Economics

Recovery Quickens as U.S. Retail Sales Soar, Jobless Claims Ease

  • March retail receipts jump by 9.8%, most in 10 months
  • Initial jobless claims fell last week to fresh pandemic low
U.S. Jobless Claims Hit 13-Month Low, Retail Sales Surge
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The U.S. economy’s comeback is firing on all cylinders with employment, retail spending and manufacturing exhibiting strong gains.