Retail Spending Unchanged in July 

This is a preview. View original post on this site

Retail sales were unchanged in July, holding steady at a seasonally adjusted 0.0% from June. Consumers are still spending at retailers but high inflation and low confidence has impacted the level of spending. Retail sales numbers are not adjusted for inflation, so though consumers spent more, they got less. 

Falling energy prices are partially responsible for the neutral growth, as consumers spent relatively less to fill their tanks in July compared to earlier in the year. Spending at gasoline stores fell 1.8% in July. Excluding gas stations and volatile motor vehicle and parts stores, retail sales were up 0.7%

Read Complete Article


Subscribe to Recruiting Headlines

* indicates required


RECRUITMENT MARKETPLACE


»Need an ATS? Try JazzHR


»Cliquify: Employer Brand Platform


»Hire in 50 Countries with Remote.com


»Free Rejection Email Templates


»Text Recruiting Software


»RecTech Live Webcasts


»HR Podcast Directory


»Recruiting Newsletters


»HR Tech News


»HR Jobs


»Diversity Hiring News


»Recruiter Ebooks