The Commerce Department said Monday that there was 0.8 percent rise noticed in retail sales increased 0.8 percent, after rising 1.0 percent in February. Some of the increase went to higher gas prices. U.S. Consumer spending accounts for more than two-third of its economic activity.
Job gains have been the long discussed thing every since the progress on eurozone debt crisis is slowing improving and the world’s economy is gaining grip. There is a wave of jobs being generated in industries, and unemployment seems to go down.
The recovery of U.S. from the brutal recession has been uneven and modest, and has been hampered by a depressed housing market, tight credit for borrowers, budget-leashed governments and uncertainties in resolving the eurozone debt crisis. The job market is far from normal. Continued improvement is likely to require stronger growth in final demand and production.
The Organization of Petroleum Exporting Countries (OPEC), scheduled to convene in Vienna on Wednesday, is likely to face significant pressure towards increasing output, in …