What, exactly, is going on with this economy? Read:
U.S. retailers had a merry start to the holidays as November retail sales rose, but initial claims for jobless benefits jumped last week, according to government reports, tempering the season cheer.
Heading into the key Christmas shopping season, U.S. retail sales posted a better-than-expected 0.9 percent increase in November, boosted by surging auto and electronics sales, the Commerce Department said on Thursday.
In a separate report released by the Labor Department, first-time claims for unemployment benefits rose in the week ended Dec. 6, to 378,000, contrary to analysts’ expectations.
More people with fewer jobs are spending more money in a booming economy as the dollar weakens? Do I have that right?