data reveals a worse-than-expected fall in retail sales last month
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Housing woes and high gas prices likely  combined to send U.S. auto sales to a weak finish in December,  capping the industry's worst sales year in a decade and  increasing pressure on U.S. automakers to cut production  further, analysts said on Wednesday.
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Crumbling consumer confidence and slumping home sales could prove to be a bad combination for retailers, and for the broader economy going into the holiday shopping season