Retail Sales Up, Jobless Claims Rise
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U.S. retail sales jumped a  larger-than-expected 1.2 percent in December as lower gas  prices left shoppers with more cash to spend, while cheaper oil  also pulled down import prices more than anticipated,  government reports showed on Thursday.
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U.S. chain store retail sales rose in the latest week, due to a late pre-Christmas surge in spending, a report said on Tuesday.
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Retail sales unexpectedly rose in August, gaining 0.6 percent after a 0.7 percent gain in July, the Office for National Statistics said.
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The pound rose early afternoon after stronger-than-expected retail sales and consumer confidence surveys this morning offset weak mortgage lending and approvals figures earlier.
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U.S. chain store retail sales rose in  the latest week, as consumers picked up the pace of holiday  shopping, a retail report said on Tuesday.
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US jobless claims unexpectedly rose again last week in more worrying news for the labor market while prices for imported goods grew in November, government data showed on Thursday.
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The number of U.S. workers filing initial claims for jobless aid rose last week, suggesting some softening in the U.S. labor market, but a forward-looking economic gauge released on Thursday pointed to a pick-up in growth.
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The number of Americans filing new  claims for jobless benefits rose slightly last week, while  wholesale inventories dropped unexpectedly in December in a  good sign for future economic growth, government data showed on  Thursday.
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Retail sales have risen sharply in the run-up to the key Christmas season, adding to data which suggests the economy is gathering pace and interest rates may rise next year.
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Improved sales of household goods, clothing, footwear and food helped retail sales increase 0.6 per cent in November, increasing the likelihood of higher interest rates next year.
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US retail sales rose in May at the strongest pace in 16 months as American consumers splurged on many more purchases than anticipated, a government survey showed Wednesday.
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US retail sales rose by more than expected in September, easing worries that growth in the world's top economy is in danger of slowing down.
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WASHINGTON - Initial unemployment claims rose last week for the first time in four weeks, boosted by more filings related to Hurricane Charley, a government report showed yesterday.
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Sales at retailers posted a much  stronger-than-expected 1.2 percent rise in November, government  data showed on Thursday, as holiday shoppers coped with high  energy costs and the fallout from a housing slump.
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A large climb in September U.S.  retail sales and bigger-than-expected gains in underlying  producer prices boosted hopes for stronger growth and bets that  the Federal Reserve will continue to raise interest rates.
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The U.S. growth outlook got a boost  on Monday with the release of stronger-than-expected retail  sales data that helped cement views the Federal Reserve will  raise interest rates again this week.
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US retail sales surge in December, helped by a big rise in car sales as dealers bring in new offers to boost business.