Signs Of Economic Boom Emerge As Retail Sales Surge, Jobless Claims Hit Pandemic Low
Retail sales jumped nearly 10% in March, as shoppers, flush with $1,400 relief payments, are feeling more confident about venturing out. Weekly unemployment claims dropped to a pandemic low.
Signs of an economic boom are emerging as Americans open up their wallets to spend freely.
Retail sales soared 9.8% in March, according to from the Commerce Department. The increase follows a 2.7% slump in February, which analysts blamed partly on severe winter weather.
